Softness Prevails; BITCOIN, ETHEREUM & GOLD All Have Slight Declines (6/21/18)

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.

6/21/18 Closing Prices:

Bitcoin: $6,717.16 (-$36.43) 
Ethereum: $529.37 (-$8.39) 
Gold: $1,267 (-$3) 
Dow Jones Industrials: 24,461.70 (-196.10)
S&P 500: 2,749.76 (-17.56)
Nasdaq Composite: 7,712.95 (-68.56)

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 Thursday, 6/21/2018

  • Cryptos (BITCOIN, ETHEREUM) and GOLD all post slight losses
  • BTC and ETH lower on profit taking
  • GOLD hits new lows for the year
  • Support for gold $1,255-$1,260
  • BITCOIN back to $8,500? ETHEREUM back to $700?
  • FOMO…..Fear Of Missing Out……. may creep into traders minds as BTC & ETH move higher
  • Long term bullish on BTC, ETH and gold

CURRENT TRADING POSITION:  LONG BITCOIN



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