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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.
8/3/17 Closing Prices:
Bitcoin: $2,735.08 (+$44.13) Gold: $1,268 (+$1.00) Dow Jones Industrials: 22,026.10 (+9.86) S&P 500: 2,472.16 (-5.41) Nasdaq Composite: 6,340.34 (-22.30)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 8/3/2017
- Bought bitcoin @ $2,737 Bitcoin took launch of bitcoin cash in stride
- All the anticipation and nervousness over "fork" (split) seems to have passed
- Bitcoin set to resume its upward course. $5,000?
- Buy the dips on bitcoin. Use sell stop $225 under buy price
- Looks like a break above $3,000 (all time highs) is coming
- No changes on gold. Buy gold on dips against sell stop at $1,250
- Gold trading on dollar strength/weakness currently. Expect that to change shortly
- 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
See other content on bitcoin & digital currencies here