GOLD DUMPS, BACK UNDER $1300; BITCOIN WANDERS UP (9/26/17)

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.

9/26/17 Closing Prices:

Bitcoin:  $3,940.92  (+$77.75)
Gold:  $1,296  (-$12.00)
Dow Jones Industrials:  22,284.32  (-11.77)
S&P 500:  2,496.84  (+0.18) 

Nasdaq Composite:  6,380.16 
(+9.57)

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

Trading Summary Notes for Tuesday, 9/26/2017

  • BITCOIN strolls up above $3,900 in quiet trade
  • The more bitcoin wanders around under $4,000 the more potential for downside
  • Traders stay neutral on bitcoin. Shorts, use buy stops. Longs, use sell stops
  • GOLD takes a trip to the downside on Yellen talk
  • The gold action is a little disappointing. Too many longs?
  • Gold may head back down to the $1,250 area. Or, another North Korea incident pops up
  • 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
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