{"id":13503,"date":"2017-11-14T13:29:20","date_gmt":"2017-11-14T21:29:20","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=13503"},"modified":"2018-01-30T05:52:30","modified_gmt":"2018-01-30T13:52:30","slug":"bitcoin-futures-need-know-11-15-2017-2","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/bitcoin-futures-need-know-11-15-2017-2\/","title":{"rendered":"BitCoin Futures, What you need to know…. 11-15-2017"},"content":{"rendered":"

____________________________________________________________________<\/em><\/strong><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/em><\/strong><\/p>\n

____________________________________________________________________<\/em><\/strong><\/p>\n

Dear Traders,<\/p>\n

More BitCoin futures<\/a> information from the CME Group….<\/p>\n

Contract Specifications<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
Contract Unit<\/div>\n<\/td>\n
\n
5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)<\/div>\n<\/td>\n<\/tr>\n
\n
Minimum Price Fluctuation<\/div>\n<\/td>\n
\n
Outright: $5.00 per bitcoin = $25.00 per contract<\/div>\n
Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract<\/div>\n<\/td>\n<\/tr>\n
\n
Trading Hours<\/div>\n<\/td>\n
\n
CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday<\/div>\n
BTIC: 5:00 p.m. – 10:00 a.m. or 11:00 a.m. CT (4:00 p.m. London Time) Sunday – Friday<\/div>\n<\/td>\n<\/tr>\n
\n
Product Code<\/div>\n<\/td>\n
\n
Outright: BTC<\/div>\n
BTIC: BTB<\/div>\n<\/td>\n<\/tr>\n
\n
Listing Cycle<\/div>\n<\/td>\n
\n
Nearest 2 months in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 “serial” months not in the March Quarterly cycle.<\/div>\n
Contract months for initial listing: Dec 2017, Jan 2018, Feb 2018, Mar 2018.<\/div>\n<\/td>\n<\/tr>\n
\n
Termination of Trading<\/div>\n<\/td>\n
\n
Last Day of Trading is the last Friday of contract month.<\/div>\n
Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.<\/div>\n<\/td>\n<\/tr>\n
\n
Position Limits<\/div>\n<\/td>\n
\n
Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined.\u00a0 The reportable level will be 25 contracts.<\/div>\n<\/td>\n<\/tr>\n
\n
Block Minimum<\/div>\n<\/td>\n
\n
5 contracts<\/div>\n<\/td>\n<\/tr>\n
\n
Price Limits<\/div>\n<\/td>\n
\n
Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 4:00 p.m. London time each Business Day.<\/div>\n
Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price.<\/div>\n<\/td>\n<\/tr>\n
\n
Settlement<\/div>\n<\/td>\n
\n
Cash settled by reference to Final Settlement Price, equal to the CME CF Bitcoin Reference Rate (BRR) on Last Day of Trading.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
\n

Subject to all requisite approvals and filings<\/p>\n<\/div>\n<\/div>\n

<\/p>\n

Good Trading!<\/strong><\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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.<\/p>\n

Futures Trading Levels<\/strong><\/p>\n

11-15-2017<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract December 2017<\/td>\n\u00a0SP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nBitCoin Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2602.75<\/td>\n6374.58<\/td>\n23645<\/td>\n1484.80<\/td>\n6993.25<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2592.50<\/td>\n6346.42<\/td>\n23534<\/td>\n1479.60<\/td>\n6869.61<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2584.75<\/td>\n6319.08<\/td>\n23452<\/td>\n1474.70<\/td>\n6745.36<\/td>\n<\/tr>\n
Pivot<\/td>\n2574.50<\/td>\n6290.92<\/td>\n23341<\/td>\n1469.50<\/td>\n6621.72<\/td>\n<\/tr>\n
Support 1<\/td>\n2566.75<\/td>\n6263.58<\/td>\n23259<\/td>\n1464.60<\/td>\n6497.47<\/td>\n<\/tr>\n
Support 2<\/td>\n2556.50<\/td>\n6235.42<\/td>\n23148<\/td>\n1459.40<\/td>\n6373.83<\/td>\n<\/tr>\n
Support 3<\/td>\n2548.75<\/td>\n6208.08<\/td>\n23066<\/td>\n1454.50<\/td>\n6249.58<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDecember Gold<\/td>\nDec. Silver<\/td>\nDec. Crude Oil<\/td>\nDec.\u00a0 Bonds<\/td>\nDec.\u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1300.3<\/td>\n17.36<\/td>\n57.93<\/td>\n153 22\/32<\/td>\n1.2010<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1292.1<\/td>\n17.23<\/td>\n57.35<\/td>\n153 12\/32<\/td>\n1.1918<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1286.2<\/td>\n17.12<\/td>\n56.34<\/td>\n153\u00a0 4\/32<\/td>\n1.1867<\/td>\n<\/tr>\n
Pivot<\/td>\n1278.0<\/td>\n16.99<\/td>\n55.76<\/td>\n152 26\/32<\/td>\n1.1775<\/td>\n<\/tr>\n
Support 1<\/td>\n1272.1<\/td>\n16.89<\/td>\n54.75<\/td>\n152 18\/32<\/td>\n1.1723<\/td>\n<\/tr>\n
Support 2<\/td>\n1263.9<\/td>\n16.76<\/td>\n54.17<\/td>\n152\u00a0 8\/32<\/td>\n1.1631<\/td>\n<\/tr>\n
Support 3<\/td>\n1258.0<\/td>\n16.65<\/td>\n53.16<\/td>\n152<\/td>\n1.1580<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec.\u00a0 Corn<\/td>\nDec. Wheat<\/td>\nJanuary Beans<\/td>\nDec. SoyMeal<\/td>\nDec. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n345.3<\/td>\n436.2<\/td>\n985.00<\/td>\n314.90<\/td>\n3.22<\/td>\n<\/tr>\n
Resistance 2<\/td>\n343.7<\/td>\n432.8<\/td>\n981.25<\/td>\n313.70<\/td>\n3.18<\/td>\n<\/tr>\n
Resistance 1<\/td>\n340.6<\/td>\n430.4<\/td>\n974.50<\/td>\n312.00<\/td>\n3.13<\/td>\n<\/tr>\n
Pivot<\/td>\n338.9<\/td>\n427.1<\/td>\n970.75<\/td>\n310.80<\/td>\n3.10<\/td>\n<\/tr>\n
Support 1<\/td>\n335.8<\/td>\n424.7<\/td>\n964.0<\/td>\n309.1<\/td>\n3.0<\/td>\n<\/tr>\n
Support 2<\/td>\n334.2<\/td>\n421.3<\/td>\n960.25<\/td>\n307.90<\/td>\n3.01<\/td>\n<\/tr>\n
Support 3<\/td>\n331.1<\/td>\n418.9<\/td>\n953.50<\/td>\n306.20<\/td>\n2.96<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co<\/a><\/strong><\/p>\n

\"Economic<\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, More BitCoin futures information from the CME Group…. Contract Specifications Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR) Minimum Price Fluctuation Outright: $5.00 per bitcoin = $25.00 per contract Calendar Spread and Basis Trade at Index […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,67],"tags":[1226,350,144],"class_list":["post-13503","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-future-trading-news","tag-bitcoin-futures","tag-economic-reports","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=13503"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13503\/revisions"}],"predecessor-version":[{"id":13900,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13503\/revisions\/13900"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=13503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=13503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=13503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}