Category Archives: Bitcoin Futures

Spotlight on the Fed / Economy & Futures Support and Resistance Levels 12.16.2021

December 15th, 2021 Filed under Bitcoin Futures, Future Trading News | Comment (0)

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Spotlight on the Fed / Economy

By Mark O’Brien, Senior Broker

Right up to yesterday’s Producer Price Index, the U.S. economy has posted inflation measurements not seen in four decades. And yet, stocks and bonds continue to rally (the latter an inverse relationship to interest rates) and gold and silver remain under pressure.

Reading into this, from the Fed.’s standpoint (and they look at numerous other data points to guide their policy), they have felt they can remain cautious in their stance on raising interest rates – at least until pandemic-related influences on the economy abate (think supply chain shortages and resulting higher demand and prices for goods). With that said, the thinking on rate policy has indeed begun to stir. The argument that inflation is mostly transitory has been challenged – by rising wages and pretty resilient energy prices – a category traditionally kept outside core inflation measurements. It seems the last several FOMC meetings have been deemed the defining moment for the Fed. and their stance for the future of the U.S. economy. Stay tuned.

Would you like to trade futures using MT5? if so, click here!

Introducing Micro Ether Futures

At 1/10 the size of one ether, Micro Ether futures (MET) provides a precision, efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies in the world by market capitalization.

Features & Benefits
Fine-tune your Ether exposure
Enjoy price discovery on a regulated exchange
Lower margin
Diversify your portfolio

Practice in Demo / Test Account

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

12-16-2021

Futures Trading Support and Resistance Levels 12.15.2021

Economic Reports, Source:

https://bettertrader.co/

BetterTrader Economic Reports 12.16.2021

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Suggestions to Help you Trade FOMC Tomorrow; Introducing Mini Ether & Support and Resistance Levels 12.15.2021

December 14th, 2021 Filed under Bitcoin Futures, Future Trading News, Futures Trading | Comment (0)

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FOMC Statement tomorrow:

The following was written by my colleague, John Thorpe, an ex floor broker and a Senior Broker with Cannon Trading:

Since the depths of the pandemic, the Fed has been buying U.S. Treasuries and agency mortgage-backed securities in the open to signal its commitment to easy money policies. The Feds balance sheet has more than doubled during the Pandemic, from just under 4 trillion to nearly 9 trillion U.S. dollars. At the November Fed meeting , the governors had for the first time admitted that inflation may not be “transitory” and charted a path to “gradually” taper purchases with a target of mid 2022 to wind down the necessary taper .“If the market perceives that the Fed is behind the curve in controlling inflation, it would lead to higher inflation expectations and long-term interest rate hikes, potentially weakening the dollar and pressuring asset values,” said Madhavi Bokil, senior vice president at Moody’s Investors Service. In lieu of a gaudy CPI number recently at 6.8 and PPI increased by the largest amount in recorded economic history.

The market is looking for the Fed to acknowledge the existence of inflation in clearer terms than the November statement and the need to decelerate asset purchases and accelerating the “Taper” in an attempt to prevent a flat yield curve between the 2 yr and 10 yr notes. If this portion of the yield curve flattens or turns negative, this typically signals a recession. It has narrowed in recent weeks to a spread of only .75. This meeting is a very important one and so far this week, the equity markets are reacting to a potential need to accelerate the taper, an admission by the FED that they may be nervous about their inability to control inflation and an impending recession.

The following are my PERSONAL suggestions on trading during FOMC days:

· Reduce trading size

· Be extra picky = no trade is better than a bad trade

· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

· Expect the higher volatility during and right after the announcement

· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

· Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

· Know what the market was expecting, learn what came out and observe market reaction for clues

· Be patient and be disciplined

· If in doubt, stay out!!

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Introducing Micro Ether Futures

Features & Benefits
Fine-tune your Ether exposure
Enjoy price discovery on a regulated exchange
Lower margin
Diversify your portfolio

Practice in Demo / Test Account

Futures Trading Levels

12-15-2021

Economic Reports, Source:

https://bettertrader.co/

NEW Micro Ethereum Futures & Futures Support and Resistance Levels 12.07.2021

December 6th, 2021 Filed under Bitcoin Futures, Future Trading News | Comment (0)

Dear Futures Trader,

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A note about MICRO Ethereum by John Thorpe, Senior Broker:

Today, the CME has launched a new Cryptocurrency futures contract.

We currently have Bitcoin, Ethereum, Micro Bitcoin and Now Micro Ethereum futures.

The New Micro Ether contract is 1/10th the size of the full-sized Ethereum futures contract.

The current price for the full-sized is $4160.00 per contract, so it follows that the micro, full contract value is 416.00. ( as of Dec. 6th noon central)

This contract will trade the first 6 months consecutively, on it’s first day today , trades have occurred in the first two months, Dec and Jan 22 respectively

METZ21, and METF22

The margin would be 416..

Last week I registered for a CoinDesk/CME webinar that some of you may have seen. I invite you to watch the replay where the viability of not only crypto’s but also new futures launches now and in the future are discussed in addition to a look forward at the end of the webinar.

Agenda | What’s next for crypto derivatives? (coindesk.com)

Enjoy and make it a profitable week.

Good Trading

Futures Trading Levels

12-07-2021

Economic Reports, source:

https://bettertrader.co/

Micro Bitcoin Futures

September 24th, 2021 Filed under Bitcoin Futures, Futures Trading, futures trading education | Comment (0)

Micro Bitcoin Futures

Cryptocurrency has taken off as an encrypted alternative to real spending money, giving people more options for doing business. Bitcoin is one of the leading cryptocurrencies on the market, especially after it boomed in 2017. Nowadays, many websites accept Bitcoin payments, which has helped the cryptocurrency market grow significantly. Micro Bitcoin futures have also made a significant impact on the futures trading industry.

Now, many brokers offer futures for Bitcoin and other types of cryptocurrency. It is easier than ever to trade shares of these types of currency, and traders of all experience levels can trade practically anytime and anywhere.

Keep in mind that before you start trading Bitcoin/ Micro Bitcoin and other crypto futures you will need to acknowledge additional risk disclosures on top of the standard futures disclosures.

One of the most convenient ways for traders to get the results from cryptocurrency is by trading micro futures. Recently, the CME Group announced new Micro Bitcoin futures, which have revolutionized futures trading. Now, for 1/10 the cost of the average Bitcoin share, a trader can purchase shares of this new type of future.

About Our Team

Cannon Trading has the tools traders need to begin trading cryptocurrency futures. We have various platforms that meet all needs, allowing traders to trade what they want when they want them.

Our experienced brokers are here to help traders of all levels through the process. We specialize in developing innovative platforms that help traders navigate the market.

Whether a trader is part of a professional trading organization or participating in day trading, our brokers can help. We work with clients from various backgrounds, providing everything from multilingual trading services to broker-assisted trading. If a trader is interested in our services, our customer support team of qualified brokers would be happy to help.

About Micro Bitcoin Futures

Micro Bitcoin Futures and Bitcoin Futures are both offered by CME to traders around the world. These contracts vary in size, depending on whether a client pursues a regular Bitcoin future or a Micro Bitcoin future.

Micro Bitcoin Futures allow traders to access Bitcoin Futures for a tenth of the cost of a regular Bitcoin future. Both types of contracts make it easy to get into the Bitcoin market, allowing clients to get the most out of their trading process.

Trading Micro Bitcoin Futures

The CME Group launched Micro Bitcoin Futures in May of 2021 and it has been a successful contract from the start. With Bitcoin rising in prominence worldwide, it is easy to see why this type of futures contract appears to be here to stay.

Bitcoin futures trading has been prominent since 2017 when the CME Group introduced it. Micro futures allow traders to speculate and hedge using 1/10th the size of a single coin of this iconic cryptocurrency. With Bitcoin still dominating the cryptocurrency industry, it is easy to see why many traders prefer the Micro futures over the traditional larger Bitcoin futures as the good faith deposit required is 1/10th of that of the standard Bitcoin contract.

While the new Micro Bitcoin Futures provide a value of 1/10 of a Bitcoin, these contracts are 1/50th the good faith deposit required of a traditional Bitcoin contract. This lower margin requirement allows traders to access more futures, giving them greater control of how much they can invest.

The versatility of the market, along with the lower capital involved, helps more traders access this type of future. It is for this reason that Micro Bitcoin Futures are popular with both active traders and cryptocurrency users.

Benefits of Micro Bitcoin Futures

There are many benefits involved in trading Micro Bitcoin Futures, which can help traders who have just started participating in the market.

Micro Bitcoin futures allow traders to take advantage of the many benefits of Bitcoin futures without investing as much. The CME Group saw the need for a minor Bitcoin futures contract, especially since the traditional contract was worth 5 Bitcoin.

More people could participate in cryptocurrency futures trading by creating this new, minor contract, which helped liquidity.

The institutional volume for Micro Bitcoin Futures has allowed the market to reach over a million contracts in just a short period. While this type of trading launched in the summer of 2021, it has become a popular choice, even seeming to outpace the traditional Bitcoin futures market.

Here are just a few of the benefits traders can expect when utilizing Micro Bitcoin Futures:

Smaller capital investment
Reasonable bid offer spreads
Lower entry price
Regulated financial products
More accessible to more traders
And more

The team here at Cannon Trading can help traders understand this type future, allowing them to get the most out of their opportunities. We understand that our traders have varying needs, which has led us to develop innovative solutions and platforms to achieve them.

Our team wants to help people get the most out of their Micro Bitcoin futures, which is why we have a dedicated group of brokers ready to assist our traders.

We also have platforms for various needs and trading opportunities, from mobile platforms to desktop applications. Our products were designed with traders in mind, giving people the functionality to access the market.

Impact of Micro Bitcoin Futures

While Micro Bitcoin Futures are relatively new to the market, they have made a significant impact on trading as a whole. This type of contract allows traders to explore the cryptocurrency futures market without spending as much capital as a traditional contract would require or coin in the Cash marketplace..

We understand that new traders may have a lot of questions regarding this type of cryptocurrency futures trading venue. There are risks involved in trading futures and even greater risks when trading Bitcoin and MICRO bitcoin futures. Our team is here to help field any questions a person might have regarding the trading process as a whole. Cannon Trading makes it easy to navigate the market, as we provide cutting-edge platforms that simplify the trading process.

Our brokers have been assisting traders since 1988, which has allowed Cannon Trading to become a leading name in the futures trading business. We opened our online trading service in 1998, which allowed more traders than ever to participate in the market. Over 20 years later, traders have continually recognized us as one of the leading brokerage services.

How Cannon Trading Can Help Micro Bitcoin Futures Traders 

At Cannon Trading, we have the tools traders need to make informed decisions before investing in the futures market. 

We provide access to cutting-edge software and programs that put our traders at the forefront of the industry.

Cannon Trading’s experienced brokers can help clients learn more about oil futures, offering insight into the overall market, as well. 

We work with traders from many different backgrounds, including:

Broker-assisted traders
Day traders 
Diversified traders
Institutions 
Professional traders
And more

Whether you’re a beginning trader or an experienced one, our brokers can help you navigate the market. We have direct experience with the market so that we can help our clients best navigate the market. 

We also provide them with the tools to make the most of markets and manage risk during volatile times.

Contact Cannon Trading

Our professional commodities brokers will work with you to understand your specific trading style and requirements and provide you the essential advice and information you need to thrive in this highly lucrative market.

As an example, Cannon Trading’s Broker-assisted Trading solution provides traders new to the field with the essential advice and tools they need to accelerate their understanding of some of the mechanisms that affect prices in any futures contract market.

Contact us today to learn more about commodities trading and information on futures options and other listed commodity contracts.

Disclaimer

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve a substantial risk of loss and are not suitable for all investors. 

Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you regarding your circumstances, knowledge, and financial resources.

You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Bitcoin Chart Review and Highlight & Support and Resistance Levels 5.19.2021

May 18th, 2021 Filed under Bitcoin Futures | Comment (0)

Dear Traders,

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With recent correction in Bitcoin, I am sharing the daily chart for your review below along with some levels to watch – notice the recent low and the FIB levels…..

41980 followed by 36760 sticks out as major support.

46650 will act as first resistance.

Good Trading

Futures Trading Levels

5-19-2021

Category Archives: Bitcoin Futures