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First Bitcoin Trade Chart

Posted: Sat Dec 09, 2023 9:12 am
by SteveS
The first-ever bitcoin future began trading Sunday (Oct 10, 2017) as the increasingly popular virtual currency made its debut on a major US exchange. The futures contract that expires in January rose from $15,460 to $16,000 in its first hours of trading on the Chicago Board Options Exchange. The start of trading at 5pm CST…
I want to fool around with this bitcoin chart to help pass some of my troubled times happening in my life. I blew my back (2 disk) out 2 weeks ago with considerable pain (t Mars partile cnj my Moon/ t Saturn partile 180 my MC), laid-up in bed most of the time. It’s taken the damn process of things medical today for me to begin psychical therapy this Tuesday. Anyway, nothing better I know to do except to do charts of things, distracts my mind away from my old troubled mundane life, plus I love doing mundane charts of things.

Radical Chart for first futures trade for Bitcoin:
https://ibb.co/tKKnLr6

Immediately, I see no way would I ever speculate with this Bitcoin (BC) futures market because it’s Uranus is partile 90 my H8 Mars! Commonsense along tells me this futures market is much too volatile to trade, and BC Uranus partile 90 my Mars---nope—don’t want to mess around with this futures entity. Also BC Node forms a partile direct midpoint to my tight Saturn-Pluto conjunction, no thank you.

When I take a look at BC most important mundoscope for true positions of its planets to BC angles---right away I see a glaring influence---Mundo Saturn is partile (0,08) conjunct BC DSC. Read what you want into this potent, normally malefic influence, but I don’t think it will be good for its future. Also note BC will soon have t Saturn partile cnj it’s MC. Let’s see when this becomes partile what may happen to BCs value?

Later, I will take a look at some of BC “outstanding incident” return charts to see if anything strikes me relative to it's price.

Re: First Bitcoin Trade Chart

Posted: Sat Dec 09, 2023 10:06 am
by SteveS
ONLY IF this first trade Bitcoin Chart is THE TRUE RADICAL, I see panic symbolism beginning as early as late-Jan-early Feb 2024 for the beginning of falling prices. Details later…

Re: First Bitcoin Trade Chart

Posted: Sat Dec 09, 2023 11:51 pm
by SteveS
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person.[7] Use of bitcoin as a currency began in 2009,[8] with the release of its open-source implementation.[9]: ch. 1  In 2021, El Salvador adopted it as legal tender.[4] Bitcoin is currently used more as a store of value and less as a medium of exchange or unit of account. It is mostly seen as an investment and has been described by many scholars as an economic bubble.[10] As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.[11]
https://en.wikipedia.org/wiki/Bitcoin (long link--you can read later if interested)

OK, after reading-up on Bitcoin I conclude this is the most Neptunian fog bank I have ever tried to understand in my life, and this really peaks my interest NOW because with this possible true Radical Chart---IF Bitcoin is indeed a Ponzi scheme or giant Economic Bubble as many respected minds think, we could see this possible Ponzi Bubble burst in 2024 with all the prominent Neptunian symbolism I am seeing with this possible Radical Chart for the first trade of Bitcoin on a Futures Exchange. I may be seeing nothing but hot air (Neptune has this effect at times)—but the upcoming cycles I see with this chart is most interesting to me, particularly as a Sidereal Astrologer. I welcome any feedback with your own observations/opinions.
Let it be known I am a big believer in “free market ideology”! But all the upcoming Neptune Cycle symbolism I see with this chart kinda blows my mind. Never in my life have I analyzed a chart with so much Neptune soon to be fired-off. Now for the juicy Neptune Symbolism:

First & foremost now: d MC 16,30 Aqu—r Neptune 16,34 Aqu. RIP Noel-- you taught me well with your Solar Arc Book and if we have a true radical chart here—we are soon to seen a major Neptunian Life Development happen with the futures markets for Bitcoin.

Second: Late Feb into March 2024 t Neptune 1,45 Pi exact 180 r Moon 1,45 Virgo. Moon-Neptune is classic symbolism for financial panics.

Third: We now need to look at the all-important next Sidereal Solar Return (SSR) which is getting ready to calculate within the next 24 hours (link below):

https://ibb.co/Ryv2btx

We see angular Moon-Neptune (financial panic?) as one of the main signatures for this SSR. We also see a strong angular class 1 Moon-Saturn 90—with sp SSR Moon next month exactly squaring SSR Saturn. Also note “locked-in” for the entire new solar year we see a SSR Mars partile cnj Natal Venus which partile 90 Natal Neptune. This partile 90 of r Venus to r Neptune is the only partile aspect in the radical chart, I don’t really know how to interpret a Venus-Neptune aspect for a mundane financial chart—except we see more Neptune---maybe telling us the relationships (Venus) owning Bitcoin are wrapped-up in a Neptunian world.

Jim's financial panics reports proved to me two of the main signatures of financial panics are Moon-Neptune & Mars Neptune. All I have to say: If Bitcoin is a Ponzi Bubble waiting to burst-- it has very high % happening in 2024 if this chart is serving as a true Radical.

Later I will look for some possible “outstanding incident” Sidereal Lunar Returns (SLRs) for 2024, maybe to see if there are a couple which may clue us in on WHEN during the solar year a possible panic may occur.

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 7:59 am
by Mikejames2021
Hi Steve,
I’ve just seen your Bitcoin post. I do have a couple of issues.

Firstly, this CBOE BTC contract was delisted due to low trading volume in 2019. The June 2019 was the last BTC contract traded on the CBOE. So, I’m not sure the value of using this data?

Secondly, the matching engine for the CBOE was not located in Chicago when this contact was launched. The primary “production” site for the CBOE’s CFE contracts on December 17, 2017 was in New Jersey;

History of the location of CFE Production sites

March 26, 2004-November 30, 2012
400 South La Salle Street, Chicago, IL, 60605 – 41 N 52 35 // 87 W 37 56

December 3, 2012 – February 23, 2018
Equinix NY4 Data Center - 755 Secaucus Road, Secaucus, NJ, 07094 – 40 N 46 37 // 74 W 04 10

February 25, 2018 – Present
Equinix NY4 Data Center - 800 Secaucus Road, Secaucus, NJ 07094– 40 N 46 44 // 74 W 04 20.

Therefore, the correct time data would be 18:00 EST. All this will change is the chart angles.

You may consider using the data for the successful CME contract which was launched 7 days after the CBOE contract. This is the correct, exchange confirmed data.

CME Bitcoin Futures

Date: Sunday, December 17, 2017

Time: 17:00:00 CST – The 1st transaction was 8 contracts at $20,650. This data comes from the “CME DataMine” Tick data and is good to the second.

Location: CME Data Center –2905 Diehl Road, Aurora, IL, 60502 – 41 N 47 48 // 88 W 14 37

Hope you are feeling better shortly.

Michael

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 8:40 am
by SteveS
Thank you so much Michael for your feedback :) . Except for the NYSE I am new for these type Sidereal Astrology analysis with “first trade” charts. If I understand where you are coming from: you are saying the “first trade” futures contract was not made in Chicago Dec 10 2017, correct? It was made in New York Dec 17 2015 6:00 EST?

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 9:58 am
by Mikejames2021
Hi Steve,

That's correct. If you are using the CBOE BTC chart - you would need to use the New Jersey Data I provided. That data is for the Data Center that holds the primary matching engine ("production site") for the CBOE Futures contracts. But, I would quickly add, this particular contract was a failure and no longer trades. The "successful" Bitcoin contract was the CME one launched 7 days later - full data provided in my last post. This contract has traded continuously from the launch date.

The issue to be careful with in the modern age of "electronic trading" is that the actual "trading" (matching of buyers to sellers) occurs inside an electronic "matching engine" housed in a data center which is often a considerable distance from the traditional location of the exchange - so a Chicago based exchange (CBOE) actually does it's trading in a different time zone and at a different location. This becomes even more of a headache when you look at some of the European exchanges. French CAC40 stock index futures are traded in a matching engine in England - at a data center about 40 miles outside of London. Some of the European ICE petroleum contracts (i.e. Brent) were traded in datacenters in Atlanta, Georgia before moving to New Jersey & Chicago.

Your recent comments on the COMEX gold contract also illustrate the issue. "New York -Comex Gold" & "NYMEX WTI" are traded in the CME Data Center in Aurora, IL (location data on my previous post). There hasn't been any trading in those contracts in "New York" for nearly 15 years. This is relevant if you are working with current SLR & SSR charts for those markets. The correct angles for the return charts will be the ones for Aurora, IL.

As a post script to this Comex Gold contract issue my initial follow up research on the correct first trade time - which is still not conclusive - gives a launch time of 10:00am ET Time. This time comes from Ms. Joann Arena - Senior Director of Metals Research & Product Development for the CME Group - the exchange which owns Comex. I'm using a provisional time of 09:58:09 BUT I'm still locating some documentary proof for this time. The initial trading hours for the COMEX contract were 09:45-14:10 and 09:25-14:30 for the NYMX gold contract launched the same day. Ms. Arena confirmed those trading hours but added that the opening ceremony (presided over by NY US Senator James Buckley) delayed the "first trade" to 10:00am on December 31, 1974.

At this stage it's clear the 08:45 time is not correct - at least historically. We are looking at either 09:45 or a time around 10:00. Once I have some documentary proof I'll update the gold thread - where this information more properly belongs.

I hope this is helpful?

Michael

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 10:58 am
by SteveS
Thanks Michael, I will drop my research on “first trades” charts till you/someone can provide me with a proven true radical chart for using Sidereal Astrology methods. Look forward to hearing any other type confirmation from your well thought-out processes for “first trades” in these modern times. I am afraid I am too old school—well outdated now in these times. :)

BTW, I looked at the entire price chart history of the Bitcoin futures market from 2017, and there was only one Gann Date which timed an important top or bottom, and it just so happened to be its all-time high on Monday Nov 8 2021 at 69,000. The actual Gann Date was Sunday Nov 7 2021 but pricing chart services do not put pricing history on their charts for Sunday trades The price of 69,000 is exactly on the 45 degree angle on Gann’s Square of Four Master Chart as well as the date of Nov 7.

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 11:37 am
by Mikejames2021
Hi Steve,

I understand your caution with these commodity First Trade Data Charts. That being said, the CME Bitcoin data is rock solid, high quality data - confirmed by the timed tick data for the contract - which I have. The exchange location (location of the matching engine) is incontrovertible. So, as far as this type of data is concerned this is AAA quality with regards to date, time & location.

I'll have a look at the CME data for the Bitcoin contract with some SLR & SSR and post anything that looks interesting. With these financial charts I've tended to find that the most effective chart is for the "biggest", most active market or contract. So, with Bitcoin the CASH markets are by far the highest volume venues and the CME futures are by comparison pretty small. This may create issues but I'm certainly open to looking at this CME contract and seeing if we get any hits.

I'll post some stuff once I have it.

Michael

Re: First Bitcoin Trade Chart

Posted: Sun Dec 10, 2023 1:05 pm
by SteveS
Great Michael--looking forward to your thoughts. Have you ever heard of a Bill Murdy who is/was a big proponent of "first trade charts"?

Re: First Bitcoin Trade Chart

Posted: Mon Dec 11, 2023 5:56 am
by Mikejames2021
Hi Steve,

I've heard of Bill Murdy and I'm aware he is a big supporter of first trade stock charts - I'm not so familiar with any work he's done on commodities. I'm sure the first trade charts have value - provided the correct data is used. I've tended to focus on incorporation charts but that is by no means a rejection of first trade charts. Do you have any particular articles or material produced by Bill Murdy that your recommend?

Re: First Bitcoin Trade Chart

Posted: Mon Dec 11, 2023 6:10 am
by SteveS
Hi Michael, I have nothing on Bill Murdy except a reference to him by the financial astrologer Bill Meridian who said he was a big believer in "first trade" charts. If Bill is still alive and since I have plenty of time on my hands in retirement, I thought if I could find a lead I would try to track Bill Murdy to his contact location.

Re: First Bitcoin Trade Chart

Posted: Mon Dec 11, 2023 9:46 am
by Mikejames2021
Hi Steve.

That is also my understanding regarding Bill Murdy - although I was referencing comments that were made by Ray Merriman. Probably your quickest way to connect with Bill Murdy might be to contact Bill Meridian directly? I'm familiar with Bill Merdian's work and my issue with his approach - which appears to be the common approach used for stock first trade charts - is to simply use the standard time of 09:30am of any stock listed on the US markets for the day of the listing. This technique probably stems from the early work of George Bayer who makes a rather weak argument for this approach. So, the "First Trade Charts" generated by this technique are really not "first trade charts". Obviously, for companies listed prior to the 1990s it's difficult to get the actual time the company's stock first trades - unless you were noting it down at the time. However, for US companies listed from about 1993 forward, that exact data is obtainable from historical tick data services - obviously at a cost.

If you are interested in working with some real "first trade data" for some big US stocks I can send you some data. But my strong recommendation, based on many years working with the data, is to use the actual time the financial instrument trades as you starting point - if you choose to work with first trade data as opposed to incorporation data. Once you have the exact first trade data it's a simple exercise to run that data against 09:30am time and see which one works best. The underlying issue you will find with nearly all financial astrology is the use of erroneous data. I rarely see a "financial chart" in the public domain that is accurate.

Re: First Bitcoin Trade Chart

Posted: Mon Dec 11, 2023 10:17 am
by SteveS
Michael wrote:
The underlying issue you will find with nearly all financial astrology is the use of erroneous data. I rarely see a "financial chart" in the public domain that is accurate.
I hear you Michael, and totally agree! I would be very suspicious too. Plus, I would only trust Sidereal Astrology methods for peering into the future for a “first trade” chart, but always keep an open mind. I have confirmed a-lot of Sidereal Astrology methods to the NYSE 7:52 LMT 1792 Chart and feel very comfortable working with this NYSE chart with "outstanding incident" charts. I see some very interesting symbolism for its 2024 Sidereal Solar Return (SSR), we will discuss later after I go through all the "outstanding incident" SSRs for historical financial panics with NYSE. I would be glad to peer into the future with any “first time” trade charts you have confidence in for its source—with possible future “outstanding incident” charts. Got lots of time on my hands. :)