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Open Interest

scoWhat's up guys, just want to share my strategy with my followers. I am currently long ALGO (crypto) & XRP waiting only this weekend b4 I close off all open positions. I closed my SDOW not because I don't think it will continue to rise as I feel strongly that the DJIA is pretty fucked. But because I want to short WTI crude. I plan (if this works out) to close off algo & xrp in profits, then take my profits transfer those profits to fidelity and put a buy order in around $32 on the $SCO. Now if you seen my DXY chart u will see that the dollar index has little room to drop B4 it resumes the final parabolic dollar blow off top. I'm not sure if this will be 100% due to the fact that WTI crude storage is just about full and there's nowhere to store or if this will be a combination of COVID-19 issues plus the black swan I am suggesting that will strike oil markets. Either way dollar demand = risk off & no oil storage + relentless shale pumping = neg contango prices going forward. So my big bet will be to short Crude via SCO. I linked a bunch of my work for you guys to reference. Don't forget to follow me on twitter link in my bio. good luck everyone & I think the markets will be in big trouble sometime June 2020. (DXY chart linked below)
AMEX:SCOLong
by Big_Mike716
2
Bitcoin Long Term AnalysisThis is an Update for previous analysis. After the test of $7200, BTC got rejected but in the way of dump, Open Interest stands still. I am bearish as long as BTC is below $7400. but if a 12hour candle closes above it then the test of $7800~$8000 is more probable. The weekly chart shows the potential of shooting star candle right below a resistance zone as long as the bearish cross of EMA(21) and EMA(55) . The 2D chart confirmed Death Cross and Cross test on Spot and CME charts. There is a potential Trap in this area because the Open Interest and Volume doesn't confirm any Major Break in this area. but the Volume is quite mature as it stands. So a major move is near and coming.
CME:BTC1!
by rhawshemi
Bitcoin AnalysisAfter a massive move and 50% drop, Bitcoin made a Channel (or Wedge or Triangle or Whatever). The point is this is a Distribution pattern as long as bitcoin is hanging below $7800 . For Confirmation: Volume and Open Interest are going down as the Price is going up. So I'm Bearish as long as bitcoin is below $7800~$8000 and could test lower levels (previous bottom). Daily Stochastic in the Bullish zone but getting tired. Daily RSI testing the Neutral Zone ( And Hidden Bearish Divergence Confirmed ) Weekly Stochastic gonna test: Edge of the Bearish Control Zone & the trend line from previous Lows. Weekly RSI will test: Edge of the Bearish Control Zone, EMA & SMA of it ( can act as resistance now ) Borjas Tarh Company Hashem
BITSTAMP:BTCUSD
by rhawshemi
Giancapino 5 viewsMy 5 layouts by the most used&updated: 1) www.tradingview.com Gold e-o-d CME OI vs week CFTC OI +Preliminary 2) www.tradingview.com 15' DXY correlation + session bars 3) www.tradingview.com other studies 4) www.tradingview.com COT graphs 5) www.tradingview.com Compare contracts yoy most of them use scripts I learned to use and can be copied >this page is not published on tv but can be viewed by anyone sharing its link: UPDATE: I decided to make this page public Anyone can copy the entire layout included the scripts' source to use&modify for himself. If anyone is interested in howto or share contaact me here or by chat tv/wazap/teleg
COMEX:GC1!
by giancapino