When referring to the basic analysis of trade crypto, it is common to discuss only the basic characteristics of a project such as technology, platform, community, usefulness, etc. the market. However, catching a few basic trends will help a lot for investors. Here are some highlights in the last quarter of 2018 in general.
1. Bitcoin ETF
Bitcoin ETF is one of the most talked about phrases recently, when the Securities and Exchange Commission (SEC) recently announced that it would review the Bitcoin ETF proposal from VanEck and SolidX. It is notable that the SEC has repeatedly rejected ETF proposals from twins WinkleVoss, Proshares, Direxion as well as GraniteShares, which totaled 9 singles were massacred by the SEC.
The cryptocurrency market in general is very much looking forward to this so-called Bitcoin ETF, as it is a great opportunity for institutional investors to keep an eye out for Bitcoin and pre-coding. The deadline for the SEC’s decision on the VanEck & SolidX proposal is September 30, but the SEC has said it will review it without giving a date. High probability will be in this October.
2. Bitcoin Futures Contracts
In the past, Bitcoin has been hit hard by the near maturity of Bitcoin futures on CME and CBOE, with CME taking on higher volume and contracts. So we have to be careful when trading Bitcoin in the near future maturity date.
In terms of futures contracts, the contract price will tend to run at the spot price so there will be a strong pump or dump, so trader avoids trading on these days – especially the last trading day (last trade). In October, we have the last transaction date is 28/10 and the due date is 31/10.
3. Binance launches decentralized trading platform (DEX)
This may be a major event affecting the cryptocurrency market, the likelihood is high. Binance is a decisive trading platform and it is capable of shaping the direction of the entire market. If it’s going to the decentralized floor, the rest of the floor will do the same, and indeed the decentralized floor is a milestone right from the start in Binance’s roadmap.
Binance is scheduled to release its beta at the end of this year or early 2019.