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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.
8/11/17 Closing Prices:
Bitcoin: $3,547.21 (+$118.09) Gold: $1,291 (+$6.00) Dow Jones Industrials: 21,858.32 (+14.31) S&P 500: 2,441.32 (+3.11) Nasdaq Composite: 6,256.56 (+39.68)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 8/11/2017
- Bitcoin's upside trajectory getting stronger. $5,000 near term target in sight
- Buy bitcoin on dips. Traders can place stops ($200-$250 under buy price?)
- Gold jumps higher again on yesterday's comments by Ray Dalio (5%-10% of assets should be in gold)
- Gold testing upper resistance levels ($1290-$1300). A close above $1300 would be very bullish
- 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