yorgwarez

Options flow are whispering on BTC

Long
CME:BTC1!   Bitcoin CME Futures
The Options Market can inform well in advance about movements that are yet to happen in futures contracts. Looking at the Options with an Exercise Date (expiry) in 22 days at the time of writing the analysis, the conclusions are quite loud and clear:

  • 50,000 - Put Wall level, that is support with 2 times more capital than the other levels
  • 60,000 - Call Wall level -> resistance
  • 65,000 and 70,000 - successive resistance levels

We also see some Virgin VPOC points from the past, which only adds strength and confidence to the Bitcoin bullish prediction. All data and levels are based on BTC quotes from CME .
I am puzzled by a very large capital located at the level of 50k $ - someone really cares to defend this level at all costs. There is still time for it, so it's worth watching how the situation develops;)

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