WE HOPE YOU ENJOY OUR NEW FORMAT FOR THE TAYOR REPORT – BITCOIN VS GOLD VS ETHEREUM, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!
By Bill Taylor, Contributor
We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.
7/23/18 Closing Prices:
Bitcoin: $7,704.18 (+$233.49) (from Friday's close) Ethereum: $461.04 (-$2.16) (from Friday's close) Gold: $1,225 (-$5) (from Friday's close) Dow Jones Industrials: 25,044.29 (-13.83) S&P 500: 2,806.98 (+5.15) Nasdaq Composite: 7,841.87 (+21.67)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time IndexTrading Summary Notes for Monday, 7/23/2018
- BITCOIN doesn't break last weeks stride......continues upward momentum
- BITCOIN is the crypto market leader
- Next stop for BITCOIN $9,500-$10,000? Momentum looks good
- ETHEREUM falters and can't match BITCOIN's strength
- GOLD sells off a little on slight rise in interest rates
- Geopolitical events, inflation and currency risks being ignored by gold market. That won't last and don't be caught short
- Risk/reward in GOLD………..risking $20 (down to $1,200) to make $200 ($14,000 target)
CURRENT TRADING POSITION:
LONG BITCOIN AND GOLD
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews