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.

1/29/18 Closing Prices:

Bitcoin: $11,105.09 (+$179.72) (from Friday's close) Gold: $1,341 (-$9) (from Friday's close) Dow Jones Industrials: 26,439.48 (-177.23) S&P 500: 2,853.53 (-19.14) Nasdaq Composite: 7,466.50 (-39.27)

Trading Summary Notes for Monday, 1/29/2018

• BITCOIN futures "survived" first expiration and "rollover" last Friday
• Has stability settled in for bitcoin? Don't count on it. Just a quiet time.....for now
• Looks like the $11K +/- area may be here for a while. Let the hype settle down
• GOLD drops back down under the $1,350 support/resistance area
• Momentum still strong to the upside. Next stop should be $1,395-$1,400
• Inflation fears/worries WILL trump interest rate fears/worries
• Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

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