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.

9/14/17 Closing Prices:

Bitcoin: $3,550.01 (-$239.10) Gold: $1,328 (+$6.00) Dow Jones Industrials: 22,203.48 (+45.30) S&P 500: 2,495.62 (-2.87) Nasdaq Composite: 6,429.08 (-31.10)

Trading Summary Notes for Thursday, 9/14/2017

• BITCOIN......a heard of elephants all trying to get out through a mouse hole
• Momentum and sentiment has turned decidedly negative. Expect further downside
• Shakeout is under way so stay out of the way
• Bitcoin........$2,500-$3,000? Looks like it.
• GOLD retrenching from run up to $1,350 (our target)
• Gold building on gains of the last month or so
• Gold traders can look to buy in the $1,305-$1,310 area
• LONG TERM BULLISH ON BITCOIN & GOLD

C

urrent TRADING Positions: LONG GOLD

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here