Archive for Cryptocurrencies – Page 2

Fibo Analysis for Bitcoin and Ether: 29/03/2019

Article By RoboForex.com

Bitcoin

On H4, the BTC stopped correcting and started testing 76% Fibo again. If the rally continues, the crypto may reach not only the high at $4,188.40, but also the range between 138.20%-$161.80 ($4,393 to $4,518). The support is meanwhile at 38.20% ($3,857.50).

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

On H1, the BTC is falling after the divergence, with the descending trend targeting 23.60% ($4,003), 38.20% ($3,975.50), and 50% ($3,953). The resistance is at $4,048.70.

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

Ethereum

On H4, the Ether is still correcting upwards. This correction trend has tested 38.20% for the third time and may head further to 50% ($144.30), 61.80% ($149.40), and 76% ($155.60). The support is meanwhile at $122.57.

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

On H1, the Ether is downtrending, falling towards 38.2% (136.16) and 50.0% (135.12) Fibo. Meanwhile, the local resistance is at 139.62.

ETHEREUM

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.

Bitcoin Speculators edged their bearish bets lower for 2nd week

March 23rd – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators reduced 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 -1,286 contracts in the data reported through Tuesday March 19th. This was a weekly rise of 45 net contracts from the previous week which had a total of -1,331 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -172 contracts to a weekly total of 1,780 contracts but were more than offset by the gross bearish position (shorts) which saw a decline by -217 contracts for the week to a total of 3,066 contracts.

The net speculative position has been ebbing and flowing, back and forth, week to week, with not much ground being gained either way. In fact, with open interest falling this week by 759 contracts (an 18% weekly decline), this market is currently at the lowest level of open interest since the first week of Bitcoin futures trading (in December 2017) and in a very sleepy place.

Bitcoin Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 0 contracts on the week. Bitcoin has not had any commercial positions for the past two weeks. This could be due to the fact that with very low interest at the moment, there are no entities with enough open positions to satisfy the CFTC requirements for large commercials.

Small Trader Positions:

The small traders position, a mix of hedgers and speculators that don’t meet the requirement for large traders, fell for the second straight week to a total of 1,286 net contracts. This was a weekly decline of -45 contracts from the previous week.

The small trader position has also not seen much movement with contracts hovering between +1,000 and +1,500 net positions over the recent weeks and months.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3995 which was an increase of $150 from the previous close of $3845, 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

Fibo Analysis for Bitcoin and Ether: 22/03/2019

Article By RoboForex.com

Bitcoin

On H4, the Bitcoin is forming an ascending trend after correcting. This uptrend has reached the 61.80% Fibo; the local pullback has sent the crypto to the support at $3,858, and the next ascending trend target lies at $4,188.40. In case this high gets broken out, the price is likely to go up to reach the extension of 138.20%-161.80% Fibo, or $4,393 to $4,519.

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

On H1, the Bitcoin has diverged and then reached 38.20%, and may head further down to 50% ($3,864) and 61.80% ($3,819). The resistance is at $4,058.20.

BTCUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Ethereum

On H4, the Ether is approaching 50% Fibo, or $144.33. The next uptrend targets may lie at 61.80%, or $149.45, and 76%, or $155.58. If a downside move occurs, the price may hit the low at $122.57, and then 76% Fibo, or $115.95.

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

On H1, the Ether has formed a correction downtrend that reached 76.% Fibo. The local support is meanwhile at $128.20. If the resistance at $137.71 gets hit, the price will try to reach then the local high at $143.58.

ETHUSD2

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.

Bitcoin Speculators lessened their bearish bets this week

March 16th – 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 -1,331 contracts in the data reported through Tuesday March 12th. This was a weekly change of 107 net contracts from the previous week which had a total of -1,438 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 163 contracts to a weekly total of 1,952 contracts which more than offset the gross bearish position (shorts) which saw an increase by 56 contracts for the week to a total of 3,283 contracts.

The speculator positioning has been above the -1,000 contract level for six straight weeks after falling below this threshold in late January.


Bitcoin Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 0 contracts on the week. This was a weekly advance of 90 contracts from the total net of -90 contracts reported the previous week.

The commercial position has now gone back to zero (no hedgers in the market) after these positions started showing up in the data in November.


Small Trader Positions:

The small traders position, a mix of hedgers and speculators that don’t meet the requirement for large traders, fell for the first time in six weeks to a total of 1,331 net contracts. This was a weekly decline of -197 contracts from the previous week.

The small trader position had risen to the most bullish level since December 18th before this week’s retreat.


Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3845 which was an uptick of $10.00 from the previous close of $3835, 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

Bitcoin Speculators raised their bearish bets for 4th time in 5 weeks

March 9th – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators advanced their bearish net positions in the Bitcoin futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The latest COT data is now up to date after delays in previous weeks due to the government shutdown.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,438 contracts in the data reported through Tuesday March 5th. This was a weekly change of -158 net contracts from the previous week which had a total of -1,280 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 239 contracts to a weekly total of 1,789 contracts but being more than offset by the gross bearish position (shorts) which saw a rise by 397 contracts for the week to a total of 3,227 contracts.

The net speculative position has had rising bearish bets in four out of the past five weeks. Speculators continue to remain on the bearish side of this market since the start of Bitcoin futures trading in December 2017.

Bitcoin Commercial Positions:


The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -90 contracts on the week which was unchanged from the previous week.

The commercial positions started getting included in the data in November after approximately a year of just speculative and small trader contracts being available.

Small Trader Positions:

The small traders position, a mix of hedgers and speculators that don’t meet the requirement for large traders, gained for a fifth straight week to a total of 1,528 net contracts. This was a weekly gain of 158 contracts from the previous week.

The small trader standing is now at the most bullish level since December 18th.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3835 which was a rise of $60 from the previous close of $3775, 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 08.03.2019 (BITCOIN, ETHEREUM)

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the correction is slowing down. After reaching the retracement of 61.8%, BTCUSD is trying to form a new rising wave; the first upside target is the high at 4188.40. After breaking the high, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 4393.00 and 4519.00 respectively. The next downside target may be the retracement of 76.0% at 3543.00. The key support is the low at 3121.90.

BTCUSD1
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 and has already reached the retracement of 38.2%. The next targets are the retracements of 50.0%, 61.8%, and 76.0% at 3921.00, 3986.00, and 4059.00 respectively. The local support is the low at 3652.60.

BITCOIN
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, after reaching the retracement of 61.8%, the pair started a new pullback to the upside. The target is the high at 166.04. In case the price resumes falling, the next target will be the retracement of 76.0% at 115.90.

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

In the H1 chart, ETHUSD is being corrected upwards and has already reached the retracement of 23.6%. The next targets are the retracements of 38.2% and 50.0% at 141.67 and 146.30 respectively.

ETHEREUM

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.

Bitcoin Speculators raised their bearish bets for 3rd week. Commercials go bullish

March 2nd – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

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

This latest COT data is from the middle of February due to the government shutdown which suspended the releases for approximately a month. The CFTC is releasing data on Tuesdays and Fridays going forward until the data is back up to date.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,439 contracts in the data reported through Tuesday February 19th. This was a weekly reduction of -210 net contracts from the previous week which had a total of -1,229 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -14 contracts to a weekly total of 1,508 contracts compared to the gross bearish position (shorts) which saw a gain by 196 contracts for the week to a total of 2,947 contracts.

The speculative Bitcoin positioning saw rising bearish bets for three straight weeks through February 19th and leveled at its most bearish standing since August 28th.


Bitcoin Commercial Positions:


The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 106 contracts on the week. This was a weekly increase of 38 contracts from the total net of 68 contracts reported the previous week.

The commercials position rose higher into a bullish standing after spending their previous positionings in bearish territory. The commercial positions started getting included in the data in November after approximately a year of just speculative and small trader contracts being available.


Small Trader Positions:

The small traders position, a mix of hedgers and speculators that don’t meet the requirement for large traders, rose for a third week to a total of 1,333 net contracts. This was a weekly gain of 172 contracts from the previous week.

The small trader position was at the most bullish level since January 15th and have maintained a bullish position in Bitcoin futures since the beginning in December 2017.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3935 which was a rise of $330 from the previous close of $3605, 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 01.03.2019 (BITCOIN, ETHEREUM)

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the correction is slowing down. BTCUSD has reached the retracement of 61.8%. The next downside target may be the retracement of 76.0% at 3543.00. The key support is the low at 3121.90, while the resistance level is the high at 4188.40.

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

In the H1 chart, the convergence made the pair reverse and start a new pullback, which has already reached the retracement of 38.2%. The next targets are the retracements of 50.0% and 61.8% at 3921.20 and 3983.00 respectively.

BTCUSD
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, there was the divergence on MACD and after getting closer to the retracement of 61.8% at 125.20, the pair started a new pullback. In case the price resumes falling, the next target will be the retracement of 76.0% at 115.92. The key resistance level is at 166.04.

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

In the H1 chart, the short-term correction has already reached the retracement of 23.6%. The next targets are the retracements of 38.2% and 50.0% at 141.67 and 146.30 respectively.

ETHUSD
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.

Cryptocurrency Trading Hacks: For Newbies & Pros Alike

By Sarah Pritzker

Cryptocurrency is the bipolar of the trading world. The volatility is insane; you’ll see major swings from 12% to 300% in a single day! With movement like this, it can be hard for anyone, let alone a newcomer to the cryptocurrency exchange, to make heads or tails of the market. Good news is there are a lot of people doing research on this exact topic (like us!) who can help you figure out the best way to turn a profit when cryptocurrency trading.

So, if you’re in the mood to make some money but can’t make sense of all the cryptomarket lingo, check out some of these cryptocurrency trading hacks (spoiler, there are hacks for novices and experienced traders, so skip the first few if this isn’t your first rodeo).

Cryptocurrency Trading Hack #1: Start at the beginning

If you’re a newbie to the world of cryptocurrency trading, then the first and most important hack you can hear about is to learn! Jumping in without knowing what you’re talking about is a guaranteed recipe for disaster. So, before you put your money where your mouth is, get educated. Understand the market, terms, and trends. Know what terms like falls, rises, volatility, and swing trading mean. Understand what blockchain is and how it helps. Learn the different trading strategies and when to use which.

Dylan from Six-Figure Marketers Club put out one of the best beginner’s cryptocurrency trading strategy videos. It starts at the beginning and proceeds to walk you through all the basics you’ll need to start trading bitcoin. The best part of this video (and all his videos, really) is that he speaks English clearly! You’d be surprised how difficult it is to find a good cryptocurrency video tutorial by a native English-speaker, so Dylan’s stuff is really golden.

What’s more, Dylan explains everything clearly, so you will really walk away from this video understanding the ABC’s of cryptocurrency trading. As they say, knowledge is power!

Cryptocurrency Trading Hack #2: Only invest what you can afford to lose

Ok, this one doesn’t seem like a pro tip, but if you’ve ever lost money in any investment platform, you know that sticking to this rule is key. Picture this: You invest a large sum of money, probably more than you can really afford, but it’s ok because your broker ensures you that this is a solid bet. Lo and behold, the market swings the other way, and you lose everything you’ve invested.

You’re devastated, heartbroken, and what’s more, you’re broke. Now, what do you do? The smart investor walks away, but that’s not everyone. Too many people get the itch. I’ve come this far, I’ve invested so much. I can’t turn back now. So, they invest more and more and keep sinking in deeper and deeper.

This is a dangerous game you don’t ever want to play, so make sure you don’t even start your game strategy this way. Set a certain amount of money you’re willing to invest, and make sure that is only money you can responsibly afford to lose. This way, if you lose it all, you’ll still be able to pay your bills, make rent, and take care of your regular obligations without feeling any pressure. If you make a profit, that’s great! Go ahead and invest some of that too.

Cryptocurrency Trading Hack #3: Use the right software/tool/trading platform

Up there with knowing what you’re doing is knowing which platform to do it on. The right platform will give you the best advantages when trading cryptocurrencies. You’d be amazed at what a difference a convenient and smooth mobile app makes. Other features to look out for when scouting platforms include what type of security the exchange offers, the exchange, trade, and deposit-withdrawal fees charged.

Cryptocurrency Trading Hack #4: Using the MACD Indicator for buy and sell signs

I think this is one of the best beginner’s strategies. MACD aka moving average convergence divergence scale is an indicator that follows the momentum of an asset based on the movement of two averages of the security’s price. It sounds much more complicated than it really is (and if you’ve never used it before, let B from Your Altcoins show you exactly how it’s done), but once you play around with it, you’ll see just how simple it is.

Basically, following the MACD indicator will show you when is the best time to sell your investments (it can also show you when is a good time to enter or not enter into an investment). There are different settings like you can micromanage down to every five minutes or let it go for days, so play around with it to see which ones you like best and which are most successful for you. Toggle the different timeframes, how often it displays, etc. until you find the groove that works for you.

Regardless of which settings you use, the MACD indicator will show you two lines, one showing rise and one showing fall. If you follow these two trends, you’ll be able to see clearly when to sell to make the most profit. Try it out, you’ll be amazed at how easy this one is.

Cryptocurrency Trading Hack #5: Use Momentum

Momentum is a pretty simple concept: if things start going up, they keep going up. And when things start going down, they continue in that direction too. In general, the strategy works using this logic. Momentum says to buy a week after a currency experiences an upward trend (20% or more), and then sell a week or so later.

Of course, this isn’t always the case (see the next few hacks for a solution to this strategy loophole), there are plenty of times that assets will keep climbing and you’ll kick yourself for having sold, but at least you’ll make some profit off of the currency using this strategy. Plus, you’ll be really happy if the asset drops suddenly since you won’t have lost everything in one fell swoop.

I thought this was a great video for clarifying momentum. It’s only 15 minutes, but it explains the strategy pretty clearly. What’s more, this video is solidly backed by real research done by Yale University studies and findings. So, the information is really something you can take to the bank.

Cryptocurrency Trading Hack #6: Take profits…

One of the biggest mistakes that investors can make is not taking profits when they see a rise. It’s natural for you to want to hold out for a bigger gain, and that’s fine. But with such a volatile market and such rapidly moving changes, it’s just a bad idea to keep everything in for the big payout. If you want to see just how far you can ride the gravy train, by all means, go for it. Just do yourself a favor and take your profits out first.

If you’ve invested $1,000 and you see a rise, and your investment is now worth $1,200, take that $200 gain as your profit. Then if you want to leave the initial $1,000, you haven’t lost anything more than what you originally knew you could lose anyway. Either way, you’re still up $200!

Cryptocurrency Trading Hack #7: …But don’t take out everything

Ok, so you want to make sure you take out your profit before the asset loses its value, BUT you don’t want to take out everything, and that’s the next cryptocurrency trading hack. Basically, you want to take out your profit and leave the rest. Why? Because when an asset goes up in value, it’s the time to make your profit. Yay!

But there are so many times when a currency rises…and then continues to rise for quite some time. If you sold early on, you’ll be kicking yourself for months or even years that you didn’t hold out for a bigger slice of the pie. This CryptoLand video explains this concept really well, so if you want to learn more about it, check it out.

Cryptocurrency Trading Hack #8: Use MTP Properly

Modern Portfolio Theory (MPT) basically posits that you set aside a certain amount of money that you are willing to invest (i.e., lose) and buy an assortment of assets consistently regardless of the price. The reason this works is because the assets aren’t directly correlated, so you aren’t going to feel the pressure of all your assets moving in the same direction at one time. A good spread of assets could yield an excellent return over time.

The real hack here is to use MPT properly. That means diversifying your assets across markets, not just sticking to cryptomarkets. Why? Because all cryptocurrencies are too highly correlated right now to be considered varied enough to protect you against the risks.

Cryptocurrency Trading Hack #9: Breakouts

Breakouts are one of the most popular investment strategies (whether you’re buying low or selling high), and here’s a quick video that’ll tell you everything you need to know about it. Chris just has a personable air to him, but more importantly, he tells you all the right information in simple terms that anyone can understand. Plus, Chris actually makes trading sound like fun, so check it out!

Cryptocurrency Trading Hack #10: Make sure you’re secure

This last one also seems like a no-brainer, but you’d be amazed at how many people operate in this mode (scared face emoji!) Cryptocurrency trading is somewhat of a wild wild west of exchanges, and that means there are a lot of people looking to take advantage of you. There are plenty of built-in security features, but you’ve got to do your part to keep yourself and your investments safe too. When trading, make sure:

  • You have two-step authentication enabled
  • You’ve read up and are aware of phishing and email scams
  • You keep your cryptocurrency keys available (you forget your passwords, you’re screwed!)

With these ten hacks in hand, you can make a profit and really have some fun with this 21st-century investment trading opportunity. Go for it!

Article By Sarah Pritzker

Sarah is a Content Writer, Editor & Strategist at Youtubetomp3shark.com.

Bitcoin Speculators raised their bearish bets into February

February 23rd – By CountingPips.comReceive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

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

This latest COT data is from early February due to the government shutdown which suspended the releases for approximately a month. The CFTC is releasing data on Tuesdays and Fridays going forward until the data is back up to date.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,049 contracts in the data reported through Tuesday February 5th. This was a weekly change of -87 net contracts from the previous week which had a total of -962 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 15 contracts to a weekly total of 1,591 contracts which was overtaken by the gross bearish position (shorts) which saw a gain by 102 contracts for the week to a total of 2,640 contracts.

The speculative net position had improved for three straight weeks before the shortfall on February 5th. Speculators have continued to have an overall bearish position in Bitcoin futures since the start of these contracts in December of 2017.

Bitcoin Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -110 contracts on the week. This was a weekly gain of 19 contracts from the total net of -129 contracts reported the previous week.

Commercial trader positions entered the market just recently in November and have been on the bearish side of this market.

Small Trader Positions:

The small traders position, a mix of hedgers and speculators that don’t meet the requirement of the large traders, totaled a net position of 1,159 contracts on the week. This was a weekly gain of 68 contracts from the total net of 1,091 contracts reported the previous week.

Small traders started off on the bullish side of the market and have remained bullish in their overall positioning.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3400 which was a gain of $30 from the previous close of $3370, 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