The Taylor Report-Bitcoin vs Gold vs Ethereum (10/21/18)

BITCOIN Adds $40+, ETH Adds $2, GOLD Unchanged; All Back To Last Weeks Levels

Bill Taylor

By Bill Taylor, Contributor/Fintek Capital

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

10/21/18 Closing Prices:

Bitcoin:  $6,446.32 (+$42.68)
Ether:  $204.31 (+$1.67)
Gold:  $1,226 ($-0-)
DJIA:  25,444.34 (+64.89) (Friday’s close)
S&P 500:  2,767.78 (-1.00) (Friday’s close)
Nasdaq Comp:  7,449.03 (-36.11) (Friday’s close)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Sunday, 10/21/2018

  • NOTE:  I am in London this week so there will be no Taylor Report the rest of the week.
  • BITCOIN rallies back up over the weekend to, basically, where it was last week. Stuck in a very tight range
  • ETH creeps a bit higher to last weeks low levels of just above $200
  • Both BTC and ETH suffering from lack of interest in very slow trading. BUT, both holding support levels
  • Very positive risk/reward for buying BTC and ETH
  • GOLD looks to have broken out of long time $1,200 +/- area
  • GOLD upside target $1,350. Expect some “backing and filling” but buy the dips
  • BITCOIN downside support at $6,000, upside target $8,500
  • ETH downside at $185-$190, upside target $300
  • Long term bullish on BITCOIN and GOLD. Short neutral bullish on ETH


Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor