Assessments / Blog

BTC #F Supply at danger point

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”.

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Supply again dominated Yesterday and we are still in Selling pressure territory. On the 3-Day chart Demand is still present, but average volatility has turned bearish. The readings were taken after Yesterday’s close of the Future’s market.

Daily Signals May the 23rd


The Supply and Demand Reading (1st row) was -4.6 which indicates Supply had the upper hand the time the reading was taken.

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

Average Supply and Demand Volatility (4th row) was above 100% and is bearish. The change in average Volatility from the previous day was negative 141 (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 neutral 0 (No strengthening of Supply or Demand) shown on the right of BXB Dashboard.

Average Volatility direction was Down (maroon down triangle in 3rd row).

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

The 7915 level was penetrated and the final line in the sand is identified at 7805. If this level does not hold and we did not see any bar closes below this level, a substantial down move can occur. Supply increased and we are still in Selling pressure territory on the Simplified Volume tool. We still have some positive readings on the 3-Day chart.


The 7805 level must hold for price to turn bullish over the longer term. If Supply on the 3-Day chart shown below does not strengthen, we will probably see more weakness. There is substantial short term weakness at the moment.


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