You are viewing a single comment's thread from:
RE: 2/9/18. Post Market Wrap Up PLUS: Institutional Cash Is Going To Push Stocks Higher. By Gregory Mannarino
Love the posts. Everyone that works for me tunes in twice a day. I took your advice and been watching BTC after the CME claimed it. I've been seeing something pretty regularly. At the close of the CME on Friday at 5pm CST, the price for BTC breaches the futures price for about a day and a half. By Sunday morning, the BTC price starts to decline to meet the 3 month future price. Right around 5pm standard time, the BTC price was right in ine with the April price. It has gained since along with the rest of the cryptos. Let's see how much it goes up before Sunday. By Sunday at 4pm CST, it should be right back at 8600 and the rest of the space should follow.
Nice observation widow, how do I see/find the "3 month future price" for BTC , so to follow this too? Thanks
CBOE futures:
http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures
CME futures
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
I am wrong on this one this weekend. BTC is lagging behind the futures so far. I think right now it is just too crazy to try to predict what is going on. Banks are cutting off credit card purchases through exchanges, Countries are announcing more regulations and of course BTC sucks as a crypto-peer to peer platform. The news I heard that is really good is that exchanges are going to cut out tether (confirmed scam) and start using USD. This si huge because it could open up markets that don't need to deal in BTC.
Cute Wombat!
More Wombat and thanks for the upvote! Or K Bear (I have no idea how to spell it).
I was way, way off this weekend.
But... Let's see if it goes back up to the CME price in a few hours.
I lost a few bucks on this experiment but it might pay off in the end. Let's keep our eyes on it.
Thanks for the upvote and STEEM on!
One more thing.... It looks like the BTC price and the rest of the space settled at the CME prior settle price. Holy cow.