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.
4/13/18 Closing Prices:
Bitcoin: $8,098.23 (+418.93) Gold: $1,345 (+$10) Dow Jones Industrials: 24,360.14 (-122.91) S&P 500: 2,656.30 (+7.69) Nasdaq Composite: 7,106.65 (-33.60)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 4/13/2018
- BITCOIN tax selling abates, strong new bitcoin bulls step in
- After watching bitcoin get hit with tax selling, BIG names like Soros, Rockefeller step in to put positive tone to bitcoin
- Bitcoin hype and frenzy dormant. That's good news. A stealth upward move is under way
- Momentum very strong and breaking out to the upside………$9,000 next resistance
- Long term (4th quarter) target $30,000-$35,000
- GOLD pivots right around after yesterday's sharp selloff and climbs higher
- Resistance in the $1,350-$1,355 area looks to be penetrated
- Needs a sold close ABOVE $1,355 to confirm breakout
- Again, still looking for move to $1,390-$1,400. Don’t be short gold
- 2018 TOP PICKS……LONG BITCOIN AND GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
