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The Taylor Report-Bitcoin vs Gold vs Ethereum (1/21/19)
The Taylor Report-Bitcoin vs Gold vs Ethereum The Taylor Report-Bitcoin vs Gold vs Ethereum (1/21/19) The Taylor Report-Bitcoin vs Gold vs Ethereum (1/21/19) A Sunday "Whack" Job On BITCOIN and ETH; GOLD Gets Hit With Higher Dollar 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. DJIA: 24,706.35 (+336.25) (Friday close – closed Monday) S&P 500: 2,670.71 (+34.75) (Friday close – closed Monday) Nasdaq Comp: 7,157.23 (+0.00) (Friday close – closed Monday) A bit of firming last week, a nice ‘jump’ up on Saturday and then a Sunday “hit job” on BITCOIN and ETH. What? Somebody doesn’t like the “day of rest?” And here we are back at the $3,500 level for BITCOIN and a little over $110 for ETH Obviously the current interest in cryptos is very low and a large buy or sell order will move the market since liquidity is reduced OR, if you are paranoid (like I am) “someone is trying to keep the price of BITCOIN down so as to accumulate at lower prices. (Russians?….lol) So, lets get back to fundamentals (which are strong) and look forward; The longer BTC sits around $3,600 +/- the bigger the up move will be. Think of BITCOIN as a volcano; it is just having a pause in its long term eruption Buying BTC $3,500-$3,700 (traders use stops at $3,250) and add to momentum buying above $4,200 looks like a good strategy. Near term target $6,500 ETH will follow BTC. If BTC goes to $4,200 ETH should see $150. If BTC reaches $6,500 expect ETH to see $200. ETH traders acquiring ‘down’ here should use $105 stops GOLD finally backed off the $1,300 barrier…..for now. Looks like it just got “tired” at the $1,290-$1,295 area and when the dollar ticked up selling came in Since GOLD did not break through, and above, that $1,300 barrier a retrenchment back to $1,255-$1,265 area may happen GOLD is in a new long term bull market so buying the dips is the strategy of 2019 LONG TERM BULLISH ON BITCOIN AND GOLD. NEUTRAL ON ETH Previous articlePerfecting the Bank Through the Precision of AINext articleDon’t Miss the Chalice CommUNITY Tour Presented by Financial Advisor Magazine & FintekNews Bill Taylor block_td_uid_2_5c55a578df6eb.id = "td_uid_2_5c55a578df6eb"; block_td_uid_2_5c55a578df6eb.atts = _post_author":"10"}'; block_td_uid_2_5c55a578df6eb.td_column_number = "3"; block_td_uid_2_5c55a578df6eb.block_type = "td_block_related_posts"; block_td_uid_2_5c55a578df6eb.ajax_pagination_infinite_stop = ""; block_td_uid_2_5c55a578df6eb.max_num_pages = "164"; The Taylor Report-Bitcoin vs Gold vs Ethereum (1/31/19) The Taylor Report-Bitcoin vs Gold vs Ethereum (1/28/19) The Taylor Report-Bitcoin vs Gold vs Ethereum (1/24/19)