BITCOIN MASSIVE JUMP OVER $5,800; NEW TOP?? GOLD RALLIES OVER $1,300 (10/13/17)

Bitcoin Gold

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.

10/13/17 Closing Prices:

Bitcoin:  $5,743.71  ($552.90)
Gold:  $1,303  (+$10)
Dow Jones Industrials: 22,871.72  (+30.71)
S&P500: 2,553.17  (+2.24) 

Nasdaq Composite:  6,605.80
(+14.29)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Friday, 10/13/2017

  • BITCOIN leaps to new all time highs……..$5,856 actually
  • SOLD BITCOIN TRADING POSITION at $5,773. Target was $5,900-$6,000. Close enough
  • Too much too fast. Expect some softness and pullback
  • Was THAT the top of bitcoin?? Time will tell……I think not
  • GOLD has a solid day. Close over $1,300 is positive
  • With continued strength upside target is $1,350
  • Place buy stops at $1,305-$1,310 for breakout. Make sure it stays ABOVE $1,300
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  NO current TRADING positions

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here