WOW! BITCOIN JUMPS BIG; WOW WOW GOLD DOES TOO! (8/10/17)

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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 Index

Trading 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