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. 6/20/19 Closing Prices:Bitcoin: $9,338.80 (+$236.51) Ether: $268.91 (+$3.08) Gold: $1,390 (+$-45) DJIA: 26,753.17 (+249.17) S&P 500: 2,954.18 (+27.72) Nasdaq Comp: 8,051.34 (+64.02)Trading Summary Notes for Thursday, 6/20/2019
- BITCOIN finished a few days of basing around $9,000 and now moving higher. Don’t be surprised (I won’t) if BTC goes right through that $10k round number
- This is a VERY powerful move up. There is a strong chance that BITCOIN may rocket up to the old all time highs ($20,000) faster than anyone thinks
- FOMO 2.0. This move in BTC is NOT going to give you opportunities to buy deep dips.
- Next expected near term price target…..$15,000
- ETH is not keeping pace with BITCOIN. Should be higher……its not so far
- Obviously ETH is cheaper so takes less capital to “play,” but it will lag
- GOLD.…..oh wow! Like I have ‘preached’ for months, it looked like BITCOIN before it took off. You are either ‘in’ or you’re not
- Don’t be caught short (or out of the market). GOLD, even with is bigger market cap can explode up just like BTC (fyi….from Mondays Taylor Report)
- Been calling for $1,400…..its here. Now what? New price target $1,650-$1,700 AFTER breaking and “dancing” around $1,400 for a bit
- BITCOIN, GOLD and even ETH are in a new kind of up market. Powerful
Current trading positions: LONG BITCOIN AND GOLD
