FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

2/16/18 Closing Prices:

Bitcoin: $10,080.22 (+$238) Gold: $1,349 (-$4) Dow Jones Industrials: 25,219.38 (+19.08) S&P 500: 2,732.22 (+1.02) Nasdaq Composite: 7,239.46 (-16.97)

Trading Summary Notes for Friday, 2/16/2018

• BITCOIN settles above $10K in quiet trade ahead of U.S three day weekend
• Closing above $10K for a few days will bring in new buying. $12k-$13k would be next target
• Volatility is decreasing (for now). Bitcoin traders should always use stops
• GOLD eases back slightly to under $1,350
• Weak dollar and inflation pickup very bullish for gold
• BOTH Bitcoin & Gold have a nice solid week (from last Friday's settlement)
• Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

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