Tax Selling Over, BITCOIN Has Big Week; GOLD Fails at Resistance Levels, Falls Back (4/20/18)

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.

4/20/18 Closing Prices:

Bitcoin:  $8,500.75
Gold:  $1,336
Dow Jones Industrials:  24,462.94 (-201.95)
S&P 500:  2,670.14 (-22.99)

Nasdaq Composite:  7,146.13  (-91.93)

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

Trading Summary Notes for Friday, 4/20/2018

  • With tax selling over, BITCOIN rallies over 6% on the week
  • New buyers, family office groups, hedge funds stepping into the crypto markets
  • Bitcoin heading toward $9,000 which was previous resistance
  • $30,000-$35,000 by end of year? HELL YEAH!
  • GOLD tried several times to get (and close) above $1,355 this week……it failed
  • Continues to be locked in a very tight trading range ($1,315-$1,355)
  • Needs a sold close ABOVE $1,355 to confirm breakout
  • Inflation being vastly overlooked which will be very bullish for gold
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time