TEDong XBT Sep/Dec19 Futures Premium/Deficit: — Indicator by Bodedo

trendanalysis volumestudies volatility backwardation contango buysellsignal

Hi Folg,
BITMEX Contango/Backwardation is fundamental analysis, act as confirmation for BUY and SELL. A change between Contango and Backwardation often highly correlated with stronger price changes.

Contango : SELL!!! (Background olor: RED)
Backwardation : BUY!!! (Background olor: GREEN)

Backwardation occurs when spot is more expensive that the futures and this confirms a buy and vise versa for Contango.

Happy Trading!

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