Bitcoin BTCUSD / BTC CME Futures Comparison Analysis
Sometimes, the CME Bitcoin chart ends up giving us a better signal. I am going to get back into the habit of checking there more often again. I look at weekly and monthly closes and opens for gaps, but the daily hasn't been significantly different in almost two years.
Today, I am noticing that there's a strong difference in these charts. Note immediately that the LMACD is much lower on the CME chart. There's also a lack of a close above the upper Bollinger Band on the CME chart. This is the real kicker. I think that the BTCUSD chart we got a couple false signals, whereas the CME chart shows us the buy signals didn't happen yet.
Holding above the basis line the way price has, is a strong, positive development. Price is also above the 50 day MA, the LMACD is diverging up, and price is just about back into the cloud.
We'll know more by about 1030AM tomorrow how the day might go. Markets open at 930AM ET, and by 1030!M we've seen the bigges