“To invest or speculate successfully, one must form an opinion as to what the next move of importance will be in a given stock. “Speculation is nothing more than anticipating coming movements. “In order to anticipate correctly, one must have a definite basis for that anticipation.” By Jesse Livermore
October 22-26, 2018 WTI FUTURES As of Date: 10/16/2018 Largest 4 or Less Traders in wti Crude Oil by Gross Position Long 22.4% Open Interest Long 497,031 Position Short 22.3% Open Interest Short 494,812 Position Action: Long (buy)
October 22-26, 2018 BITCOIN FUTURE As of Date: 10/16/2018 Largest 4 or Less Traders in Bitcoin by Gross Position Long 42.6% Open Interest Long 1,163 Position Short 49.0% Open Interest Short 1,338 Position Action: Long (buy)
the data says its coming ==COT report
Bitcoin Commitment of Traders- by CME group Bitcoin by Gross Position As of 28 August 2018 a total of 1,411 in Long position vs 1,403 short position with a total 49.7% Long vs 49.4% Short In 4 hourly chart BTC Resistance 7,400- 7,200 area Support 6,800- 6,700 area While the 4 hourly chart of XRP Resistance .35 Support .32
Sentiment Indicator using COT Date: 24th of July 2018 Percentage of Total Open interest Long: 35.7% Short 61.4% Positions Long 1,225 contract Short 2,107 contract Total Open Interest 3,431 Date: 7th August 2018 Percentage of Total Open interest Long 43.7 Short 47.6% Positions Long 1,194 Short 1,300 Total Open Interest 2,732 Take note of the declining %...
XRP support 1 .25 support 2 .15 BTC support 1 6300 support 2 4700 support 3 3500 ETH support 1 295 support 2 225 LTC support 1 54 support 2 34
BTC retraceback with in the trend line ETH & LTC breakdown from the support trendline XRP hold within the support line
Bitcoin: at considerable correction from 8k level. ETH,LTC & XRP : at considesable support level
“Whenever I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I started to trade; I have always made money in my operations.”- jesse-livermore
My opinion was base on the data I collected from CFTC and CME site