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.
3/22/18 Closing Prices:
Bitcoin: $8,565.83 (-$552.69) Gold: $1,329 (-$5) Dow Jones Industrials: 23,957.89 (724.42) S&P 500: 2,643.69 (-68.24) Nasdaq Composite: 7,166.68 (-178.61)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 3/22/2018
- BITCOIN takes yesterday back. Drops back below $9K
- Positive bitcoin news of last few days not enough to hold recent gains
- Maybe a little "risk off" trade? Bitcoin sort of stuck in tight range $7,500-$9,000
- Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
- GOLD gives back just a bit after huge jump yesterday
- Gold in trading range of $1,310-$1,345. Looking for upside breakout
- Looking for move to $1,390-$1,400. Don’t be short gold
- Inflation still being under estimated which is bullish for gold
- Top 2018 “HOT” picks……… long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long GOLD
