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Bitcoin Futures Trading Volume

US regulated bitcoin futures platforms saw an increase in trading activity in 2019 vs 2018 as say the last tradeblock report. Both the CME and CBOE launched competing bitcoin futures products in December 2017. While trading activity in both products increased in the first few months of 2018, demand began to decline as 2018 saw consistently falling bitcoin prices.

Throughout the second half of 2018 and the first half of 2019, bitcoin futures trading activity slowly migrated to the CME with the CBOE announcing they would discontinue bitcoin futures products in the Spring of 2019 as demand declined.

In April a sharp increase in the price of bitcoin spurred a considerable rise in trading activity, with the CME seeing its highest volume month ever over the summer. In the fall, Bakkt launched its much anticipated bitcoin futures product which has seen month over month growth since inception — yet still trails the CME.

The report explain then that the ew futures platform launches, aggregate bitcoin futures trading activity declined in the second half of 2019. Nonetheless, bitcoin futures trading volumes for 2019 were significantly higher than those in 2018. In the figure below we diagram notional bitcoin futures trading volume over time across the following US regulated platforms: CME, CBOE, and Bakkt.

One Bitcoin Week At Time

We will have an attempt to break the EMA100 on the weekly chart once again. A closer point of correction is between $6060 and below the main high trend line that has been respected from previous years as we have been saying.

A curious thing now is that the EMA21 is positioned within the secondary low trend line which indicates a strong resistance well above $8080. You also notice the strong resistance that the EMA9 and the EMA50 are doing after the crossing that intensified the price correction after the last high.

The zone between $7650 and $7850 behaves as a new strong resistance zone, well tailored with the EMA50 by drawing the 60% line of the Fibonacci retraction and the EMA9 below this region, with a well-proceeded touch of the trend line main discharge already mentioned.

We still continue with the theory that before halving the price can touch 78% of the Fibonacci retraction and very close to the EMA200 between $4850.

2020 Will be Our Glorious Year

To end this year we want you the best for the next which will be full of more than 360 new challenges. That is why the best we learned was to take one step at a time and thanks to that we grew in a few months.

It is not about the number of people, it is about so many words and acknowledgments that we have received in our main social networks. That’s why today we want to say thank you very much.

We remember with great homesickness how we started this project to be mainly different from what the market already has. We want by 2020 to become a academy financial research center that will mainly seek to always bring you the best of financial markets and among them the cryptocurrency market.

In numbers we can not tell you much, but we are grateful to reach more than 320 subscribers in our main blog and what made us more happy was to have been awarded in one of the contests made by publish0x and secondly as one of the best technical analysts in the market. https://www.publish0x.com/rubikaventures/ta-master-long-term-premium-perspective-binance-chain-become-xevqrp.

So far with the blog we have already generated more than $100 dollars that have helped us a lot to reach more people.

But we are really happier for this reason: to be positioned as a strong brand on google :D. Do the exercise!

We promise you! Rubika Ventures will be a very different project from everything you’ve seen in all financial markets. With us you will live the magic!

So do not hesitate and join this new movement https://www.publish0x.com/@rubikaventures that is just beginning.

Happy holidays to all!

See you next year with more stories! With love 💛 Rubika Ventures Team.

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