Bitcoin COT & Data (Week Ending July 3)
Data Summary Commitment of Traders Report: Leveraged Funds continue to add to their large Short position Dealers and Institutions are taking opposite sides of the trade Nonreportable Positions yet again continue to be unshaken from their Long positions Bitcoin Hash Rate continues to consolidate. Fear & Greed is completely unchanged from last week. Indecision until $98XX is broken […]
Tezos Entering Major Support
Double the Support The Tezos XTZBTC chart has price dipping into a major support zone. This is defined by the Long raid of breakout traders inside the pink box. The second is the old high on the left side of the chart that has already acted like support. Bears bots will likely pile in below […]
Bitcoin Dominance July 2020
Holding Support Bitcoin Dominance begins July sitting on a horizontal and sloping trend support after spending most of June sideways. A break from sideways movement into a directional movement is very likely this month. Disclaimer
Bitcoin, the S&P500, and the Coronavirus
Correlation, and Case Loads Though I could ramble on with nuance details about these 4 charts it’s actually a very simple relationship between Bitcoin, the S&P500, and the Coronavirus. Chart 1 shows that during uncertain times Bitcoin and the S&P500 are very correlated. Chart 2 shows the S&P in pullback mode with the supports & […]
Bitcoin COT & Data (Week Ending June 26)
Data Summary Commitment of Traders Report: Institutional’s added to their Long positions by nearly 50% this week Leveraged Funds are still heavy Short and adding Nonreportable Positions continue to be unshaken from their Long positions Bitcoin Hash Rate continues to consolidate. Sustained movement under $9000 will show how confident miners are. Fear & Greed has seen little change […]
@djthistle01 on Cointelegraph
Cointelegraph: Crypto Markets Live Cointelegraph invited me to be part of a show today. There is market analysis for the first hour. The final 15-20 minutes is a small presentation on the long term & mid term correlations between markets and planetary cycles. Below is most of the key materials discussed in the video. I […]
Bitcoin: Short Term Price Levels
Chart 1, Bitcoin 4H Bitcoin short term price levels are drawn to highlight the closest stop raids trends will gravitate towards. Heaps of pressure in the 9800’s. Lots of volume will be needed to break that level. Chart 2, Bitcoin 1D This is the daily chart and the Bitcoin price levels from the 4H chart […]
Bitcoin & Summer Solstice
Happy Summer Solstice! Regardless of time scale, 1Week or 1Hour charts, markets are continually compressing and releasing. We see this in price charts with accumulation or distribution releasing in to bullish or bearish trends. Summer Solstice is a time of year that tends to to be near the edges of price compression before entering a […]
Bitcoin COT & Data (Week Ending June 19)
Data Summary Commitment of Traders Report: Institutional’s added to their Short positions this week Nonreportables trimmed their Longs again Much like last week Leverage Funds continue to be strong to the Short side with little change Bitcoin Hash Rate continues some wild swings on the 7 day rolling average chart. The next push under 9K should show […]
Ethereum Classic Still Repeating Market Structure
Market Market Algorithm Still on Auto Pilot Very quick update from the original article and chart from May 3rd (as seen below). If the pattern continues the next step to watch for is a move higher on the StochRSI to from some sort of “base building” on the price chart. Stay vigilant. Article from May […]
RavenCoin Buy Volume
A Noteworthy Volume Anomaly There is noticeable volume action on the RVNBTC recently. The first chart shows 2 key things: After the last low was broken the 2 subsequent dips were bought-up and not sold-down The recent buy sideways consolidation volume is higher than the previous sideways consolidation lows buy volume Zoom In The 2nd […]
