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.
2/21/18 Closing Prices:
Bitcoin: $10,568.12 (-$891.46) Gold: $1,324 (-$6) Dow Jones Industrials: 24,797.78 (-166.97) S&P 500: 2,701.33 (-14.93) Nasdaq Composite: 7,218.23 (-16.08)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 2/21/2018
- BITCOIN stalled above $11K after nice run up. Settle back down under $11k
- SOLD SHORT TERM TRADING POSITION AT $10,725 (love profits)
- Bitcoin did not reach our target of $12,500-$13,000. Rolled over after big rally
- Is bitcoin following equity markets again? Hope not but might be in the short term
- Closing under $10K would be.....concerning
- GOLD continues softening. Still backing away from the $1,250 resistance area
- Looks like a re-test of $1,310-$1,315. Its a good buy/entry point
- Longer term inflation fears will trump potential higher rates
- Top 2018 “HOT” picks……… long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long GOLD
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