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. 3/25/19 Closing Prices:Bitcoin: $3,961.05 (-$9.94) Ether: $134.08 (-$1.65) Gold: $1,322 (+$8.00) DJIA: 25,516.83 (+14.51) S&P 500: 2,798.36 (-2.35) Nasdaq Comp: 7,637.54 (-5.13) Trading Summary Notes for Monday, 3/25/2019
- BITCOIN and ETH drifting around in extremely quiet trading. Interest is very subdued
- BTC stalls at the $4,000 wall, then backs off a little. News that almost 95% of BITCOIN trading on unregulated exchanges is fictitious is a negative. Crack down coming?
- End of the first quarter may bring in some BITCOIN and ETH weakness as positions (both winners and losers) are reduced
- What can you say. GOLD, GOLD GOLD. A new bull market has begun
- Stay the bullish course. BITCOIN target $4,500; ETH target $150; GOLD $1,400
- LONG TERM BULLISH ON BITCOIN, ETH AND GOLD
Current trading positions; LONG BITCOIN, ETH AND GOLD
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor
