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.

1/26/18 Closing Prices:

Bitcoin: $10,925.37 (-$142.61) Gold: $1,350 (+$2) Dow Jones Industrials: 26,616.71 (+223.92) S&P 500: 2,872.87 (+33.62) Nasdaq Composite: 7,505.77 (+94.61)

Trading Summary Notes for Friday, 1/26/2018

• BITCOIN handles the first futures expiration easily. Locks in at $11K
• First futures rollover now complete what is next? Maybe quiet time.
• Bitcoin had one "expert" say bitcoin to triple this year
• Bitcoin had one "expert" say bitcoin will drop 90% this year
• Meaning? NO ONE KNOWS. Let the hype settle down for a while
• GOLD climbs a few dollars on the dollars new weakness. Right at $1,350
• $1,350 is former resistance AND the breakout point. Quiet time for gold too?
• Gold benefiting from lower dollar and inflation worries. DO NOT BE SHORT GOLD!
• Next stop should be $1,395-$1,400
• Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

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

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