Ready For BTC, ETH and Crypto Selling Climax? BTC $4,000, ETH $250; GOLD Holds $1,250 (6/29/18)

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.

6/29/18 Closing Prices:

Bitcoin: $5,885.88  (-$218.95) 
Ethereum: $411.22 (-$25.40) 
Gold: $1,252 (+$5) 
Dow Jones Industrials: 24,271.41 (+$55.36)
S&P 500: 2,718.37 (+2.06)
Nasdaq Composite: 7,510.30  (+6.62)

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 Friday, 6/29/2018

  • NO RALLIES for BITCOIN, ETH or Cryptos
  • GOLD re-takes yesterday’s loss…….up $5.00 and above $1,250
  • Be prepared for a Crypto selling climax
  • Markets always overshoot…..both up and down…………BITCOIN $4,000, ETH $250 and GOLD $1,200
  • Capitulation creates great buying opportunities
  • Long term bullish on BTC, ETH and GOLD. Fundamental story intact

CURRENT TRADING POSITION:  NO CURRENT TRADING POSITIONS




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