WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!
By Bill Taylor, Contributor
We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.
7/16/18 Closing Prices:
Bitcoin: $6,612.69 (+$364.18) (from Friday's close) Ethereum: $437.22 (+$7.23) (from Friday's close) Gold: $1,241 (-$0-) (from Friday's close) Dow Jones Industrials: 25,064.36 (+44.95) S&P 500: 2,798.43 (-2.88) Nasdaq Composite: 7,805.72 (-20.26)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time IndexTrading Summary Notes for Monday, 7/16/2018
- Cryptos (BITCOIN & ETHEREUM) rally sharply on news that BlackRock is looking into investing in cryptocurrencies
- Another major firm affirms the potential of cryptos. BlackRock is a major force
- BTC & ETH ready for next leg up? Possibly but buying dips is better than chasing
- Looks like the $6,000 + - area may have been the bottom on this years selloff
- Risk/reward here to good to pass up. BTC……risking $2,000 (down to $4,500) to make $13,000 (back to $20K). Great odds
- GOLD tried early rally but it did not hold. BUT, didn't sell off 'hard' either
- GOLD searching for a bottom. Its around here somewhere. Inflation will trump other “fears”
- Inflation is here and heating up. Gold investors/traders not paying attention.......yet
- Risk/reward in gold………..risking $50 (down to $1,200) to make $150 ($14,000 target)
CURRENT TRADING POSITION:
LONG BITCOIN AND GOLD
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews