The Taylor Report-Bitcoin vs Gold vs Ethereum (6/13/19)


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. 6/13/19 Closing Prices:Bitcoin:  $$8,159.09 (+$156.51) Ether:  $1,342 (+$10.00) Gold:  $26,106.77 (+101.94) DJIA:  26.062.68 (+78.74) S&P 500:  2,891.64 (+11.80) Nasdaq Comp:  7,837.13 (+44.41)Trading Summary Notes for Thursday, 6/13/2019

  • BITCOIN has said ‘good-bye’ to the sub-$8K area. Next move (after it gets through $8,500) is $10,000.
  • It appears obvious that BTC is in the throes of a major (new) move higher. No surpirse if the all time highs are eclipsed. By year end?? Possible and looking likely
  • Of course what’s good for BTC will be good for ETH. A $10K BTC should make a $300 ETH pretty likely as well.
  • That brings us to GOLD. It is also in the beginning of a new major bull market. Years of basing will be in the rear view mirror when GOLD breaks through $1,350
  • A move to $1,400 looking very likely. GOLD is back…..get ready!
  • If you follow us (The Taylor Report) you’re ready. If you want collaboration, read the article on FintekNews

Current trading positions: LONG BITCOIN AND GOLD