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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.
8/16/17 Closing Prices:
Bitcoin: $4,115.07 (+$223.04) Gold: $1,283 (+$11.00) Dow Jones Industrials: 22,024.87 (+25.88) S&P 500: 2,468.11 (+3.50) Nasdaq Composite: 6,345.11 (+12.10)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 8/16/2017
- Bitcoin's pullback (dip) ran its course. Heading for $5,000
- The higher the price, the higher the volatility. Expect more 'vol'
- Can't argue with the upside momentum. ANYONE who has called a top in bitcoin is.............looking pretty silly
- Gold looks ready to explode and go right through resistance at $1,300
- BOUGHT GOLD AT $1,271. Now long gold and looking for $1,350
- Traders can buy gold on dips against sell stop at $1,250 (I did)
- LONG TERM BULLISH ON BITCOIN & GOLD
Current 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