Gate.io to Begin BTT Perpetual Contract Trading

The maximum deposit amount for this contract is limited to 1 BTC, but it can be increased
07 February 2019   978

Cryptocurrency exchange Gate.io added perpetual contracts for BitTorrent tokens (BTT) with the possibility of leverage up to 100x. This is reported on the website of the trading platform.

The contract is available in pair with the US dollar (BTT / USD). The maximum deposit amount for this contract is limited to 1 BTC by default, however, it can be increased over time depending on the market conditions and the rating of one or another investor.

Perpetual contracts are similar to futures. They also allow you to open positions for a fall using leverage, however, unlike futures, they have no expiration date.

Note that the BitTorrent project performed a successful IEO on the basis of the Binance Launchpad platform - in just 18 minutes $ 7.2 million was collected. It was enshadowed with some technical issues.

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   238

While Wall Street representatives sometimes come back to criticize Bitcoin, the well-known investment bank Goldman Sachs gives its own forecast for the price of cryptocurrency. To the surprise of many, it turned out to be bullish.

A note for Goldman Sachs customers on Twitter shared by Three Arrows Capital CEO Su Zhu.

As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.

An unnamed analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.

On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084.

What is more surprising: that Goldman Sachs has a bullish target on BTC, that they have any target at all, or that they use Elliott Wave Theory? I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.
 

Su Zhu
CEO, Three Arrows

Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.