True price discovery during this fiat bubble of monopoly money.
Keep your stops safe below 6900 and go long with target 7593, 8898, 9256 etc..
Keep your stops safe below 6900 and go long with target 7593, 8898, 9256 etc..
Comment:
Commitment of Traders report Week 15 suggest my downward movement. Non-commercials AKA banks added 1400x5BTC short this week.
BITCOIN - CHICAGO MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 04/07/20
NON-COMMERCIAL (Banks) NONREPORTABLE (Consumers)
LONG | SHORT | | LONG | SHORT
--------------------------------------------------------------------------------
(5 Bitcoins)
COMMITMENTS
3,380 4,790 1,765 355
CHANGES FROM 03/31/20 (CHANGE IN OPEN INTEREST: 1,501)
782 1,487
BITCOIN - CHICAGO MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 04/07/20
NON-COMMERCIAL (Banks) NONREPORTABLE (Consumers)
LONG | SHORT | | LONG | SHORT
--------------------------------------------------------------------------------
(5 Bitcoins)
COMMITMENTS
3,380 4,790 1,765 355
CHANGES FROM 03/31/20 (CHANGE IN OPEN INTEREST: 1,501)
782 1,487
We found support on 1st Tx, green lines in chart @ 6500~
SL below with closing is advised