BOUNCY BOUNCY, UP GOES the BITCOIN; GOLD OFF A LITTLE. MEH! (9/15/17)

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.

9/15/17 Closing Prices:

Bitcoin:  $3,551.14  (+1.13)
Gold:  $1,321  (-$7.00)
Dow Jones Industrials:  22,268.34  (+64.86)
S&P 500:  2,500.23  (+4.51) 

Nasdaq Composite:  6,448.47 
(+19.38)

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

Trading Summary Notes for Friday, 9/15/2017

  • BITCOIN has early morning plunge to $3,000. Shakes out the weak holders
  • BOUGHT BITCOIN at $3,170 for new trading position
  • Then……..THE BOUNCE. Back to “even” on the CME/CF BRR settlement
  • Bitcoin continued to climb after the BRR close
  • Was that the end? 40% selloff enough? Time will tell
  • GOLD softens a touch
  • $1,305-$1,310 looks good for a buy
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG BITCOIN & LONG GOLD

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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