I created this chart to visualise the BTCUSD / CME Futures deviation on weekend
Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe
At the weekend price can deviate up to $2,000 or more from the CME close.
When there are large deviations price often reverts to the CME close before the end of the weekend. Large deviations should be faded
- In blue: Coinbase spot BTCUSD minus CME Futures price
- In orange: Coinbase spot BTCUSD
- In cyan: CME BTC1! futures price
- Gray bars: weekends
Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe
At the weekend price can deviate up to $2,000 or more from the CME close.
When there are large deviations price often reverts to the CME close before the end of the weekend. Large deviations should be faded
Note
Link to chart. Create a copy of this templatetradingview.com/chart/4U7v73JB/
Note
Check out weekend deviations > $1000. These often get reversed on Sunday Note
Switch to daily timeframe- Deviations > $1,500 are often a sell.
- Deviations < -$2,000 are a buy
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.
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.