The market is moving boringly, so let's continue researching #BTC options.


Three GEX tools compared: All confirm that the area around 90K is a price quagmire, and that 88k and 92k are the real key points of divergence!
I've been studying GEX for a week or two now and found that each tool calculates GEX differently...
I'm still in the process of verifying which tool's model is more accurate. Let's do a collective review today.
Chart 1: cryptogamma
This is a relatively new tool, and the author hasn't even written a clear help document yet... But after some previous verification, the understanding seems okay.
From this, we can see that the current 88k~92k range is pretty mixed, with gamma slightly positive... Positive gamma overall will reduce volatility...
But if it drops below 88k, it will enter a negative gamma zone, which will accelerate volatility... (This matches the candlestick chart, where 88k has supported two waves; if it drops below 88k and fails to recover, it could slide down to the 87~85k range.)
Above 92k is all a positive gamma area, which will reduce volatility. So if the price wants to go up, it will be hard to break through quickly; it'll have to grind upward slowly (which matches the heavy sell pressure above 94k).
Chart 2: laevitas
This is a newly acquired tool... Overall, it's more professional...
Here is their GEX analysis.
Currently, the area near 90k is a very large positive gamma zone, so volatility is suppressed... (which matches the sticky price action around 90k from yesterday to today)
Both 89k and 91k are neutral zones, so they won't have much impact on price.
88k only has slightly negative gamma... If it drops below 88k and fails to recover, it will only slightly accelerate the downward movement...
Further down, 87k~85k is again a large positive gamma buffer zone, which suppresses volatility...
(Potential stopping point for a drop)
Looking up, 92~93k is a negative gamma area, meaning if the price stabilizes above 92k, volatility will increase and it could easily move up further...
But 94~95k is again a positive gamma buffer zone, meaning if the price rises, it will encounter significant resistance at 94-95k (which matches the sell orders above 94k).
However, if the price can keep pushing up to around 96k, a huge gamma starts at 96k, which would amplify volatility...
If it breaks and holds above 96k, it could quickly move to 98k or even towards 100K.
100K is again a positive gamma buffer zone, so breaking above that won't be easy...
Chart 3: from kingfisher
Currently shows full screen positive gamma, similar to the positive gamma around 90k shown by the other two tools...
But the other ranges don't display correctly, so it's not referenced for now.
Conclusion:
The positive gamma around 90k is the common conclusion among several tools. The current market also shows a very positive gamma state (volatility suppressed, oscillating around 90k).
The key price points are around 88k and 92k... After breaking through either of these, which tool's prediction holds true will need to be verified by the price action
(For example, after breaking below 88k, where will it stop? After breaking above 92k, will it accelerate or decelerate?)
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Cryptogethervip
· 17h ago
HODL Tight 💪
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