EXCAVO
Long

Bitcoin Futures CME

CME:BTC1!   Bitcoin CME Futures
On December 15, two years ago, the largest American company CME Group launched Bitcoin futures .
CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the territory of derivatives instrument for the cryptocurrency market and now they have no competitors.

CME futures are one of the most manipulative instrument on the cryptocurrency market.
And the opening and closing of their futures suggests when the bottom will be.

December 15, 2017. two contracts were opened
 3 months until March 29 - opening price 20631 - closing price 7070
 6 months until June 29 - opening price 20631 - closing price 5800

Before bitcoin futures , large players did not have a high-quality tool for the global short market - and the Chicago exchange provided this opportunity
After 3 months, bitcoin fell by 67%

The market go up a little, but by the close of the 6-month contract, the market fell by 71%

On July 2, another 6-month contract was opened and closed on December 28
40%

detailed table of the start and end dates of all contracts.
CME does not save this data, for this you can like it under the chart

https://docs.google.com/spreadsheets/d/1...

And the most interesting
I think you remember the growth of November 25-26 at $ 3000 up

If you look a little in the table, then you can see the contract F20 from 10.28.19 to 01.31.20 - the conclusion from this until January 31 we will not see a price above 9200

On December 16, the first annual price contracts were opened in the $ 6,600 zone and I am sure this factor will push the price up
But already today, December 30 will be open semi-annual contracts M20 12/30/19 - 06/29/20
And today, a two-year contract opens and this fact will also push the price up.
 Perhaps someone doubts that the price of bitcoin in 2 years will be lower than 7000? write a comment

Best regards EXCAVO

Dec 30
Btc sub 7000 sounds right. Bsv will gain huge attention early 2020
Reply
decent work
this is my work
could you tell your thoughts
Reply
you did make good analysis)
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There was an article recently which pointed out something interesting. Huge amounts of money use futures but those futures are backed by spot prices in a low liquidity environment. There is nothing stopping big money opening a futures contract then pushing the market spot price into the direction they want for their futures contract. This is why futures is the real market not the exchanges.
+1 Reply
Okay, maybe I'm too stupid but there are CME futures contracts all the time (3,6,12 months etc) and still price is bouncing up and down, mostly down. If BTC is meant to go down sduing the period of the contract, when will it have time to breath and charge upwrds ?
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Good Idea!
Please tell what you think about my analysis
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@Anpu, i just recognized the same!
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Im new to invest and not sure how the CME works. But if they shorted they made a killing. Now if they longed at 6.6k that would.mean in 2 years they can buy at 6.6k if the price is higher?

Short term why do you say we wont see 9700 by jan 31?

Thanks for sharing information as it gives greater details to market manipulation.
+3 Reply
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