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.

2/28/18 Closing Prices:

Bitcoin: $10,527.28 (-$26.47) Gold: $1,318 (-$0-) Dow Jones Industrials: 25,029.20 (-380.83) S&P 500: 2,713.83 (-30.45) Nasdaq Composite: 7,273.01 (-57.35)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 2/28/2018

• BITCOIN stalled in the $10,500 area. Uncertainty on direction right now
• South Korea, which is a huge bitcoin trading mecca, reviewing regulatory stance
• Holding above $10K for a few days should be a very good sign
• Buying bitcoin $10K-$10,500K with stops below $10K may be a good trade
• GOLD stalled and unchanged in listless trade
• Gold worries on interest rates overblown. Inflation is threat real
• Look to $1,305-$1,310 for support.
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries