The Taylor Report-Bitcoin vs Gold vs Ethereum (3/18/19)

BITCOIN, ETH Soften Slightly After Weekend "Pop"

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.

3/18/19 Closing Prices:

Bitcoin:  $3,964.35 (-$6.53)
Ether:  $136.89 (-$1.83)
Gold:  $1,303 (+$1.00)
DJIA:  25,914.10 (+65.23)
S&P 500:  2,832.94 (+10.46)
Nasdaq Comp:  7,714.48 (+25.95)

Trading Summary Notes for Monday, 3/18/2019

  • After a nice weekend “pop” to visit $4,000, BITCOIN eased off slightly
  • Don’t be fooled. BITCOIN is going through that “magic” $4,000 and the next test is $4,500
  • The fact that the Cboe is giving up on it’s futures contracts is, in fact, bullish. When people give up for lack of interest…….you SHOULD be interested
  • ETH will, of course, tag right along behind BTC. Look for $150 when BITCOIN goes through $4,000
  • GOLD continues to consolidate around $1,300
  • The yellow metal is heading for $1,400

Current trading positions; LONG BITCOIN, ETH AND GOLD

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