fundamental part :
as cftc report on below published on 09/15/20 sellers on non commercial(bank position) 8,002 vs buyers 5,122 and last week 1049 new sellers added short position or offset long position , on open interest ( is the total number of outstanding derivative contracts, such as options or futures that have not been settled for an asset) short side much more than long side mean sellers hope price much go down . also on commercial ( hedger) long 8781 vs short 5968 and last week long position 1097 added
BITCOIN - CHICAGO MERCANTILE EXCHANGE Code-133741
FUTURES ONLY POSITIONS AS OF 09/15/20 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(5 Bitcoins) OPEN INTEREST: 9,383
COMMITMENTS
5,122 8,002 779 67 0 5,968 8,781 3,415 602
CHANGES FROM 09/08/20 (CHANGE IN OPEN INTEREST: 1,185)
479 1,049 48 -33 0 494 1,097 691 88
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
54.6 85.3 8.3 0.7 0.0 63.6 93.6 36.4 6.4
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 76)
49 24 11 1 0 57 30
technical part:
as price break out Ascending wedge and construct inverse cup and handle pattern and rsi hit to major resistance and break out slop trend line , we expect price will break out inverse cup and handle neck line to hit nominate green trend line as buyers zone ./
also you see volume decrease but price appreciate that mean price will reverse soon
trade duration 2 month
as cftc report on below published on 09/15/20 sellers on non commercial(bank position) 8,002 vs buyers 5,122 and last week 1049 new sellers added short position or offset long position , on open interest ( is the total number of outstanding derivative contracts, such as options or futures that have not been settled for an asset) short side much more than long side mean sellers hope price much go down . also on commercial ( hedger) long 8781 vs short 5968 and last week long position 1097 added
BITCOIN - CHICAGO MERCANTILE EXCHANGE Code-133741
FUTURES ONLY POSITIONS AS OF 09/15/20 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(5 Bitcoins) OPEN INTEREST: 9,383
COMMITMENTS
5,122 8,002 779 67 0 5,968 8,781 3,415 602
CHANGES FROM 09/08/20 (CHANGE IN OPEN INTEREST: 1,185)
479 1,049 48 -33 0 494 1,097 691 88
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
54.6 85.3 8.3 0.7 0.0 63.6 93.6 36.4 6.4
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 76)
49 24 11 1 0 57 30
technical part:
as price break out Ascending wedge and construct inverse cup and handle pattern and rsi hit to major resistance and break out slop trend line , we expect price will break out inverse cup and handle neck line to hit nominate green trend line as buyers zone ./
also you see volume decrease but price appreciate that mean price will reverse soon
trade duration 2 month
