BITCOIN MOVING LOWER; GOLD DOES TOO (10/24/17)

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.

10/24/17 Closing Prices:

Bitcoin: $5,656.99  (-$68.83) 
Gold:  $1,277  (-$5)
Dow Jones Industrials:  23,441.76  (+167.80)
S&P500:  2,569.13  (+4.15) 

Nasdaq Composite:  6,598.43 
(+11.60)

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

Trading Summary Notes for Tuesday, 10/24/2017

  • BITCOIN moving away from a couple romps at $6,000
  • Could that area be a double top? Very possible, lets keep watch
  • SOLD bitcoin trading position at $5,720 on a sell stop. Small loss
  • Bitcoin traders use caution. May be some strong selling coming
  • GOLD softens…..again
  • Gold may test the $1,250-$1,255 area. Lets be a buyer in that area
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  NO CURRENT TRADING POSITIONS

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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