BITCOIN Back Above $10K, Has Solid Week; GOLD Eases Slightly After Solid Week Too (2/16/18)

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.

2/16/18 Closing Prices:

Bitcoin: $10,080.22  (+$238)
Gold:  $1,349 (-$4) 
Dow Jones Industrials:  25,219.38  (+19.08)
S&P 500:  2,732.22  (+1.02)

Nasdaq Composite: 7,239.46  (-16.97)

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

Trading Summary Notes for Friday, 2/16/2018

  • BITCOIN settles above $10K in quiet trade ahead of U.S three day weekend
  • Closing above $10K for a few days will bring in new buying. $12k-$13k would be next target
  • Volatility is decreasing (for now). Bitcoin traders should always use stops
  • GOLD eases back slightly to under $1,350
  • Weak dollar and inflation pickup very bullish for gold
  • BOTH Bitcoin & Gold have a nice solid week (from last Friday’s settlement)
  • Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD

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

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