Winter's here - comes with Bitcoin futures and STEEM network leading. Market thoughts.

Good day traders and a happy Sunday!

It's nice to hear UK finally got their share of the snow, where i am, hasn't yet snowed a drop, so still waiting for that winter feeling.

And finally it's here - we have reached the day when Bitcoin futures launch on CBOE. Launch is scheduled for 5 pm Chicago time, Sunday (23:00 GMT time).

Thanks to the fine folks at Forexlive, we have a writeup of things you need to know, before the launch. We have talked about this a few times, but repetition is good and Adam Button is brief and concise and has always easy-to-read articles. Up-to-date yourself here on Forexlive

_{Photo via Bloomberg}

Where is Bitcoin currently? Well, the market seems to be settling for now ahead of the futs launch, with BTC having retraced approximately 50% of this months candle. Let's dump other technicals out of the window and consider one simple thing that many trend-following traders do - a pullback to the 50-day moving average would be a perfect opportunity to buy the dip and it would not do any real tech damage to the chart. That would take us to approximately 9K and would still not be bearish.

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Let's have a look at another crypto chart - the Ripple. While the Ripple is not a traditional crypto, like BTC or ETH, it still offers vast day/swing trading opportunities, while being a nice range play (see the chart below). Why, you ask, is it not a traditional crytpocurrency? Well, an article written in May, 2017, explains it nicely - Ripple owns approx 60% of the XRP supply and is not intended to go parabolic. Anomalities happen, but be sure to read up on this article on Hivergent. For now, keep buying the range dips and profiting!

_{Ripple.com via Hivergent}

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A cool fact, before we head to some longer term charts - if you want to see, how the STEEM and BTS networks kick the butt of Bitcoin, head over to http://blocktivity.info/ and compare the network load of STEEM and Bitcoin. Yep, that's what i hate about Bitcoin, the network is always clogged, slow and expensive. Keep Steeming!

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Alright, i have a few charts, that i want to get off my mind. Ideas about these are welcome in the comments.

EURAUD - it seems the flag is almost done and we are hitting a historic level. Longs are off the table, for now.

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AUDUSD the yield is gone from the Aussie but i would not chase it lower around here. Bearish, but at key level.

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EURUSD - bullish, but at key level. Displaying a bullflag on the weekly chart.

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And finally a GBPUSD monthly chart. If you think it is bullish, think again. Get above this massive level decisively and you can turn to buy-the-dips mode, until that, it is just a wannabe.

Alright everybody, thank you for reading, waiting for the new trading week with interest. Until then, enjoy the rest of your weekend!

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Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.

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_{Title image from pixabay}

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