Plots the Bitmex June 2021 futures vs. Spot price
Contracts are XBTM21 (June 21)
XBTUSD (Perpetual contract)
This idea plots (XBTM21 - XBTUSD) as the blue series and plots XBTUSD as the candlestick series
The bitmex june future was trading at a $6,000 premium earlier today! Now has dropped back to $5,000.
Upon expiry the future spread will drift to zero ......
We got the breakout of the Oh so important resistance level of 59638.5. So I would be watching that level for a possible retest and hold of support. For possible entries aiming of course for the all time high of 61900.0
Hi everyone! This is an idea for possible correction on Bitcoin . The market has provided 1325% gains since the COVID-19 crash in March 2020 and reached exhaustion recently.
Here are my reasons for this idea:
Green line is crossing below red line and blue LSMA which is a bearish sign.
Green line is above white energy which means upward pressure will continue...
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The volatility period began around March 24 (March 23-25).
This volatility period can last up to around April 3-10.
This volatility period is expected to end as it deviates...
Bitcoin has reached another breaking point in its lifetime. The developement and sentiment around the cryptocurrencies is getting progresivelly more bullish. Recently a decline in the Bitcoin market cap dominance has occured.
This may signal an alt season that we are begining to see right now. This could also be a kind of a warning signal that the cycle is getting...