The Taylor Report-Bitcoin vs Gold vs Ethereum (6/20/19)

178


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