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.
1/25/18 Closing Prices:
Bitcoin: $11,067.98 (-$130.14) Gold: $1,348 (-$10) Dow Jones Industrials: 26,392.79 (+140.67) S&P 500: 2,839.25 (+1.71) Nasdaq Composite: 7,411.16 (-3.89)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 1/25/2018
- BITCOIN volatility drops as first CME Group futures expire. Futures DO matter
- CME bitcoin futures expire tomorrow. Rolling over may explain the stability
- Lets wait to see how the first expiration of bitcoin futures plays out
- GOLD drops back under the previous resistance area.....$1,350
- Dollar strength on political comments hit gold
- Gold upside momentum still strong. Borrowing bitcoin's volatility?
- 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 Read our PRIOR daily commentaries