Ding Ding Ding, BITCOIN Hits $8,000; GOLD Rockets, Makes Big Move (11/17/17)

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.

11/17/17 Closing Prices:

Bitcoin:  $7,940.33  (+$470.61)
Gold:  $1,295  (+$16)
Dow Jones Industrials:  23,358.24  (-100.12)
S&P 500:  2,578.85  (-6.79)

Nasdaq Composite:  6,782.79  (-10.50)

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

Trading Summary Notes for Friday, 11/17/2017

  • BITCOIN, as forecast, hits $8,000. New highs just keep coming
  • Bitcoin demand and credibility just keeps growing. Square, CME Group, etc
  • After $8,000 bitcoin should have a little pause and consolidation. OR, $8,500 quickly
  • GOLD springs to life with big jump. Testing $1,300
  • Gold looking to break out above $1,300. Next stop $1,350
  • As predicted, gold WILL be the surprise move to the upside
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & LONG GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here