BITCOIN SELLING OVER, HERE WE GO. GOLD DIVES ON DOLLAR RALLY (9/27/17)

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.

9/27/17 Closing Prices:

Bitcoin:  $4,081.66  (+$140.74)
Gold:  $1,285  (-$11.00)
Dow Jones Industrials:  22,340.71  (+56.39)
S&P500:  2,507.04  (+10.20) 

Nasdaq Composite:  6,453.26 
(+73.10)

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

Trading Summary Notes for Wednesday, 9/27/2017

  • BITCOIN close above $4,000 to re-gain upside momentum
  • BOUGHT BITCOIN at $4,046 on a buy stop for NEW TRADE
  • Just can’t seem to keep bitcoin down. ALWAYS a long term hold
  • GOLD softens more on the strength of the dollar
  • Too many longs in gold? Looks like it
  • Gold looks to re-test the $1,250 area.
  • 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