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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.
8/4/17 Closing Prices:
Bitcoin: $2,852.60 (+$117.52) Gold: $1,258 (-$10.00) Dow Jones Industrials: 22,092.81 (+66.71) S&P 500: 2,476.83 (+467) Nasdaq Composite: 6,351.56 (+11.22)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 8/4/2017
- Bitcoin pushing toward $3,000 and all time highs
- "Little bitcoin" (bitcoin cash) losing its new shiny "flash". All the anticipation and nervousness over “fork” (split) seems to have passed
- Buy the dips on bitcoin. Use sell stop $225 under buy price
- Bitcoin looks poised to break out on the upside. $5,000? I say YES
- Gold weakens on strong jobs numbers
- Gold trading on dollar strength/weakness. For now
- Buy gold on dips against sell stop at $1,250
- Gold looking to test $1,300. Solid momentum building
- 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