{"id":13650,"date":"2017-12-07T13:10:07","date_gmt":"2017-12-07T21:10:07","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=13650"},"modified":"2018-01-30T05:57:57","modified_gmt":"2018-01-30T13:57:57","slug":"will-bitcoin-continue-explode-trading-levels-12-08-2017-non-farm-payrolls","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/will-bitcoin-continue-explode-trading-levels-12-08-2017-non-farm-payrolls\/","title":{"rendered":"Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls"},"content":{"rendered":"<p><strong><em>____________________________________________________________________<\/em><\/strong><\/p>\n<p><strong><em>Voted #1 Blog and #1 Brokerage Services on\u00a0<a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001U36v1hvtg4O6nrUU85R1W6sfGPKX0ynnFA_D82LpdwBdzw7hFFBsXcDEWOPaVpkBRhG4iwIIEW8dl5sm-Zy6FHhgwdfYQHIB3uhsIL_ukid7tjqwraQ_BoF0xII0Paftq6h0c0xvDjjkGFYQaQXS_PzGm2ZRdaCn-W0INLJ9pmxzYrJ3TUyLrKnbAV5ra33oeleZTVoQEDQ=&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener\">TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/em><\/strong><\/p>\n<p><strong><em>____________________________________________________________________<\/em><\/strong><\/p>\n<p>Dear Traders,<\/p>\n<p><strong>Bitcoin: Will Stunning Rally Sustain or Sour in 2018?<\/strong><\/p>\n<ul>\n<li>4 Dec 2017<\/li>\n<li>By Erik Norland<\/li>\n<li>Topics:\u00a0FX,\u00a0Equity Index,\u00a0Metals<\/li>\n<\/ul>\n<p>Our previous article on\u00a0bitcoin\u00a0focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.<\/p>\n<p>What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset &#8211; currencies or commodities &#8211; its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won&#8217;t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins&#8230;..<a href=\"http:\/\/www.cmegroup.com\/education\/featured-reports\/bitcoin-will-stunning-rally-sustain-or-sour-in-2018.html\" target=\"_blank\" rel=\"noopener\">Read the Rest<\/a><\/p>\n<p><strong>The New Account Application<\/strong><\/p>\n<p>In Order to <a href=\"https:\/\/www.cannontrading.com\/community\/bitcoin-futures\">Trade bitcoin futures<\/a> and other commodity futures, please complete the following online application and fund the account with the minimums listed above<\/p>\n<p>Here&#8217;s the link to the <a href=\"https:\/\/ibportal.gainfutures.com\/ApplyOnline?WLID=20\" target=\"_blank\" rel=\"noopener\">on-line account application<\/a>\u00a0(takes about 15-20 mins.)<\/p>\n<p>Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.<\/p>\n<p>If you have ANY questions,\u00a0<a href=\"https:\/\/www.cannontrading.com\/company\/contact\">feel free to call, chat or contact us!<\/a><\/p>\n<p><!--more--><\/p>\n<p><strong>Good Trading!<\/strong><\/p>\n<p>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<p><strong>Futures Trading Levels<\/strong><\/p>\n<p>12-08-2017<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Contract December 2017<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00a0SP500<\/td>\n<td colspan=\"1\" rowspan=\"1\">Nasdaq100<\/td>\n<td colspan=\"1\" rowspan=\"1\">Dow Jones<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mini Russell<\/td>\n<td colspan=\"1\" rowspan=\"1\">BitCoin Index<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">2658.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">6387.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">24485<\/td>\n<td colspan=\"1\" rowspan=\"1\">1546.60<\/td>\n<td colspan=\"1\" rowspan=\"1\">20998.67<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">2650.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">6361.25<\/td>\n<td colspan=\"1\" rowspan=\"1\">24374<\/td>\n<td colspan=\"1\" rowspan=\"1\">1536.30<\/td>\n<td colspan=\"1\" rowspan=\"1\">18989.17<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">2643.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">6340.25<\/td>\n<td colspan=\"1\" rowspan=\"1\">24295<\/td>\n<td colspan=\"1\" rowspan=\"1\">1527.80<\/td>\n<td colspan=\"1\" rowspan=\"1\">17482.28<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Pivot<\/td>\n<td colspan=\"1\" rowspan=\"1\">2635.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">6314.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">24184<\/td>\n<td colspan=\"1\" rowspan=\"1\">1517.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">15472.78<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">2628.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">6293.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">24105<\/td>\n<td colspan=\"1\" rowspan=\"1\">1509.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">13965.89<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">2620.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">6267.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">23994<\/td>\n<td colspan=\"1\" rowspan=\"1\">1498.70<\/td>\n<td colspan=\"1\" rowspan=\"1\">11956.39<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">2613.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">6246.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">23915<\/td>\n<td colspan=\"1\" rowspan=\"1\">1490.20<\/td>\n<td colspan=\"1\" rowspan=\"1\">10449.50<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Contract<\/td>\n<td colspan=\"1\" rowspan=\"1\">Feb. Gold<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mar. Silver<\/td>\n<td colspan=\"1\" rowspan=\"1\">Jan. Crude Oil<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mar.\u00a0 Bonds<\/td>\n<td colspan=\"1\" rowspan=\"1\">Dec.\u00a0 Euro<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">1283.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">16.30<\/td>\n<td colspan=\"1\" rowspan=\"1\">57.95<\/td>\n<td colspan=\"1\" rowspan=\"1\">155 24\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1853<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">1275.1<\/td>\n<td colspan=\"1\" rowspan=\"1\">16.15<\/td>\n<td colspan=\"1\" rowspan=\"1\">57.36<\/td>\n<td colspan=\"1\" rowspan=\"1\">155\u00a0 3\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1837<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">1262.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">15.95<\/td>\n<td colspan=\"1\" rowspan=\"1\">56.99<\/td>\n<td colspan=\"1\" rowspan=\"1\">154\u00a0 5\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1809<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Pivot<\/td>\n<td colspan=\"1\" rowspan=\"1\">1254.1<\/td>\n<td colspan=\"1\" rowspan=\"1\">15.81<\/td>\n<td colspan=\"1\" rowspan=\"1\">56.40<\/td>\n<td colspan=\"1\" rowspan=\"1\">153 16\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1793<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">1241.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">15.61<\/td>\n<td colspan=\"1\" rowspan=\"1\">56.03<\/td>\n<td colspan=\"1\" rowspan=\"1\">152 18\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1765<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">1233.1<\/td>\n<td colspan=\"1\" rowspan=\"1\">15.46<\/td>\n<td colspan=\"1\" rowspan=\"1\">55.44<\/td>\n<td colspan=\"1\" rowspan=\"1\">151 29\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1749<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">1220.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">15.26<\/td>\n<td colspan=\"1\" rowspan=\"1\">55.07<\/td>\n<td colspan=\"1\" rowspan=\"1\">150 31\/32<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.1721<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Contract<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mar.\u00a0 Corn<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mar. Wheat<\/td>\n<td colspan=\"1\" rowspan=\"1\">January Beans<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mar. SoyMeal<\/td>\n<td colspan=\"1\" rowspan=\"1\">Jan. Nat Gas<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">354.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">429.6<\/td>\n<td colspan=\"1\" rowspan=\"1\">1002.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">348.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">3.05<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">353.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">427.2<\/td>\n<td colspan=\"1\" rowspan=\"1\">998.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">345.60<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.99<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Resistance 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">352.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">424.3<\/td>\n<td colspan=\"1\" rowspan=\"1\">995.25<\/td>\n<td colspan=\"1\" rowspan=\"1\">340.40<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.88<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Pivot<\/td>\n<td colspan=\"1\" rowspan=\"1\">351.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">421.9<\/td>\n<td colspan=\"1\" rowspan=\"1\">991.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">337.50<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.81<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 1<\/td>\n<td colspan=\"1\" rowspan=\"1\">350.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">419.1<\/td>\n<td colspan=\"1\" rowspan=\"1\">988.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">332.3<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.7<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 2<\/td>\n<td colspan=\"1\" rowspan=\"1\">349.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">416.7<\/td>\n<td colspan=\"1\" rowspan=\"1\">985.00<\/td>\n<td colspan=\"1\" rowspan=\"1\">329.40<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.64<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Support 3<\/td>\n<td colspan=\"1\" rowspan=\"1\">348.5<\/td>\n<td colspan=\"1\" rowspan=\"1\">413.8<\/td>\n<td colspan=\"1\" rowspan=\"1\">981.75<\/td>\n<td colspan=\"1\" rowspan=\"1\">324.20<\/td>\n<td colspan=\"1\" rowspan=\"1\">2.53<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Economic Reports, source:\u00a0<\/strong><\/p>\n<p><strong><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001U36v1hvtg4O6nrUU85R1W6sfGPKX0ynnFA_D82LpdwBdzw7hFFBsXUaHpWckHvnxMzKsj9El2HRk24aoDegJQzuMUPE9puNNmuvQSa9TCTjBd9jfk6eCMEA7AGzmEWqQio5zmAVYzj3YSmedeUqRQd8LKGWybDqJRnQBIQ9paCcjZkcB-Rqnj7IVghZHE-07pLprH5eCf_gjzAtDlO-tqr73Tx7ZjgqMeoxPvv8HQ6iSC6JAby4vPPqhwJZ9Co-40Ja6Rh0RrsFiv_CQpFnSrbFuEIp9HVfg1fsamUjh_l0rKiPVnDwqB09cUBzJLJOq05b2c1dOPDwZidNZZc2OIg==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener\">http:\/\/app.bettertrader.co<\/a><\/strong><\/p>\n<p><img decoding=\"async\" title=\"Economic Reports - Friday, December 8th\" src=\"https:\/\/mlsvc01-prod.s3.amazonaws.com\/3dc00ef7001\/b6b0d5d3-3fe4-4f2e-bc52-3bbf96288dcc.png\" alt=\"Economic Reports - Friday, December 8th\" \/><\/p>\n<p>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":"<p>____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Bitcoin: Will Stunning Rally Sustain or Sour in 2018? 4 Dec 2017 By Erik Norland Topics:\u00a0FX,\u00a0Equity Index,\u00a0Metals Our previous article on\u00a0bitcoin\u00a0focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange [&hellip;]<\/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":[1251,1226,350,1274,549],"class_list":["post-13650","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-future-trading-news","tag-bitcoin","tag-bitcoin-futures","tag-economic-reports","tag-non-farm-payrolls","tag-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13650","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=13650"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13650\/revisions"}],"predecessor-version":[{"id":13906,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13650\/revisions\/13906"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=13650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=13650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=13650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}