Archive for Cryptocurrencies – Page 2

How Bitcoin Will Make You Big Money Again

By TheTechnicalTraders.com

If you are a Bitcoin fan or looking for the next opportunity for a Bitcoin rally, you may not have long to wait before a price breakout takes place.  Our research team, at www.TheTechnicalTraders.com, believes a price breakout may occur before the end of 2018 – the only question is will it be a breakout rally or a breakdown crash before the next mega rally?

Cryptos and, in particular, Bitcoin has increased in popularity and adoption over the past 24 months across the globe.  Recently, Citigroup has announced new technology making Crypto transactions more secure and reducing the risk of such transactions.  Additionally, Circle recently announced a US Dollar based Crypto-currency that is backed by Goldman-Sachs.  News from Europe is that the EU has been urged to adopt common Crypto-Currency rules that will fuel more attention and enterprise on developing suitable Crypto solutions for the European markets.

All of this plays into our research that a breakout/breakdown is inevitable and it is just a matter of time before this coiling price consolidation “apexes” and expands.

This chart shows massive breakdown washout below $6000 taking it back to prices before crypto became popular in early 2017.

This next chart below shows our cycle analysis and how much bitcoin moved from our cycle bottoms to tops. We are now at NEARING a critical juncture of a $6000 breakdown which is clearly a support level, and a potential major cycle bottom or continuation down cycle. Huge money can be made from this extreme volatility that is about to unfold and savvy technical traders can see the profit potential unfolding.

We urge all traders to keep Cryptos in focus over the next few weeks and months.  Our research team shares our proprietary analysis and research with our paid members regarding the Crypto-currency trends and trades.

If you want to learn what we believe will be the next big move in the Crypto markets, then visit www.TheTechnicalTraders.com to learn more.  Our proprietary modeling systems are clearly showing us what we should expect over the next few weeks and months.  As a member, you will have access to this research and benefit from our Daily Research Videos.

Chris Vermeulen

By TheTechnicalTraders.com

Still no demand for bitcoin

By Tomasz Wisniewski, Alpari

Let’s start Monday with a quick look at the cryptocurrency market, with bitcoin serving as the most popular representative. We can see that BTC is smoothly falling down, almost like a leaf in autumn. Is there any hope that crypto traders will be popping champagne bottles again anytime soon?

No, not really. Since the end of July, the price has bounced from the long-term downwards trend line (blue), and then tested the ultra important horizontal support around 5,800 USD (yellow). After this, we got a very technical correction shaped like a flag (red lines). With this flag, we tested the trend line again, and again we ended up with a drop. The lower line of the flag was broken and the price aimed at the yellow area for the 7th time this year. Buyers probably think that it is a great opportunity, but if we check the big picture here, we are in a large descending triangle pattern (upper blue, lower yellow).

In theory, that should result in a massive bearish breakout, and as they often say in the crypto community: “Silence of the Lambos” [Silence of those who bought Lamborghinis, when the price was high]. Do not take that for granted though. A proper sell signal will be triggered when we close the day below the yellow area. As long as we hold (or hodl?) above this level, there is still hope for crypto-maniacs!

Bitcoin Speculators edged their bearish net positions lower this week

Sept. 8th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators decreased their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,368 contracts in the data reported through Tuesday September 4th. This was a weekly boost of 104 contracts from the previous week which had a total of -1,472 net contracts.

Speculative bearish bets dipped this week and have trended lower for three out of the past four weeks.

The small trader position, meanwhile, slightly cut back on their existing bullish positions this week by an equally offsetting -104 contracts to a current bullish level of 1,368 net contracts.

Bitcoin Futures COT Data: Speculators vs Small Traders

The Bitcoin futures data is in its thirty-eighth week since the beginning of the cryptocurrency futures data releases on December 19th 2017. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).

Speculators continue to be on the bearish side of this market while the small traders have remained on the bullish side since the beginning of the bitcoin data releases.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $7350 which was a gain of $260 from the previous close of $7090, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.comReceive our weekly COT Reports by Email

Fibonacci Retracements Analysis 07.09.2018 (BITCOIN, ETHEREUM)

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, BTCUSD has quickly formed the descending impulse to correct the previous uptrend by 76.0%. The next possible downside target is the low at 5890.00.

BTCUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, after finishing the descending impulse, the pair started a new rising correction, which has already reached the retracement of 23.6% and may continue trading towards the retracements of 38.2% and 50.0% at 6692.00 and 6829.00 respectively. The support level is the low at 6250.00.

BTCUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, the downtrend continues. After breaking the support level at 250.59, ETHUSD has reached the post-correctional extension area between the retracements of 138.2% and 161.8% at 223.70 and 206.95 respectively. At the same time, one can see the convergence being formed.

ETHUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is being corrected upwards. After reaching the retracement of 23.6%, the instrument may continue trading to the upside. The possible targets may be the retracements of 38.2% and 50.0% at 240.50 and 250.59 respectively. The support level is the low at 206.95.

ETHUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Three Kinds of Crypto Trader that can affect your investments.

By Amie Parnaby

It is a truth universally acknowledged in the trading world that for someone to come out on top, someone else has to lose. It’s a simple fact of maths, but one that few of us wish to dwell on.

In the established markets of Stocks, Forex and Index trading there are strict and reasonably fair rules, to which everyone (should) adhere. Everyone has access to the same data and winners are determined by their best extrapolation of that data.

However, cryptocurrency is still an infant in comparison to these old and established markets, and strict discipline and standards have not yet caught up with the increasing popularity. Players and markets don’t play by the rules of the old order, and so far regulation hasn’t caught up with them, yet.

Three major players will mess with your analysis and can seriously affect your cryptocurrency investment:

Whales

Essentially, those with so much investment in the crypto-pool that any significant movement makes big waves in the markets.

Most people have never actually had an encounter with a whale, but that doesn’t stop people labelling them the cause of all severe upheaval in the markets.

Unfortunately, given the comparatively small pool that crypto trading inhabits in the financial world, large-scale transactions can cause havoc with regular trading patterns which aren’t usually noticeable until after the fact.

Some tricks that whales have been known to use to manipulate the markets are:

Stop-loss hunting

Intentionally pushing down prices to trigger stop-loss orders. Whales have enough holdings to maintain a slew of sell orders which in turn drives prices down.

Once the price has dropped to a significant point (one where most traders will have sold to mitigate their losses), the whale then makes a complete 180-degree turn and buys up all of the sold coins at the lower price.

They then wait for the market to recover before selling the coins.

Spoofing

This is a common strategy used to manipulate the market. It means creating ‘spoof’ trades with every intention of cancelling them before they are filled.

By placing a substantially large buy order under a much smaller buy, order sends a bullish signal to the market and investors.

The ‘spoofer’ then cancels their entire order, but the bullish signal has already happened. As the price starts to rise the spoofing trader begins to sell his coins.

This also works when sending bearish signals and placing sell orders too.

Insider Traders

According to the SEC  insider trading is defined as “any securities transaction made when the person behind the trade is aware of non-public, material information.” So far the SEC hasn’t made any definitive decisions on any particular cryptocurrency, so it doesn’t apply in the cryptosphere. Most traditional markets with better-defined regulations have made insider trading illegal.

One incidence occurred when Coinbase tweeted that it was going to add Bitcoin Cash to the exchange, but before that information was made public, the price and trading volumes had a very suspicious surge.

Another incidence involved the South Korea Financial Supervisory Service, who knew that new cryptocurrency trading restrictions would come in to play but still made trades before the announcement. While it has been accepted that trading violations had occurred the response was unrepentant and stated that as there is no code of ethics and no specific regulation, then it’s very hard to issue a punishment.

Pump & Dump Executives (P&D)

Pump and Dump Execs are the top echelon of the P&D groups are market manipulators. Pumping takes a cheap asset, artificially inflates the price. Then, when the price begins to inflate rapidly, everyone who is a part of the Pump & Dump Group will sell at the inflated price, consequently creating a ‘dump’ as all of the group sells out at once.

P&D Execs find a coin that has a large social community, advertising ability a small order book and low trading volumes, between them these qualities make a coin easy to manipulate

The execs will start off by surreptitiously buying the asset while it’s cheap, being very careful to avoid creating bullish signals with their purchases. Once they have bought into the coin, they will spread the buy signal to their group members who will buy in and then start ‘shilling’ the coin it’s going to the moon because… (pick a reason that might sound feasible, the rumour of a coinbase add or partnership updates)

As the price rises with all of the additional input and increased trading volumes, the execs sell-out. Once they have got out, they spread the signal to their disciples who then also get out and the coin ‘dumps’. Quite often all the way down to its pre-pump level.

The slowest off the mark loses out.

There are a lot of these P&D groups

So it’s rigged?

Yes and no, at present with every government on the planet making different decisions on how to regulate cryptocurrency the rules are not yet in play so at present it’s every man for himself. The wheels of regulation turn slowly.

Technical analysis has always been the best way to look at crypto investing, but the traditional methods don’t work almost 50% of the time. One trick to making TA work for crypto investing is to learn the patterns inherent in the pump and dump schemes, spoofing and sudden turns when whales are stop-loss hunting. It is a learning process for everyone.

Eventually, the regulatory services will get their collective acts together, and practices such as insider trading will become less prevalent than they are now. Where trading violations happen, they can be punished.

The crypto market is the wild west and we young pioneers have to accept that law and order take time to take hold and establish themselves. All we can do is learn to spot the trends that accompany the nefarious trades.

About the Author:

Amie Parnaby is a professional writer and her experience spans a broad range of industries, from I.T. to training and optics to banking. Currently, Amie is the content writer for Terrexa – your entry point for crypto.

 

 

RoboForex Raises Leverage for Cryptocurrencies Up to 1:50

03.09.2018 – Limassol, Cyprus

RoboForex, an international company that provides its clients from different countries all over the world with brokerage services, is pleased to announce the increase of the leverage value for trading operations involving cryptocurrencies. Starting September 1st 2018, RoboForex clients will have an opportunity to trade cryptocurrencies with the leverage up to 1:50.

RoboForex is actively expanding the Company’s services and improving trading conditions for its clients. From now on, traders with Pro-Standard, ECN-Pro, and Prime accounts will have an opportunity to trade all available cryptoinstruments with the leverage up to 1:50. The new leverage value is available in MetaTrader 4, MetaTrader 5, and R Trader for 7 cryptocurrencies (Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Litecoin, and Ripple). These changes will affect both already open and newly opening positions in cryptocurrencies. Previously, the maximum admissible leverage value ranged from 1:1 to 1:10 depending on the account type.

Denis Golomedov, Chief Marketing Officer at RoboForex, is commenting: “Many of our clients trade cryptocurrencies. It’s really important for them to cooperate with the broker, which provides the most comfortable trading conditions and highest security level when they trade these instruments. The increased leverage will allow our clients to implement a wider range of trading strategies and significantly increase their trading volume.”

About RoboForex

RoboForex is a company, which delivers brokerage services on a world-wide basis. The company provides traders, who work on financial markets, with access to its proprietary trading platforms. RoboForex Ltd has the brokerage license IFSC/60/271/TS/17. More detailed information about the Company’s activities and operations can be found on the official website at www.roboforex.com.

 

 

Bitcoin Speculators added to their bearish net positions this week

Sept 1, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators raised their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,472 contracts in the data reported through Tuesday August 28th. This was a weekly decrease of -206 contracts from the previous week which had a total of -1,266 net contracts.

Speculative bearish bets rose for the first time in three weeks after last week falling to the lowest bearish level since Bitcoin futures trading and data releases began in December 2017.

The small trader position, meanwhile, raised their existing bullish positions this week by an equally offsetting 206 contracts to a current bullish level of 1,472 net contracts.

Bitcoin Futures COT Data: Speculators vs Small Traders

The Bitcoin futures data is in its thirty-seventh week since the beginning of the cryptocurrency futures data releases on December 19th 2017. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).

Speculators started off and have continued to be on the bearish side of this market while the small traders have remained on the bullish side since the beginning of the bitcoin data releases.

Bitcoin per USD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $7067.14 which was an increase of $603.02 from the previous close of $6464.12, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.comReceive our weekly COT Reports by Email

What’s So “Cryptic” About Trading Cryptocurrencies?

Lots and lots. Trading is not easy, period. But a few things can help.

By Elliott Wave International

Here’s a cool parlor trick: If you want to bring a loud, rowdy room to a screeching silence, ask if anyone can explain how cryptocurrencies work.

Cue crickets chirping.

Turns out, the “crypto” part of the name originally signified the encrypted nature of digital assets and their anonymous owners. But it’s proven foretelling, as cryptocurrencies have become synonymous with a cryptic impenetrability the likes of which no modern mainstream financial market — especially not one so fervently embraced — has known.

Even the experts are stumped by the exact logistics involved in cryptocurrencies, as these recent opinions suggest:

  • “[Cryptocurrencies] are volatile by nature and thus don’t follow traditional rules and conventions.” (May 22 Coindiary.net)
  • “The public’s fascination with cryptocurrencies is tied to a sort of mystery, like the mystery of the value of money itself, consisting in the new money’s connection to advanced science. (May 21 The Guardian)

That’s the bad news.

But we’re happy to bring you the good news; namely: You don’t have to understand how cryptocurrencies work in order to forecast them.

For Elliotticians, the ultimate skeleton key to unlocking the mystery price moves of cryptocurrencies is Elliott wave analysis. After all, cryptos, like any other market, are traded in the open marketplace, where big groups of buyers and sellers try to outsmart each other, bidding prices up or down. Whenever large groups of people engage in collective activities, group psychology emerges. And few other market-forecasting tools are as good at predicting changes in market psychology as Elliott waves.

Our new, in-depth report titled Crypto Trading Guide: 5 Simple Strategies to Catch the Next Opportunitytells you more.

Here’s an excerpt from chapter one:

Strategy #1: Stand Apart from the Crowd’s “Madness”

The 2013 Amazon Finance bestseller, Visual Guide to Elliott Wave Trading, states,

“If you aim to be a consistently successful trader, then you must have a defined forecasting methodology — a simple, clear, and concise way of looking at markets to predict what’s coming. Guessing or going on gut instinct won’t work over the long run.

“If you don’t have a defined methodology, then you don’t have a way to know what constitutes a buy or sell signal.”

For thousands professional and individual traders around the world, that methodology is the Elliott Wave Principle. If you’re new to it, you can summarize its basic tenets as follows:

  • Group psychology swings from excessive optimism to pessimism, and back again
  • In the markets, group psychology forms repeating patterns in price charts
  • Because these price patterns repeat, they are also predictable

Once you know which of the 13 known Elliott wave patterns your market is in, you can make a probability-based forecasts as to what’s next.”

But what about using this methodology on actual cryptocurrency price charts?

Well, let’s pick the world’s largest and first-established market, Bitcoin. On July 12, Bitcoin was eight days into a pernicious losing streak with no obvious relief in sight. Wrote one July 12 news source:

“Bitcoin is spiraling downwards, and this time the downside seems unstoppable.” (FX Street)

But for our Cryptocurrency Pro Service team, a very telling price pattern emerged front and center on Bitcoin’s chart: an Elliott third wave. On July 12, Cryptocurrency Pro Service prepped the bullish stage and wrote:

“A swift move up through 6390.04 will add confidence to the idea wave (ii) has bottomed and Bitcoin is headed higher. A third-wave advance, wave (iii) should eventually see Bitcoin trade well above 7000.00.

180823NICO1

The next chart moves forward in time and shows how Bitcoin’s prices rose, in-line with the Elliott wave rally scenario:

180823NICO

The truth is, cryptocurrencies are cryptic. Heck, when’s the last time a secret person with a fake alias created an untraceable currency for people to trade on an unregulated platform? Try NEVER!

Cryptocurrencies are also volatile, and thus risky as powder kegs. Every day, a new alt ICO coin debuts, named after some science fiction character or comic book hero (see: DASH, RIPPLE, NEO, TRON, and so on). Maybe one day, one of them will become another Bitcoin.

For those investors willing to commit to only the most reputable and proven crypto markets, and to choosing price charts that only exhibit clear and definable Elliott wave patterns — there is a way to probe the mysterious nature of crypto markets and identify high-probability setups.

Our free report Crypto Trading Guide: 5 Simple Strategies to Catch the Next Opportunityexplains more. Each chapter demonstrates the power of the Elliott Wave Principle to explain some of the most unforgettable recent moves in the world’s top three cryptocurrencies: Bitcoin, Litecoin and Ethereum.

The free report gives you real-world charts and commentary from our top analysts as they navigate near- and long-term trend changes few others saw coming.

For example, remember back in 2012, when Bitcoin’s reputation and value was being bludgeoned to a pulp? One coin was barely worth $10. And yet, our president and Elliott Wave Theorist editor, Robert Prechter, saw a sea change in the currency’s future.

Here again, Crypto Trading Guide: 5 Simple Strategies to Catch the Next Opportunitywrites:

Consider this quote from the August 2012 issue of The Elliott Wave Theorist:

“Presuming Bitcoin succeeds as the world’s best currency — and I believe it will — it should rise many more multiples in value over the years.

“Be prepared to ignore the bad news, which will give other investors reasons to justify selling at the bottom.”

Result: Bitcoin went from $15 per coin in 2013 to $20,000 at its height in December 2017 — a gargantuan 133,233% gain.

The key to success in cryptos is to approach this wild market in a way that insulates you from the hype, frenzy and rumors — and helps you act when others flounder. Our free crypto trading guide helps you do exactly that. Read the complete Crypto Trading Guide: 5 Simple Strategies to Catch the Next Opportunity now to better understand this fascinating market and all the potential opportunities it can offer.

This article was syndicated by Elliott Wave International and was originally published under the headline What’s So “Cryptic” About Trading Cryptocurrencies?. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

deVere CEO: Bitcoin’s sell-off was simply standard market correction

By George Prior

The recent sell-off of Bitcoin and other cryptocurrencies was simply a standard market correction, observes the CEO of one of the world’s largest independent financial advisory organizations.

The comments from Nigel Green, founder and chief executive of deVere Group, come as Bitcoin – the world’s biggest cryptocurrency by market capitalization – was close to almost its lowest point of the year two weeks ago and continued its bearish action last week.  Other major digital currencies also experienced a sell-off over the last fortnight.

But the crypto market headed back into the green on Monday, posting positive results as the bulls push Bitcoin back on a rally.

Mr Green, whose firm launched the cryptocurrency exchange deVere Crypto at the beginning of 2018, says: “Cryptocurrency markets are subject to volatility more than traditional ones.

“Despite what the doom mongers would want you to believe, the recent sell-off was only ever going to be temporary and prices were bound to rise again relatively quickly – as they are now doing.

“Previous to this sell-off, in recent weeks Bitcoin had experienced a pretty impressive rally, peaking at around $8,300. As such, what happened over the last fortnight was simply a standard crypto market correction.”

He continues: “For many investors, such volatility, of the kind that we saw recently, is used as a welcome buying opportunity.

“They look at the bigger picture. That’s to say, in today’s world, a digital, global currency simply makes sense to them. Or to put it another way, they believe that cryptocurrencies are the future of money.

“Such investors also appreciate that institutional and regulatory support is increasingly inevitable and could happen sooner than many previously expected.

“In addition they are seeing for themselves how more and more global financial institutions, major corporations and household name investors are now working with cryptocurrencies and blockchain, the technology that underpins them.”

Mr Green goes on to say: “Increasingly, savvy investors are aware that what is taking place is a maturation of a relatively new market – hence the highs and lows almost every other week.

“As such, they understand that they either have to buy and take a long-term approach – as is typically the best approach with almost all investing – or be prepared to miss the boat.”

The deVere CEO concludes: “As anyone who has analysed the sector in recent years will know, the dips and peaks are a usual part of the cryptocurrency market.”

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

 

 

Bitcoin Speculators cut their bearish bets to lowest since 2017

August 25th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators cut back on their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,266 contracts in the data reported through Tuesday August 21st. This was a weekly increase of 266 contracts from the previous week which had a total of -1,532 net contracts.

This week’s cut back in bearish bets by the speculators brings the overall net position standing to the least bearish level since the beginning of the Bitcoin data releases in late 2017. The previous lowest bearish position was the first data release when the net position totaled -1,371 contracts.

On the flip side, the small trader position decreased their existing bullish positions lower this week by an equally offsetting -266 contracts to the current bullish level of 1,266 net contracts.

Bitcoin Futures COT Data: Speculators vs Small Traders

The Bitcoin futures data is in its thirty-sixth week since the beginning of the cryptocurrency futures data releases on December 19th 2017. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).

Speculators have been on the bearish side of this market since the beginning of the bitcoin data releases while the small traders continue to remain on the bullish side of this market.

Bitcoin per USD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $6468.31 which was a rise of $352.1 from the previous close of $6116.21, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.comReceive our weekly COT Reports by Email