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.

10/17/17 Closing Prices:

Bitcoin: $5,602.72 (-$84.30) Gold: $1,286 (-$8) Dow Jones Industrials: 22,997.44 (+40.48) S&P500: 2,,559.36 (+1.72) Nasdaq Composite: 6,623.66 (+0.35)

Trading Summary Notes for Tuesday, 10/17/2017

• BITCOIN still digesting last week's big gains. Taking a break
• Settling down slightly after last weeks HUGE spike not unexpected
• We expected the softness and retrenchment…………now what??
• Traders (if out) can place buy stops just over $6,000 for next momentum move
• Long term bitcoin goes much higher.
• GOLD struggling. Drifting away form $1,300....again
• May test the $1,250-$1,255 area. Lets be a buyer in that area
• LONG TERM BULLISH ON BITCOIN AND GOLD

C

urrent TRADING Positions: NO current TRADING positions

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here