The Taylor Report-Bitcoin vs Gold vs Ethereum (12/9/18)

December 4, 2018 • Bill Taylor

By Bill Taylor, Contributor/Fintek Capital

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.

12/9/18 Closing Prices: Bitcoin: $3,513.66 (+$134.40) Ether: $94.17 (+$5.73) Gold: $1,249 (+$11.00) (from Friday) DJIA: 24,388.95 (-558.72) (from Friday) S&P 500: 2 ,633.08 (-62.87) (from Friday) Nasdaq Comp: 6,969.25 (219.01) (from Friday)

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

rading Summary Notes for Sunday, 12/9/2018

BITCOIN and ETH stage a nice weekend rally. In late Sunday trading the rally continues with both BTC & ETH getting back to roughly where they were last Thursday
Another bottom? Picking bottoms is extremely difficult (especially when you are bullish) but that bottom is down here somewhere for BITCOIN. Sorry, BTC is NOT going to zero
ETH and other cryptos need BITCOIN to be the leader to advance any gains, otherwise they will continue to drift lower
End of the year rally for BITCOIN? Still thinking YES.Maybe not for ETH! BITCOIN upside could see $6,500 and ETH……..?????????
If you are bullish (I am) buy some BITCOIN here and add to it on a dip, averaging in with stops at $3,250
When (IF) BITCOIN begins a new move higher it will not be easy to get in. You will either be 'in' or 'out' (and watching)
GOLD is beginning a new long term move higher. Buy the dips in GOLD
Possible near term resistance around $,1250-$1,255
GOLD continues to look super positive breaking out to the upside (as predicted). It is becoming more and more evident that GOLD bottomed just under $1,200 and is in the early stages of a long term bull market
Upside target remains $1,350 (yes, $1,350)