BITCOIN FUTURES CRASHING - Start of a crash in bitcoin this week....?

in bitcoin •  7 years ago 

The seems to be a significant correction in bitcoin to start the week. It's down -7.5% at binance,
and similar falls in the bitcoin JUNE futures contract shows even more significant falls of -11% !
Note the huge volume candle bar today, it is very significant volume guys! A warning of things to come I think....?
The futures contract is discounting the cash market significantly and that does not bode well for future prices.....

bitcoin futures - each box is a day on a 2 hour bar chart with equi-volume candles & volume profile
Screenshot (1785).png

This is a daily chart of bitcoin cash market at binance showing a challenge to the old lows.....

Screenshot (1786).png

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Welcome to Steemit! A lot of people here enjoy talking about these sort of things and one person I know that would understand all this ( I am far from knowing) is @spiritualmax. Perhaps the two of you can connect ^_^

Enjoy your day ^_^

thankyou foxyspirit for your ocmment. I will look up @spiritualmax.

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