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.
3/14/18 Closing Prices:
Bitcoin: $8,706.28 (-$345.90) Gold: $1,325 (-$2) Dow Jones Industrials: 24,758.12 (-248.91) S&P 500: 2,749.48 (-15.83) Nasdaq Composite: 7,496.81 (-14.20)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 3/14/2018
- BITCOIN enters new sinking spell. Trades lower after close
- SOLD BITCOIN TRADING POSITION AT $8,950. Bullish long term
- Currently bitcoin has more sellers than buyer. Buyers have stepped away
- Bitcoin going through a lack of interest
- Potential regulations are creating a “wait and see” environment
- Defending potential regulation driving up costs, hurting cryptos
- GOLD seems to be stuck in a very tight trading range…..$1,310-$1,340
- Lack of interest in gold kipping trading light
- Still very bullish on gold
- Top 2018 “HOT” picks……… long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long GOLD
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
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