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TEDong XBT Sep/Dec19 Futures Premium/Deficit:
Hi Folg,
BITMEX Contango/Backwardation is fundamental analysis, act as confirmation for BUY and SELL. A change between Contango and Backwardation often highly correlated with stronger price changes.
Contango : SELL!!! (Background olor: RED)
Backwardation : BUY!!! (Background olor: GREEN)
Backwardation occurs when spot is more expensive that the futures and this confirms a buy and vise versa for Contango.
Happy Trading!
DONATE/TIP
BTC: 13nhMN2H4LoRi4VMcPcyR96jitxrH3uivB
BITMEX Contango/Backwardation is fundamental analysis, act as confirmation for BUY and SELL. A change between Contango and Backwardation often highly correlated with stronger price changes.
Contango : SELL!!! (Background olor: RED)
Backwardation : BUY!!! (Background olor: GREEN)
Backwardation occurs when spot is more expensive that the futures and this confirms a buy and vise versa for Contango.
Happy Trading!
DONATE/TIP
BTC: 13nhMN2H4LoRi4VMcPcyR96jitxrH3uivB
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