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.

9/18/17 Closing Prices:

Bitcoin: $4,072.79 (+$521.65) Gold: $1,307 (-$14.00) Dow Jones Industrials: 22,331.35 (+63.01) S&P 500: 2,503.87 (+3.64) Nasdaq Composite: 6,454.64 (+6.17)

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

Trading Summary Notes for Monday, 9/18/2017

  • BITCOIN ROCKETS up after deep plunge last week. Up over 35% from bottom to Monday BRR 'fix'
  • Volatility exists in bitcoin. Expect more
  • Bitcoin heading back to $5,000? Perhaps. Trading bounce? Perhaps
  • Looks like bitcoin will "test" $4,500. Then??????
  • GOLD sells off on Fed fears. Fed meets this week to discuss interest rates and QE unwinding
  • Wait for the news conference after announcement. Should be NO rate increase
  • Gold right here in our "buy zone".........$1,305-$1.310. Traders use stops $1,285-$1,290
  • LONG TERM BULLISH ON BITCOIN & GOLD

C

urrent TRADING Positions: LONG BITCOIN & LONG GOLD

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here