Bitcoin Classic Overlay on Futures Contract
With date reference as of June 10-11, 2018 - BTCN2018 July Futures taking the lead then with an opening gap at the 7140 levels; while BTCUSD Classic opened with a premium differential at 7498 have been the basis of a series of lower prices breaking down to where it is currently BTCUSD at 5917, Note, that the two consecutive decline have established a higher degree of volatility with increased volumes and ETHUSD at 417 session recovery from their respective lows were temporary. .
With date reference as of June 10-11, 2018 - BTCN2018 July Futures taking the lead then with an opening gap at the 7140 levels; while BTCUSD Classic opened with a premium differential at 7498 have been the basis of a series of lower prices breaking down to where it is currently BTCUSD at 5917, Note, that the two consecutive decline have established a higher degree of volatility with increased volumes and ETHUSD at 417 session recovery from their respective lows were temporary. .
This follows the recent information shared on how the anticipated lows could well be managed with the July futures Mid-contract as our lead month since its the end of the 2nd quarter. Rolling over for August whenever any sudden changes would occur where the next trading month would move in and build up new volumes moving forward.
Cryptos relative relief pullback; short-lived as it would seem now has continued its decline as BTCUSD marked a session low at 5790, #ETHUSD at 406 levels respectively. Adding to the mix is by tracking the 55.2% heavier weighted Bitcoin variance with G - DLCF over the rest of the pack would be quite ideal which also came from a high at 7.22 as of 6.08 and currently at 5.44 as of 6.28.2018
'Due Diligence' Update on Price Action Analysis both in Cash, Futures and FX related pairs can only derive a better understanding & it's relative importance of keeping a level playing field!
On the other side of the coin, with the expiration and end of the month + the end of the 2nd quarter have brought about some relief recovery with Bitcoin classic rebounding to 6430. A triple digit recovery of 226 may not be sufficient but still is considered an equally good move from its lows.
ReplyDeleteWith that said, taking similar trade shots one trade at a time can add up to recover some previous losses for others taking the beating, but surely adds up to a reasonable amount at the end of each trade total when done right, of course.
So take advantage of what other markets has to offer and not simply letting the market take the best side of investors trade. Being tactical can only help. And again, Yes! encouragement will always be good to boost the morale but finding the 'Solutions / Strategies' that would serve investors interest would be preferred. Take the time to do your 'Due Diligence' as your trading skills can be enhanced over time.
Megatrade101 Due Diligence: A Glimpse on #BITCOIN PRICE ACTION & FX CORRELATION
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