The Taylor Report-Bitcoin vs Gold vs Ethereum (11/25/18)

BITCOIN (Crypto) Disaster Deepens; BITCOIN & ETH Plunge; GOLD Steady

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.

11/25/18 Closing Prices:
Bitcoin: $3,743.52 (-$489.31)
Ether: $108.06 (-$12,21)
Gold: $1,223 (-$3.00)
DJIA: 24,285.95 (-178.74)
S&P 500: 2,632.56 (-17.37)
Nasdaq Comp: 6,938.98 (-33.27)

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, 11/25/2018

  • STOPPED OUT ON BITCOIN & ETH TRADING POSITIONS
  • SOLD BITCOIN $4,281, 11/23/18;  SOLD ETH $124.85, 11/23/18
  • BITCOIN and ETH continue to sink into oblivion. Seems a free fall is under way
  • ETH trades below $100 briefly. BITCOIN heading to $3,000?
  • Why? (see this article on FintekNews). Is there a bottom? Of course there is a bottom, but just where is still in doubt.
  • Today (Sunday) the bottom is obviously closer. Expect nothing but super negative news on the crypto sector the next week or so. Calls for BTC $2,000, $1,000 and even $-0- will be the headlines. Lots of “I told you so’s” will abound.
  • When that happens it WILL be the bottom. Expect a bit more panic
  • Time to buy when there is “blood in the streets” and there is lots of blood.
  • GOLD is super solid. A new long term move seems to have begun
  • Support at $1,195-$1,200……upside target remains $1,350 (yes, $1,350)
  • Still long term bullish on BITCOIN, GOLD and ETH

CURRENT TRADING POSITION:  LONG GOLD



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