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;)
options should touch 41 or no ? no red by this level...all my future entries at around 38 to 42
skyline-trader
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@friscotrader, I don't see relevant money put on such low levels. Still I am talking purely about Options with expiration date set in 22 days, so other types of Options can have placed some money on levels 38-42. Cheers mate!