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. 3/18/19 Closing Prices:Bitcoin: $3,964.35 (-$6.53) Ether: $136.89 (-$1.83) Gold: $1,303 (+$1.00) DJIA: 25,914.10 (+65.23) S&P 500: 2,832.94 (+10.46) Nasdaq Comp: 7,714.48 (+25.95) Trading Summary Notes for Monday, 3/18/2019
- After a nice weekend “pop” to visit $4,000, BITCOIN eased off slightly
- Don’t be fooled. BITCOIN is going through that “magic” $4,000 and the next test is $4,500
- The fact that the Cboe is giving up on it’s futures contracts is, in fact, bullish. When people give up for lack of interest…….you SHOULD be interested
- ETH will, of course, tag right along behind BTC. Look for $150 when BITCOIN goes through $4,000
- GOLD continues to consolidate around $1,300
- The yellow metal is heading for $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
