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.
1/17/18 Closing Prices:
Bitcoin: $9,489.38 (-$2.687.06) Gold: $1,329 (-$10) Dow Jones Industrials: 26,115.65 (+322.79) S&P 500: 2,802.56 (+26.14) Nasdaq Composite: 7,298.28 (+74.59)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 1/17/2018
- BITCOIN shakes cryptoworld with huge plunge. Off over 50% from record highs
- Negative "chatter" from regulators/governments to curb speculation seems to HAVE worked
- Bitcoin had become very over owned. Time to "step in" on this sell-off? Why not.
- BOUGHT BITCOIN AT $9,830. LOOKS LIKE THE "DIP" TO BUY
- GOLD gets up (close) to upside resistance at $1,350. Turns back
- Demand for gold getting stronger. Inflation fears/worries will persist in 2018
- A big story for 2018? Inflation led by strong wage increases. Great story for gold
- Top 2018 “HOT” picks………..both BITCOIN & GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries