$BTC - options expiration 26.03.21 could see return of up only
Previous expirations were 30th October 2020, 27th November 2020, 25th December 2020, 29th January 2021, 26th February 2021
From thes dates we got a quick burst away followed by a retrace to price area of expiration, in all cases but the December expiration which just aped up
Price proceeded to move up around 25-40% from expiration to expiration which isn't even expiration to high inbetween
So we may see a fast paced weekend, with a cool of into the end of next week, whereby the week after price may move really quite bullish
This is our last hope
Like fundamentals have been insane, FTX sponsorship of Miami Heat stadium, multipe firms filing for Bitcoin ETFs, the most coins we have seen being taken off exchanges ever
The move down really does seem like a major stop loss and liquidation hunt before the new contracts, which was similar to what we saw before other contract expiration
Technically here we also closed above/on the mid-range which was a pretty clean close
If Asia can hold that before tomorrows contract expiration at 4PM GMT I think we will be alright!
From thes dates we got a quick burst away followed by a retrace to price area of expiration, in all cases but the December expiration which just aped up
Price proceeded to move up around 25-40% from expiration to expiration which isn't even expiration to high inbetween
So we may see a fast paced weekend, with a cool of into the end of next week, whereby the week after price may move really quite bullish
This is our last hope
Like fundamentals have been insane, FTX sponsorship of Miami Heat stadium, multipe firms filing for Bitcoin ETFs, the most coins we have seen being taken off exchanges ever
The move down really does seem like a major stop loss and liquidation hunt before the new contracts, which was similar to what we saw before other contract expiration
Technically here we also closed above/on the mid-range which was a pretty clean close
If Asia can hold that before tomorrows contract expiration at 4PM GMT I think we will be alright!