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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.

8/21/17 Closing Prices:

Bitcoin: $4,001.44 (-$248.97) Gold: $1,292 (+$5.00) Dow Jones Industrials: 21,703.75 (+29.24) S&P 500: 2,428.37 (+2.82) Nasdaq Composite: 6,213.13 (-3.40)

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

Trading Summary Notes for Monday, 8/21/2017

• Bitcoin sells off blaming lack of buyers who went to watch eclipse of sun (lol)
• Gold rallies closer to $1,300 citing lack of sellers who went to watch eclipse of sun (lol)
• Bitcoin digesting gains of last few weeks. $5,000 still in sight
• Bitcoin "dip buyers" can look for $3,700-$3,800
• Bitcoin’s momentum is still UP UP UP
• Gold looks ready to explode and go right through resistance at $1,300
• Gold gaining upside momentum. Upside target $1,350
• Traders can buy gold on dips against sell stop at $1,250
• LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions: LONG BITCOIN & LONG GOLD

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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