MOVE contracts may expire close to zero today
Strike Price Represented by the green line. Price thought to get closer to strike so move contracts should decrease.
With the bullish Gartley, lots of selling and a failure to go lower, holding the POC and macd/ rsi/ candlestick confluenc it is possible for the btc move contracts to continue working their way closer to 0 as the day progresses
Price is located 2 standard deviations from vwap and 10, 20 MA's look like they want a bullish cross
There is also an approximate 2000 btc OI zone from 48570-48850.... this should provide resistance.
With the bullish Gartley, lots of selling and a failure to go lower, holding the POC and macd/ rsi/ candlestick confluenc it is possible for the btc move contracts to continue working their way closer to 0 as the day progresses
Price is located 2 standard deviations from vwap and 10, 20 MA's look like they want a bullish cross
There is also an approximate 2000 btc OI zone from 48570-48850.... this should provide resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.