bitcoin gold


WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!

By Bill Taylor, Contributor

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

7/11/18 Closing Prices:

Bitcoin: $6,359.41 (-$6.96) Ethereum: $440.66 (+$3.04) Gold: $1,243 (-$13) Dow Jones Industrials: 24,700.45 (-$219.21) S&P 500: 2,774.02 (-19.82) Nasdaq Composite: 7,716.61 (-42.59)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Wednesday, 7/11/2018

  • GOLD drops hard. Recent rally fizzles
  • BTC & ETH go nowhere in slow trade.........watching World Cup?
  • Same old same old from yesterday..............
  • Risk/reward here to good to pass up. BTC……risking $2,000 (down to $4,500) to make $13,000 (back to $19K)
  • Risk/reward in gold………..risking $50 (down to $1,200) to make $150 ($14,000 target)
  • Strong selling climax down to BTC $4,000 didn’t happen; Gold firm up under $1,250. Upside fundamentals too good and risk/reward too positive.
  • Long term bullish on BTC, ETH and GOLD

CURRENT TRADING POSITION:

LONG BITCOIN AND GOLD



Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews