WHOOSH, GOLD BREAKS OUT; BITCOIN SITS AND WAITS ITS TURN (8/28/17)

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.

8/28/17 Closing Prices:

Bitcoin:  $4,313.46  (-$47.45)
Gold:  $1,311  (+$20.00)
Dow Jones Industrials:  21,808.40  (-5.27)
S&P 500:  2,444.24  (+1.19) 

Nasdaq Composite:  6,283.02 
(-+17.37)

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

Trading Summary Notes for Monday, 8/28/2017

  • Its GOLD day. Gold breaks out through $1,300
  • GOLD finally get through resistance. Upside target $1,350
  • Buy GOLD with sell stops at $1,290-$1,295
  • Bitcoin settles down slightly
  • Bitcoin poised to move to$5,000 BUT gold has trader’s attention for now
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here