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.

8/30/17 Closing Prices:

Bitcoin: $4,561.98 (-$11.76) Gold: $1,308 (-$1.00) Dow Jones Industrials: 21,892.43 (+27.06) S&P 500: 2,457.59 (+11.29) Nasdaq Composite: 6,368.31 (+66.42)

Trading Summary Notes for Wednesday, 8/30/2017

• Bitcoin running out of steam? Or pausing? Hmmmmm!
• Bitcoin traders may want to place some sell stops. Profits are soooooo cool
• Gold consolidating above $1,300 after run up
• Gold looks good and upside target of $1,350 achievable
• Traders can buy GOLD with sell stops at $1,290-$1,295
• 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

See other content on bitcoin & digital currencies here