The Taylor Report-Bitcoin vs Gold vs Ethereum (2/14/19)


By Bill Taylor, Contributor/Fintek Capital 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. 2/14/19 Closing Prices:Bitcoin:  $3,567.60 (-$1.12) Ether:  $121.00 (+$0.71) Gold:  $1,312 (+$5.00) DJIA:  25,439.39 (-103.88) S&P 500:  2,745.73 (-7.30) Nasdaq Comp:  7,426.96 (+6.58) Trading Summary Notes for Thursday, 2/14/2019

  • Where has the BITCOIN (crypto) trading gone? Obviously elsewhere, at least for now. In actuality, ALL markets are fairly dull so its not just the crypto sector
  • BITCOIN and ETH seem to be “sold out” and waiting for a reason to begin a new move to the upside. Institutional “players” are ready, willing and able to begin aggressively investing, but still waiting for regulatory certainty (hello SEC). If you know when, call me…..please
  • In the meantime, being long BTC and ETH would seem an acceptable risk. When a new move begins it will be explosive and very hard to chase. Nobody likes to chase.
  • So, lets just say, $3,400 +/- for BTC and $105 +/_ for ETH is VERY attractive long term entry point
  • Probably NOT the time to be short cryptos. Upside spikes can be very hazardous to your trading account
  • GOLD extremely solid and in a long term new bull run. Nice to see my call for the last several months is working. The $1,200 area WAS the bottom
  • Once again, buying the dips in GOLD is the strategy of 2019. Near term target is $1,400
  • LONG TERM BULLISH ON BITCOIN, ETH AND GOLD    (turned bullish on ETH today)

Current trading positions; LONG BITCOIN, ETH AND GOLD

Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor