DOWN GOES the BITCOIN; GOLD INCHES UP (9/22/17)

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.

9/22/17 Closing Prices:

Bitcoin:  $3,609.58  (-$240.58)
Gold:  $1,297  (+$6.00)
Dow Jones Industrials:  22,349.59  (-9.64)
S&P 500:  2,502.22  (+1.62) 

Nasdaq Composite:  6,426.92 
(+4.23)

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

Trading Summary Notes for Friday, 9/22/2017

  • Selling waves hit Bitcoin. Drops sharply
  • Looks like a ‘re-test” of last weeks lows are coming. $3,000? Probably
  • Bitcoin’s momentum is now DOWN
  • GOLD inches up after dropping under $1,300
  • Gold has broken support areas and now looks lower. $1,250??
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  No Current Trading Positions

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here