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.
10/6/17 Closing Prices:
Bitcoin: $4,373.78 (+$68.42) Gold: $1,274 (+$5.00) Dow Jones Industrials: 22,773.67 (-1.72) S&P500: 2,549.33 (-2.74) Nasdaq Composite: 6,590.18 (+4.82)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 10/6/2017
- BITCOIN works its way higher in quiet trade
- Volatility in bitcoin has slowed recently. Working its way through resistance at $4,400-$4,500
- $6,000? Well, first $4,500 and then $5,000. THEN $6,000
- Momentum building, BUT always use trading stops
- GOLD sells off in the morning than turns around to close higher
- GOLD touches $1,260.......the top of our buying area ($1,250-$1,260)
- Should have support in the $1,250 area
- Has gold turned UP? Good reversal this morning. Lets see
- Raising trading buy area to $1,260- $1,265 for a buying opportunity
Past Market
