Get Ready for pound to take a shit throughout AUGUST... The Launch happened today........ The sentiment is mixed, but the commercials are loading up according to latest COT report, Also if you have a look at Seasonality AUGUST historically is the worst month for anything against the dollar...
Micro Bitcoin. Let's analyze the data. For Bitcoin (Futures Only) on June 6, 2023: The total open interest is 13,026 contracts. Non-commercial traders (speculators) hold a net long position of 10,106 contracts, compared to 9,337 contracts in the previous report. Commercial traders hold a net short position of 1,383 contracts, compared to 1,561 contracts...
Based on the COT report data, the changes in commercial positions are as follows: Long positions: Increased by 83 contracts Short positions: Decreased by 538 contracts To calculate the net positions, you subtract the short positions from the long positions. In this case, the net positions for commercials can be calculated as follows: Net positions = Long...
The COT Report (Commitments of Traders Report) is a weekly report released by the Commodity Futures Trading Commission (CFTC) that shows the aggregate holdings of different market participants in the futures market. Looking at the COT report for Bitcoin futures on the CME, we can see that as of May 16, 2023, non-commercial traders (speculators) held a net long...
Here are the net short positions held by the commercials in Bitcoin futures markets for the given period: April 11th: Net short position of 969 contracts April 18th: Net short position of 1,181 contracts April 25th: Net short position of 1,500 contracts May 3rd: Net short position of 1,424 contracts During this period, the net short positions held by...
HIGH RISK buy on BTCUSD around 40.5k-40k area The COT report show increment in Taking long on BTC -Link to COT data We think it's a good place to take risks and go to long this asset And surf with the elders SL: 36640 TP: 50000 Apply proper risk, 2-3 risk
The US dollar fluctuated between 95.6 and 96.6 last month. Traders' confusion over interest rate hikes, as well as duplicity in talks with the Federal Reserve, have kept the dollar afloat. But given the job data, the CPI data, which shows inflation well, has kept traders believing that the US Federal Reserve will soon plan to raise interest rates. Therefore,...
Hey friends, and trader We forecast downside movement for the USDJPY for several reasons 1. USD is overbought and over-priced in 2 months ago 2. JPY is oversold and this is a good and cheap price for this safe-haven currency 3. Smart buyers are buying in these prrices. 4. As you see in the picture, The non-commercial traders usually are buyers in these prices...