Bitcoin COT & Data (Week Ending July 31)

Data Summary

Commitment of Traders Report:

COT Report is crazy this week.

  • Dealers STILL have no Long positions & continue to add to their Shorts
  • Institutions added a large amount of Short positions
  • Leveraged Funds net short as always, seems like it. A large, and equal, amount of Longs and Shorts added this week.
  • Reportables piled on the Shorts
  • NonReportables continue to be the only Chads in the room. Their growing net Long position exploded this week.

Bitcoin Hash Rate 7 day rolling average ends the week with a new all time high! Miners are continuing to feel very confident.

Fear & Greed $98XX broken with volume and now the index is sitting at 75! Bulls are getting euphoric.

Bitcoin COT Report

Bitcoin Hash Rate 7 Day Average

Bitcoin Fear & Greed Index


MASSIVE Crypto-Twitter Hack & Scam Alert (Developing)

…and it keep growing.

What started off as a small post and warning to an account hack is turning into a rapidly escalated affair.

How it Began

This first anomaly was this now deleted tweet from a clearly compromised @angeloBTC account

This was confirmed a scam by @CryptoCobain…

…but unfortunately many BTC were lost in the process. But wait, there’s more!

Here we can see the hacked Angelo account RT this Tweet from a compromised @Binance account.

Now we see the same Tweet popping up all around major Crypto-Twitter accounts. So what is happening? A major flaw from Twitter itself or hackers that waited to do a large scale coordinated attack?

Lessons from this is to not send anyone money today until you completely verify. There is NEVER a rush, so if it’s “to good to be true” it probably is. Don’t Trust, Verify!

Here are some of the bigger accounts impacted.

And the list goes on and on. There is LOADS of low follow accounts impacted as well. The scope of this is fairly large. Yikes!

Coin Desk reporting on the hack while not mentioning themselves in the Tweet at least added some humor to the situation.

@IamNomad makes a good point…..

… does @zackvoell

Twitter needs to fix this ASAP as it’s getting out of control.

On the plus side, this is so brazen and obvious that the market has not reacted to it yet. These people could have shorted the market and used these accounts to create panic around blockchain problems or worse. One would assume these are not rich hackers as they are trying to take money and not leverage their wealth against market FUD.

Stay safe. DO NOT send anyone money. Monitor your accounts and password security. Good Luck everyone!

Update #1

Rumor is that Twitter employee panel was hacked.

Update #2

In the midst of the largest hack in Twitter history they decide to roll out a new DM feature like nothing is happening. Holy wow, like….really? LOL. Brutal!

Update #3: Justin Sun Offering a $1 Million Bounty

“We are working closely with Twitter to resolve this issue immediately and return our accounts to normal. We are always vigilant in the handling our accounts; operating safely and responsibly — taking the security of our accounts to the highest standards possible. This only further illuminates the urgent need for our society to adopt decentralized, trustless software and services.”

Update #4: “Blue Check Mark” accounts can not tweet.

Update #5: Verified accounts can Tweet again.


Today’s original article here:

Monero: Chart Supports

Here is an update of a previous Monero chart. It was painting an ugly Head & Shoulders while other AltCoins were bouncing and thus required a “buy the strength” approach. In the last report price had bounced off of support and was resting up against resistance.

The Risk vs Reward of the set up suggested buying the strength of a breakout rather than front-running the Head & Shoulders. That first level has broken and resistance is trying to turn into support. Price is short term bullish above the recently broken resistance.

Disclosure. The author does not own any XMR.


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FileCoin IOU Market

Trading Everything That Moves

The FileCoin FXIL (IOU) chart on Poloniex has been showing some text book market structure & volume profile correlation.

Price is currently ranging, and if you are the “trade anything that moves” type of person, then this is an interesting market to consider. Most new launches see a fairly large amount of volatility. Therefore a break of the range will provide some trend based trading.

Disclosure. The author does not own any FileCoin, XFIL, or IOU’s.


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PIVX Volume Increase

Buyers, Buyers, and more Buyers

The volume on the PIVX PIVXBTC chart is screaming to be noticed. There has been far more interested buyers during this year’s consolidation than last year’s. This should get traders attention because volume often leads price.

Disclosure. The author does not own any PIVX, yet.


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BitTorrent Volume Profile

Will Volume Lead Price?

The volume profile on the BitTorrent BTTBTC charts at Houbi(first chart), Bittrex(second chart), and Bitfinex(not shown) are all indicating more buyers than sellers over the past months.

The Houbi chart is showing a move back above resistance today after spiking though it last week with high volume. There is function technology associated with BTT, therefore it seems like only a matter of time before the price moves.

Disclosure. The author does own BTT.


FLO:Is It Alive? (FLO/BTC)

A Rising Tide Lifts All Boats?

FLO has seen better days and hopefully can stay alive. With so many other coins lifting off of their price floors this one is staying remarkably flat.

The mid-term chart(chart #2) has rarely seen a daily close below 250 sats. The long term chart(chart #1) shows that the mid-term consolidation is also right near long term support levels.

I suggest looking into it more and see if it’s worth your bids. You know…DYOR, haha. If it is worth while then it might make more sense to buy the breakout, which isn’t far away, in case it does not follow the rest of the altcoin market.

Click to Enlarge
Click to Enlarge

Disclosure. The author does not own any FLO.


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