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.

10/11/17 Closing Prices:

Bitcoin: $4,776.63 (-$38.48) Gold: $1,293 (+$5.00) Dow Jones Industrials: 22,872.89 (+42.21) S&P500: 2,555.24 (+4.60) Nasdaq Composite: ,603.55 (+16.30)

Trading Summary Notes for Wednesday, 10/11/2017

• BITCOIN backs off just a wee bit. A restful pause
• Catching its breath to move to new highs.......very shortly
• Momentum is building
• After $5,000 the next stop will be $5,900-$6,000
• GOLD not backing away from $1,300. Looks like a move higher
• Buy stops just over $1,300 ($1,305-$1,310) for breakout
• After $1,300..........$1,350

C

urrent TRADING Positions: LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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