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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.

8/9/17 Closing Prices:

Bitcoin: $3,261.44 (-$121.36) Gold: $1,276 (+$16.00) Dow Jones Industrials: 22,048.70 (-36.64) S&P 500: 2,474.02 (-0.90) Nasdaq Composite: 6,352.33 (-18.13)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 8/9/2017

• After a SUPER run, bitcoin takes a break. A little pullback is good
• Bitcoin......rinse and repeat........more upside. $5,000? YUP!
• Buy bitcoin on dips, or nibble at offers for aggressive traders. Nervous traders use trailing stops ($200-$250 under buy price?)
• Bitcoin pullback may be because of North Korea "noise". South Korea & Japan BIG bitcoin enthusiasts/traders/users and in NK rocket range. Just thinking
• GOLD big news of the day. Thank North Korea tensions
• Gold looks like a test of $1,300 resistance is coming
• Gold looks GOOD. Buy gold on dips against sell stop at $1,250
• LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions: LONG BITCOIN

Past Market:

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