Description
⋅ I created this chart to visualise the BTCUSD / CME Futures deviation on weekend
- In blue: Coinbase spot BTCUSD minus CME Futures price
- In orange: Coinbase spot BTCUSD
- In cyan: CME BTC1! futures price
- Gray bars: weekends
Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe
At the weekend price can deviate up to $2,000 or more from the CME close.
When there are large deviations price often reverts to the CME close before the end of the weekend. Large deviations should be faded Comment
⋅ Check out weekend deviations > $1000. These often get reversed on Sunday
Comment
⋅ Switch to daily timeframe
- Deviations > $1,500 are often a sell.
- Deviations < -$2,000 are a buy