Discover and read the best of Twitter Threads about #XBTUSD

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Might try longing the dip, no resting orders while AFK - #XBTUSD chart…
Very nice daily open don't think I get dip in grey anymore...
My metrics say overbought and yday's top is a stop-hunt after a tether print (previous times didn't end well). Therefore, will stay side-lined for a little longer, don't want to rush long here / don't like the fact my invalidation is in W support for decent R:R on this SFP.
Read 11 tweets
1/ Today's breakout in #bitcoin price feels to me to be very real. I used bitcoin futures data to come to my decision. Have a look.


#crypto #xbtusd #bitmex
2/ The following chart is the past 36 hours of a 1-minute snapshot of the price of BTC (.BXBT, Orange Line) and the delta (Blue Line) between it and the Bitcoin futures contract that expires on September 27 2019 (XBTU19). The right side shows a huge drop in the delta, but why?
3/ If we zoom in, we can see a huge swing in the delta from +13.19 to -31.68 in just 2 minutes. This was when BTC pumped to $5391.68, but the delta was quite negative, putting the futures in a state of backwardation.
Read 9 tweets
Not to be a negative nelly 😂 but I feel like we're on the edge the next big global recession. I can't ignore the matching mahosive bear div on the big 5 global markets. Which is interesting since we haven't had one like that since 2008.

Read 7 tweets

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