{"id":13648,"date":"2017-12-07T08:20:17","date_gmt":"2017-12-07T16:20:17","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=13648"},"modified":"2018-01-30T05:57:03","modified_gmt":"2018-01-30T13:57:03","slug":"bitocin-futures-l-futures-trading-levels-12-07-2017","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/bitocin-futures-l-futures-trading-levels-12-07-2017\/","title":{"rendered":"More on bitcoin futures! and Futures Trading levels for 12.07.2017"},"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

TRADE SMART \/\u00a0BASE TRADING\u00a0ON ACTUALS ONLY<\/a>\u00a0— for the\u00a0 current rankings<\/a>\u00a0 as\u00a0well as\u00a0actual performance\u00a0of trading systems traded at Cannon\u00a0click here<\/a>\u00a0.<\/p>\n

Cannon Trading Co, Inc.<\/a>\u00a0is\u00a0registered with the CFTC and a member of the NFA.\u00a0<\/strong><\/p>\n

Last but not least…Bitcoin futures updates<\/strong><\/p>\n

CBOE to launch bitcoin futures on Dec. 10th. This will be the “mini” contract, controlling one bitcoin. We will offer access via most platforms hopefully as early as Monday Dec. 11th pending successful testing.<\/p>\n

CME will launch its bitcoin contract on Dec. 17th ( Sunday night). This contract will control 5 bitcoins. Currently margin for large contract set approx. at $20k and for the mini at $5k.<\/p>\n

I would highly recommend to use patience and observe trading, liquidity, bid-ask spread and more for a few days before jumping in, especially if you are on the “greener side of futures” or not well capitalized. We are here to share feedback, talk and try to help in any way we can.<\/p>\n

You should be able to trade, day trade and trade options on bitcoin futures<\/a> as long as you have the proper margin in the account.<\/p>\n

Here is more specifically regarding the CBOE bitcoin contract. This applies for users of our E-Futures Int’l platform. Users of other platforms, please consult with your broker.<\/p>\n

The CBOE will launch the Bitcoin Futures contract December 10, 2017.\u00a0\u00a0 The following link is to the CBOE Bitcoin information page\u00a0http:\/\/cfe.cboe.com\/cfe-products\/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na\u00a0<\/a>\u00a0 \u00a0We will be offering the CBOE Bitcoin via our platform, however, until live data is provided, the contract cannot be fully tested and proper due diligence performed, therefore, there will be a slightly delay in offering.\u00a0 We do expect the contract to be tested and available within the first few days of trading.\u00a0 We will keep you updated on the availability.<\/p>\n

The CBOE has set initial margin at 44% of the current daily settlement price:<\/p>\n

Yesterday’s bitcoin Settlement Price = $11,595.00<\/p>\n

Price Fluctuation = $1.00 per Bitcoin<\/p>\n

Contract Value = $11,595.00<\/p>\n

Initial Margin = $5,101.80<\/p>\n

As this is a new contract, with a highly volatile underlying contract, We will initially be setting the following Margin\u00a0 Requirements:<\/p>\n

Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin<\/p>\n

Overnight Margins 5:00pm CT – 7:00am CT – 125% of Exchange Initial Margin<\/p>\n

We will keep you updated on any changes or developments.<\/p>\n

If you don’t have an account set up with us<\/strong>, all you need to do is fill out the\u00a0online application<\/a>\u00a0 get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….<\/p>\n

If you have ANY questions,\u00a0feel free to call, chat or contact us!<\/a><\/p>\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

12-07-2017<\/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>\n2650.50<\/td>\n6396.67<\/td>\n24379<\/td>\n1529.43<\/td>\n15400.60<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2642.50<\/td>\n6351.83<\/td>\n24305<\/td>\n1524.57<\/td>\n14346.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2636.00<\/td>\n6322.17<\/td>\n24231<\/td>\n1516.43<\/td>\n13813.64<\/td>\n<\/tr>\n
Pivot<\/td>\n2628.00<\/td>\n6277.33<\/td>\n24157<\/td>\n1511.57<\/td>\n12759.15<\/td>\n<\/tr>\n
Support 1<\/td>\n2621.50<\/td>\n6247.67<\/td>\n24083<\/td>\n1503.43<\/td>\n12226.68<\/td>\n<\/tr>\n
Support 2<\/td>\n2613.50<\/td>\n6202.83<\/td>\n24009<\/td>\n1498.57<\/td>\n11172.19<\/td>\n<\/tr>\n
Support 3<\/td>\n2607.00<\/td>\n6173.17<\/td>\n23935<\/td>\n1490.43<\/td>\n10639.72<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nFeb. Gold<\/td>\nMar. Silver<\/td>\nJan. Crude Oil<\/td>\nMar.\u00a0 Bonds<\/td>\nDec.\u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1277.6<\/td>\n16.36<\/td>\n58.76<\/td>\n154 27\/32<\/td>\n1.1910<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1274.7<\/td>\n16.27<\/td>\n58.16<\/td>\n154 22\/32<\/td>\n1.1883<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1270.6<\/td>\n16.13<\/td>\n57.06<\/td>\n154 10\/32<\/td>\n1.1842<\/td>\n<\/tr>\n
Pivot<\/td>\n1267.7<\/td>\n16.03<\/td>\n56.46<\/td>\n154\u00a0 5\/32<\/td>\n1.1815<\/td>\n<\/tr>\n
Support 1<\/td>\n1263.6<\/td>\n15.89<\/td>\n55.36<\/td>\n153 25\/32<\/td>\n1.1774<\/td>\n<\/tr>\n
Support 2<\/td>\n1260.7<\/td>\n15.80<\/td>\n54.76<\/td>\n153 20\/32<\/td>\n1.1747<\/td>\n<\/tr>\n
Support 3<\/td>\n1256.6<\/td>\n15.66<\/td>\n53.66<\/td>\n153\u00a0 8\/32<\/td>\n1.1706<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMar.\u00a0 Corn<\/td>\nMar. Wheat<\/td>\nJanuary Beans<\/td>\nMar. SoyMeal<\/td>\nJan. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n360.1<\/td>\n437.1<\/td>\n1029.33<\/td>\n360.80<\/td>\n3.03<\/td>\n<\/tr>\n
Resistance 2<\/td>\n357.9<\/td>\n434.4<\/td>\n1020.92<\/td>\n354.50<\/td>\n3.00<\/td>\n<\/tr>\n
Resistance 1<\/td>\n355.3<\/td>\n429.8<\/td>\n1011.83<\/td>\n348.40<\/td>\n2.95<\/td>\n<\/tr>\n
Pivot<\/td>\n353.2<\/td>\n427.2<\/td>\n1003.42<\/td>\n342.10<\/td>\n2.92<\/td>\n<\/tr>\n
Support 1<\/td>\n350.6<\/td>\n422.6<\/td>\n994.3<\/td>\n336.0<\/td>\n2.9<\/td>\n<\/tr>\n
Support 2<\/td>\n348.4<\/td>\n419.9<\/td>\n985.92<\/td>\n329.70<\/td>\n2.84<\/td>\n<\/tr>\n
Support 3<\/td>\n345.8<\/td>\n415.3<\/td>\n976.83<\/td>\n323.60<\/td>\n2.80<\/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, TRADE SMART \/\u00a0BASE TRADING\u00a0ON ACTUALS ONLY\u00a0— for the\u00a0 current rankings\u00a0 as\u00a0well as\u00a0actual performance\u00a0of trading systems traded at Cannon\u00a0click here\u00a0. Cannon Trading Co, Inc.\u00a0is\u00a0registered with the CFTC and a member of the NFA.\u00a0 Last but not least…Bitcoin futures updates CBOE to launch bitcoin […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243],"tags":[1226,1273,350,549],"class_list":["post-13648","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","tag-bitcoin-futures","tag-cboe","tag-economic-reports","tag-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13648","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=13648"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13648\/revisions"}],"predecessor-version":[{"id":13905,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13648\/revisions\/13905"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=13648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=13648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=13648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}