WOW!! BITCOIN EXPLODES UP; GOLD SITS; GO CUBS! (10/12/17)

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.

10/12/17 Closing Prices:

Bitcoin:  $5,190.81  ($414.18)
Gold:  $1,293  (+$0)
Dow Jones Industrials: 22,841.01  (-31.88)
S&P500: 2,550.93  (+-4.31) 

Nasdaq Composite:  6,591.51
(-12.04)

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

Trading Summary Notes for Thursday, 10/12/2017

  • BITCOIN explodes through $5,000……takes out old highs……AND moves even higher
  • Like I’ve been saying….momentum has been building. Very strong
  • Now what? The next stop will be $5,900-$6,000
  • GO BITCOIN
  • GOLD hangs just under $1,300……unchanged
  • Not backing away from $1,300. Looks like a move higher
  • Place buy stops just over $1,300 ($1,305-$1,310) for breakout
  • Strong close above $1,300 would trigger a move to $1,350

Current TRADING Positions:  LONG BITCOIN

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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