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.

9/5/17 Closing Prices:

Bitcoin: $4,380.05 (+$21.85) Gold: $1,342 (+$8.00) Dow Jones Industrials: 21,753.31 (-234.25) S&P 500: 2,457.85 (-18.70) Nasdaq Composite: 6,375.57 (-59.76)

Trading Summary Notes for Tuesday, 9/5/2017

• BITCOIN (all cryptos) hit hard over the weekend with China banning ICO's
• $5,000 reached, touched and celebrated. Top for now? Too soon to tell
• Bitcoin needs to settle down and firm up. Maybe a little more weakness before resuming long term up trend.
• Buy the bitcoin dips. $4,100-$4,200? Good place.
• GOLD extremely strong. Looks like interest rates may NOT be raised in December
• Gold very under owned with demand picking up. Geopolitical events helping.
• GOLD upside target of $1,350. That's for short term traders and may be low
• LONG TERM BULLISH ON BITCOIN & GOLD

C

urrent TRADING Positions: LONG GOLD

Past Market

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