The Taylor Report-Bitcoin vs Gold vs Ethereum (3/11/19)

BITCOIN Drifts Lower After The Weekend

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.

3/11/19 Closing Prices:

Bitcoin:  $3,838.70 (-$54.41)
Ether:  $131.82 (-$3.62)
Gold:  $1,294 (-$3.00)
DJIA:  25,650.88 (+200.64)
S&P 500:  2,783.30 (+40.23)
Nasdaq Comp:  7,558.06 (+149.92)

Trading Summary Notes for Monday, 3/11/2019

  • Very VERY quiet trade for BITCOIN.  After a close slightly above $3,900 over the weekend, BTC drifted lower today (Monday) for no real reason
  • To be perfectly straight; right now there is no real reason to be excited about BITCOIN
  • ETH gave up a few dollars too. No excitement there either
  • Without fresh new exciting news (oh there will be more coming……soon) trading BTC or ETH will be muted
  • GOLD perking back up toward the $1,300 round number again. Nothing wrong with GOLD. Buy the dips
  • Copying from Friday’s Taylor Report;  To put numbers on it; BITCOIN firm at $3,800+/-, ETH $130+/- and GOLD $1,280+/-
  • Near term targets;  BITCOIN $4,500, ETH $150 and GOLD $1,400
  • LONG TERM BULLISH ON BITCOIN, ETH AND GOLD 

Current trading positions; LONG BITCOIN, ETH AND GOLD



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