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 IndexTrading 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 IndexRead our PRIOR daily commentaries