BITCOIN Futures Series Pattern Leads to Break-Down

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. .

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

Market Update  

'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! 

#BITCOIN Price Sensitivity Remains

In spite of the recent price stability towards its recovery Bitcoin's vulnerability to fundamentals surrounding exchanges and regulations it now boils down more towards the sense of  SECURITY and CONFIDENCE.

Especially with what transpired in Japan's Bitcoin heist which have turned into stricter enforcement with regulators. Although the mere fact that ongoing talks of regulation among exchanges and trading platforms can only be good overtime as the eventual impact of the industry has already made its mark and usefulness across other industry players.

Yahoo Finance Resource: Bitcoin Drops Below 9000 Mark

It would just be a matter of time until these 'Clouds of Uncertainty' would clear out for Bitcoin and its relative Blockchain technology's by-products would sit on their respective places. Besides we are gathering so much big data that we would be able to use well for future reference when called for. So far the ups and downs on price swings have been quite orderly in spite of a wider drawdown below 9k mark has led other speculative traders to rush towards futures to hedge their Bitcoin holdings at this time.

Although, classic traders and investors find it difficult to do so as others may have a far better tolerance levels than those who only trades for speculative purposes. Note, that it took a month to move back below this levels and for bitcoin to do is a good sign of market stability among participants.

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