The Taylor Report-Bitcoin vs Gold vs Ethereum (11/27/18)

BITCOIN Dips A Little Lower, ETH Does Too; GOLD Drops Slightly On USD Strength

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.

11/27/18 Closing Prices:
Bitcoin: $33,664.40 (-$65.03)
Ether: $103.27 (-$4.17)
Gold: $1,215 (-$5.00)
DJIA: 24,748.73 (+108.49)
S&P 500: 2,682.20 (+8.75)
Nasdaq Comp: 7,082.70 (+0.85)

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 Tuesday, 11/27/2018

  • The slide (crash) in BITCOIN, ETH and “friends” continued, BUT at a much slower pace. Is this the bottom? Maybe, but certainly its closer than yesterday
  • REMINDER; Amazon lost 95% of it value over a year and a half (1999-2001). So, wish you had bought Amazon then?
  • When the headlines start screaming BITCOIN $2,000 or $1,500 or $0 and commentators bring guests on to say the crypto craze is done……….just remember Amazon
  • So, a little more “panic” may be around the corner, BUT; BTC at $3,000 with sell stops around $2,500???  ETH at $100-$105 with sell stops around $90-$95???
  • BITCOIN and ETH risk reward (long term…..NOT next week) seem quite positive
  • A little dollar strength takes GOLD down slightly. Buying dips in GOLD is still the play
  • 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


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