The Taylor Report-Bitcoin vs Gold vs Ethereum (9/14/18)

BITCOIN Eases Slightly, ETH Adds One Dollar ($1.00), GOLD Tumbles Back Below $1,200

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.

9/14/18 Closing Prices:

Bitcoin: $6,443.85 (-$57.59) 
Ethereum: $204.63 (+$1.17) 
Gold: $1,194 (-$8) 
Dow Jones Industrials: 26,154.67 (+8.68)
S&P 500: 2,904.98 (+0.80)
Nasdaq Composite: 8,010.04 (-3.67)

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, 9/14/2018

  • After a nice rally BITCOIN eased off slightly BUT trading back above $6,500 in late trading
  • ETHEREUM added a tiny amount BUT is trading higher ($220) in late trading
  • GOLD could not break through $1,210 and sold off back below $1,200. Just trapped in a very tight range
  • A solid close above $1,210 should bring in buyers; target $1,250. So far, $1,190-$1,195 is holding. After that $1,175-$1,180 is support
  • BITCOIN downside support at $6,000, upside target $8,500
  • Upside target $300 for ETH
  • Long term bullish on BITCOIN and GOLD. Short term bullish on ETH.

CURRENT TRADING POSITION:  LONG BITCOIN, ETH and GOLD




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