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.

10/18/17 Closing Prices:

Bitcoin: $5,174.71 (-$428.01) Gold: $1,281 (-$5) Dow Jones Industrials: 23,157.60 (+160.16) S&P500: 2,561.26 (+1.90) Nasdaq Composite: 6,624.22 (+0.50)

Trading Summary Notes for Wednesday, 10/18/2017

• BITCOIN falls farther from the highs. Equity markets UP, bitcoin DOWN????
• Is bitcoin a "risk off" trade to equities? NO! Just normal profit taking from big run up
• May have more downside to go with a test of $5,000. Stay tuned
• GOLD eases a bit lower. Moving back toward $1,250
• May test the $1,250-$1,255 area. Lets be a buyer in that area
• LONG TERM BULLISH ON BITCOIN AND GOLD

C

urrent TRADING Positions: NO current TRADING positions

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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