In past mid-term tops, OKcoin quarterlies futures premium was upwards of 5-7%, signalling bullish euphoria and overbought markets.
Currently, the premium stands at 1%, the approximate level at the 200 base and recent 300 bottom in November.
As such I believe the bearish doubt of the veracity of this ongoing bubble will carry us higher, at least until euphoria hits and we once again parabola, 5% premium and crash. Till then I am a confident bull.
Currently, the premium stands at 1%, the approximate level at the 200 base and recent 300 bottom in November.
As such I believe the bearish doubt of the veracity of this ongoing bubble will carry us higher, at least until euphoria hits and we once again parabola, 5% premium and crash. Till then I am a confident bull.
Trade stängt: målet nått:
Trade closed. Futures premium at 7% already, signalling euphoria. Disappointed it occured so early. Current price 2863CNY. Good profit.
