Assessments / Blog

BTC #F Daily Supply, 3-Day Demand

The daily chart above shows our SUPPLY and DEMAND Dashboard and BXB (Bar by Bar) Signals for Bitcoin Futures trading on the Chicago Mercantile Exchange.

Readings are based on Supply and Demand and Volume internal data. It is updated in real time during the trading session of the CME exchange and does NOT take into account any price indicators or mathematical formulas using price. We do however show the cumulative price change for the trading session and in some instances assess price movement’s relationship to Supply and Demand. It is therefore fair to say that the readings and signals are independent from other popular price indicators and others shown on the chart. The readings are an independent assessment of the one and only measureable fundamental market mover: SUPPLY and DEMAND. It does not matter if price is influenced by a geopolitical event, seasonality, fundamental economic data releases or sentiment driven news, etc. It all reflects in Supply and Demand, the “footprints” of the “Big Boys” or “Smart Money”.

Supply entered the market and we are still in Selling pressure territory. On the 3-Day chart Supply is still dominating. The readings were taken after Yesterday’s close of the Future’s market.

Daily Signals May the 21st


The Supply and Demand Reading (1st row) is -1.7 which indicates Supply had the upper hand the time the reading was taken.

Supply and Demand Direction (3nd row) is to the downside (maroon down triangle), indicating downwards direction.

Average Supply and Demand Volatility (4th row) is below 100% and is bullish, but weakened. The change in average Volatility from the previous day was negative 4 (Supply is getting stronger) as shown on the right of Sup/Dem Dashboard.

BXB Signals:

We have a sell signal on the signals board (1st row).

Daily Volatility direction (2nd row) is Bearish (maroon down triangle). The change in daily Volatility from the previous day was negative 28 (Supply is getting stronger) shown on the right of BXB Dashboard.

Average Volatility direction was Up (blue up triangle in 3rd row).

Supply / Demand direction was Down (negative reading in 4th row).

So far the 8000 (7915) level is holding and we did not see any bar closes below this level. Supply increased and the Supply / Demand sentiment tool is sloping downwards, and we are still in Selling pressure territory on the Simplified Volume tool. We still have positive readings on the 3-Day chart. Resistance identified to the upside is at 8680.


The 8000 level must hold for price to turn bullish over the longer term. If Supply on the 3-Day chart shown below gets the upper hand, we will probably see more weakness. If Supply are unable to dominate Demand and stay positive on a 3_Day basis, the 8000 level can be tested before moving North again. There is short term weakness at the moment.


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