Bitcoin Today: more futures
Price
The current market pattern looks like a flag correction of the fall at the beginning of September. Fluctuations in a lateral manner not reaching the upper resistance at 7000 and lower boundary at 5750 shows that the market is in indecisive mode, waiting for new drivers. One of the main latest drivers, the CFTC ETF situation, was postponed until the next year, so, in the current state, we do not observe any factors that could add positivity to the picture and prolonged correctional movement at current levels looks like the best outcome at this point. Large-scale bullish movements on BTCUSD are possible only if the price will manage to break above 7000 level. From the below, the price is supported with 2018 low at 5750.
Today forecast
Today most probable trading diapason: 6450 - 6800.
Latest news
The current market pattern looks like a flag correction of the fall at the beginning of September. Fluctuations in a lateral manner not reaching the upper resistance at 7000 and lower boundary at 5750 shows that the market is in indecisive mode, waiting for new drivers. One of the main latest drivers, the CFTC ETF situation, was postponed until the next year, so, in the current state, we do not observe any factors that could add positivity to the picture and prolonged correctional movement at current levels looks like the best outcome at this point. Large-scale bullish movements on BTCUSD are possible only if the price will manage to break above 7000 level. From the below, the price is supported with 2018 low at 5750.
Today forecast
Today most probable trading diapason: 6450 - 6800.
Latest news
- TD Ameritrade and ErisX will launch deliverable futures for BTC, BCH, LTC, and ETH
One of the biggest American brokers recently Ameritrade reported in its press release about cooperation with ErisX, regulated derivatives stock exchange, which will allow the exchange to launch Bitcoin, Bitcoin Cash, Ethereum and Litecoin deliverable futures.
Representatives of TD Ameritrade note that the company's customers already have access CBOE bitcoin futures. Thanks to a strategic partnership with ErisX, which is also a clearing organization, broker customers will be able to trade futures for Ethereum, Litecoin, and other popular digital currencies.
ErisX regulated exchange plans to launch spot trading in digital assets in the first half of 2019. The ability to trade crypto futures Ameritrade of the underlying asset will be available at the end of next year.
Also, recall that in the spring TD Ameritrade placed its own logo in the form of an ASCII-flag in the Bitcoin blockchain.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.