BITCOIN’S REST OVER; $5,000 COMING; GOLD WATCHING FOR NOW (8/3/17)

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.

8/3/17 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 Index

Trading 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

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