BITCOIN TAKES A BREATHER, OFF SLIGHTLY; GOLD MOVES HIGHER (10/11/17)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

10/11/17 Closing Prices:

Bitcoin:  $4,776.63  (-$38.48)
Gold:  $1,293  (+$5.00)
Dow Jones Industrials: 22,872.89  (+42.21)
S&P500: 2,555.24  (+4.60) 

Nasdaq Composite: ,603.55 
(+16.30)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 10/11/2017

  • BITCOIN backs off just a wee bit. A restful pause
  • Catching its breath to move to new highs…….very shortly
  • Momentum is building
  • After $5,000 the next stop will be $5,900-$6,000
  • GOLD not backing away from $1,300. Looks like a move higher
  • Buy stops just over $1,300 ($1,305-$1,310)  for breakout
  • After $1,300……….$1,350

Current TRADING Positions:  LONG BITCOIN

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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