What are Cryptocurrency Perpetual Contracts?
With the growth of virtual currencies and financial markets, we have seen new investment tools being created on a regular basis.
The Nasdaq Stock Market, or simply Nasdaq, is the world's second-largest stock exchange for investors buying and selling stocks. One can trade the NASDAQ index. On November 22nd, 2021, the Nasdaq index reached a new high of 16770. For more than a month, the index was in distribution. We projected a short-term bottom between 11500 and 11700, which is the 50% Fib level of the upward trend. The harmonics AB=CD are also completed at this level, indicating a reversal for the security's and Klinger oscillators, for example, began to exhibit positive divergence. We were expecting short-term accumulation and upward movement.
Since then index made a bottom at 11488 and rallied aggressively towards 13000 where the short-term trends look bullish as the security is making higher highs and higher lows.
In the next sections, the goal is to share with you all the details about cryptocurrency futures and how you can use them in your daily trading activities. There are many different things that you can do with futures that we will share with you in the next section of this post.