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aphexmean
May 23, 2019 7:47 PM

Mini bubble situation Short

Bitcoin / U.S. dollarBitstamp

Description

As per title I don't see much of a rally keep going.
Possibly we will see a correction, I am buying the orange line levels

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Today deribit.com perpetual contract showed a sligthly negative funding while showing contango on the futures which is unusual. This circumstance might signal a bearish setup of those market making those contracts.
The future contracts have also sharply shrunk the premium rate to the index confirming the already stated sentiment.
Comments
PensiveElephant
rally kept going...
aphexmean
@kaiserjacob, yup bad call apparently. luckily i was still long and unwinding 60% of holdings right now
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