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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.
8/10/17 Closing Prices:
Bitcoin: $3,429.12 (+$167.68) Gold: $1,285 (+$9.00) Dow Jones Industrials: 21,844.01 (-204.69) S&P 500: 2,438.21 (-35.81) Nasdaq Composite: 6,216.87 (-135.46)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 8/10/2017
- Bitcoin had a one day pause (yesterday) and now more new highs
- Bitcoin momentum getting stronger. $5,000 near term target in sight
- Buy bitcoin on dips. Traders can place stops ($200-$250 under buy price?)
- Gold jumps on comments by Ray Dalio (5%-10% of assets should be in gold)
- Gold testing upper resistance levels ($1290-$1300)
- Gold looks GOOD. Buy gold on dips against sell stop at $1,250
- LONG TERM BULLISH ON BITCOIN & GOLD
Current TRADING Positions: LONG BITCOIN
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here