Chart says everything really. There is more volume today than there was in the peak of BTC but the price continues to fall. We still need to have that WTF drop. Its probably a good trade to short futures! Lets see what it does over the coming months, I think it will return to the median line.
Levels from Volume Profile.
BITMEX CEO Arthur Hayes thinks we have yet to hit bottom. He feels the bottom is BTC @ $5,000.
CME BTC FUTURES expire Friday, July 27th. There are more Trading Contracts than Open Interest Contracts for the next 2 weeks.
It would make sense for a bottom to occur in August so that September can build up to a full rally by October thru December.
It's only a...
