BITCOIN-WHAT A WEEKEND! BIG JUMP. GOLD SLEPT IN-NO MOVEMENT. (8/7/17)

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

8/7/17 Closing Prices:

Bitcoin:  $3,376.03  (+$523.43)
Gold:  $1,258  (-0-)
Dow Jones Industrials:  22,118.42  (+25.61)
S&P 500:  2,480.91 (+4.08) 

Nasdaq Composite:   6,383.77 
(+32.21)

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

Trading Summary Notes for Monday, 8/7/2017

  • Bitcoin took out the old highs, ran through $3,000 AND kept going.
  • Bitcoin momentum very strong. Expect more upside. $5,000? YUP!
  • Buy the dips on bitcoin. Use sell stop $225 under buy price
  • Gold just hanging out. Back in the doldrums……..for now
  • Buy gold on dips against sell stop at $1,250
  • Gold looking to test $1,300. Solid momentum building
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

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