BITCOIN SHY’S AWAY FROM $6,000; GOLD DIPS, THEN FIRMS UP (10/23/17)

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.

10/23/17 Closing Prices:

Bitcoin: $55,725.82  (-$77.67) from Friday
Gold:  $1,282  (+$1)
Dow Jones Industrials:  23,273.96  (-54.67)
S&P500:  2,564.98  (-10.23) 

Nasdaq Composite:  6,586.83 
(-42.23)

Current TRADING Positions:  LONG BITCOIN

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

Trading Summary Notes for Monday, 10/23/2017

  • BITCOIN spikes above $6,000 over the weekend. Then pulls back
  • Pullback should be considered normal. Backing and filling
  • Bitcoin traders use caution
  • GOLD weakens early, then firms up
  • 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:  LONG BITCOIN

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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