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.
2/9/18 Closing Prices:
Bitcoin: $8,364.7 (+$24.18) Gold: $1,314 (-$5) Dow Jones Industrials: 24,190.90 (+330.44) S&P 500: 2,619.55 (+38.55) Nasdaq Composite: 6,874.49 (+97.33)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 2/9/2018
- BITCOIN recovers from early week panic selling. Has a quiet Friday
- Bitcoin may have put in a bottom around $6K-$7K
- Bitcoin and all markets very nervous. Traders use stops ALWAYS
- Next move up underway? Very possible
- GOLD sells off slightly. Gold holding our support/entry level of $1,310-$1,315.
- Holding that area should reinforce a renewed upward trend
- Inflation talk will return and gold will benefit
- Top 2018 “HOT” picks……….. long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
Read our PRIOR daily commentaries