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Jamie Dimon 2.0 - BitcoinSept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was all predicted in my CME Conspiracy Theory here: youtu.be Now the question is, where is support? Is $13,000 the new bottom? or are we heading to the next support at 10k? IF the daily closes above $13,000, I would expect a decent bounce none the less. If the $13,000 level fails, I will close all positions/orders and wait for the next support level. Which is appearing to be 10k atm. Additional possible support levels are also shown on the chart above IF history repeats itself and one of these two levels are truly the bottom. Is another 550% possible? Time will tell will story. Please trade carefully. note: I lost a great deal of money in this dip. I refused to follow my own technical analysis and it has cost me dearly. Let my lesson reflect onto you. Do not let emotions get in the way. You cannot make the market do what you want. You must be dynamic and react accordingly. I wish you all luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDLong
by oh92
15
Bitcoin, The CME And The 20K Target.BTCUSD update: 19891 is the all time high at the moment while a pin bar is currently unfolding on this time frame which is a reversal sign that implies an oncoming short term correction. Will the open of the CME futures take this market to 20K anyway? First let's talk about the technical situation that is present now. Momentum has been clearly bullish with very limited pullbacks for a month. The recent 5K pullback was met with immediate buying so the pain went away quickly. Right now, if this market retraces, a reasonable level to look for support is the 14450 area which is the .382 of the current bullish structure (measured from the 5400 low). IF price retests this level, it is an area that offers better reward/risk compared to where price is right now since the bullish trend would still be intact. A decisive break below (anything is possible) can lead to a retest of the 11k to 8650 area which is the .618 zone of the structure measure from 5400. If price retraces this far, it will more likely unfold into a broader consolidation as it builds another base. These levels provide areas to anticipate for swing trades or position trades on the long side, which is better than jumping in at any random level in terms of risk. All these markets are in a state of euphoria and will return to equilibrium because that is how all markets work, it doesn't matter how "different it is this time". No one knows when or how this will happen. Often it is a piece of news that comes out of nowhere and cannot be anticipated by TA, especially long term TA. As far as targets go, the 18973 target has been compromised (it is the 2.618 projection from the 5578 low) but price is now hesitating in this area (these targets are usually not exact but do provide a good estimate). This level along with the current pin bar offers a heads up to at least lock in some profit if you are long from much lower prices and planned to hold only for shorter term movements. This is NOT a time to get short in anticipation of a broader correction. There is another target at the 24480 level which is based the 1.0 projection from the 12730 low. It is within the proportion of the current structure and does offer another potential area to lock in profits along the way IF price actually reaches this area in a relatively short time (a week?). There is no way to accurately quantify the probability of price reaching this target, but based on the euphoria and momentum, there is a better chance of it happening than not at this point (things can change fast though). In summary, price is showing a bearish pin bar going into the open of the CME futures. My opinion of the futures has been and still is this: they will bring balance to a wild market. The CME contract is larger (5 coins compared to 1 on the CBOE) which means it will be easier for large players and institutions to scale and manage larger positions and more complex strategies which are not necessarily dependent on the direction of the market. This translates into more noise and consolidation rather than immediate sell off or rally. If I am going to take a swing trade long position in this market, I need to at least see price retest the 14450 area and then the rest of my position evaluation can proceed from there. As unpopular as it is right now, I will not buy anywhere near highs especially in runaway markets because I prefer to mitigate risk, not gamble. Comments and questions welcome.
BITFINEX:BTCUSD
by MarcPMarkets
16
BTCUSD - Mercury Rising, path to continued highs? To those that asked me yesterday, I indicated that if we cross $11,900 (GDAX prices), that would trigger a short-term buy signal from which we could get a range projection target of at least 800 points. As I write this, we are seeing a gain of 1000 points, give or take, and now the question turns to: "how much higher can we go?". BTC' has ignored the overbought signals across many time frames, defied the critics, and continues to barrel forward. However, as we all know, what goes up most certainly come back down. Now, no one can say with certainty that they know exactly when this could happen. These are uncharted territories and we could even push forward to 18k before any serious correction. With that said, I must caution you, my PERSONAL opinion is that the higher BTC' goes before Dec 18-31, and the faster it does so, the more likely that BTC' will be heavily shorted afterwards. I too, stand very curious to see how the interaction of the BTC' futures markets will play out across the cryptosphere. CBOE' launches BTC' futures trading this Sunday December 10th, CME group will launch BTC' futures on Sunday December 17th (effective trade date December 18th), and BitMex is launching a very interesting product as well. For those that may not be too familiar with the concepts of high level finance, futures and swaps bring an interesting perspective to the mix, especially in this market environment. Many in the industry, with far more experience than myself, have actually mentioned the built in inconvenience to short these crypto markets, at the present moment, that the FUTURES markets will address. This will be an interesting couple of weeks ahead to say the least. From the technical perspective, we seem to have paper thin support around the 12k mark, more support can be found at 11050, but that is not as dense as the perma bulls would like to believe. A break below that and we can head much lower. As far as the upside, I would like to see a clean break of the 13100-13300 level, with force, before calling for a short-term buy signal which takes us to 14k' or slightly above. Last but not least, normally don't do this, but I charted with the 50/200 EMAs given that I have noted that the 50 day moving average is acting as solid support if price action regresses towards that average. I have highlighted these points for reference and a potential zone where this may in fact be tested again. The crypto markets are not like any other market we have traded in before, it is imperative that one be reactive, dynamic, and follow the clues that the market tells us, current risk levels are at an all time high, and rising. Some words to always remember: "No one has ever lost any money taking profit!" / "Take and lock in profit when you can, not when you have to!". References: 1. CBOE' Futures details: cfe.cboe.com 2. CME Futures details: www.cmegroup.com 3. BitMex Swap details: www.bitmex.com Comments and questions welcome below.
COINBASE:BTCUSD
by eag09
LArgest 4 or less traders in corn by GROSS Positions Please review CME group commitement of trader's report (4 or less largest) As of Date: 7/3/2017Total OI: 1,753,868 Long - Short 156,094 --- 175,387 As of Date: 7/11/2017Total OI: 1,840,817 Long - Short 167,514 --- 213,535 As of Date: 8/22/2017Total OI: 1,874,724 Long - Short 185,598 --- 243,714 As of Date: 8/29/2017Total OI: 1,707,700 Long - Short 158,816 --- 203,216 Asset Active months March (H); May (K); July (N); Sep (U); Dec (Z) CORN ZC Open Interest : Highest 2,080,000 contracts Average: 1,775,000 contracts Lowest 1,470,000 contracts Asset managers OI Date OI on date Percent of OI Ave. OI net Most Bulish net OI 342,893 21/08/2012 2,073,500 16.54 1.48 Most bearish net OI (229,176) 8/3/2016 1,687,116 -13.58 Previous Change current (64,945) 29/08/2017 1,707,700 -3.80 -0.91 -2.89 Producers OI Date OI on date Percent of OI Ave. OI net Most Bulish net OI (13,396) 5/11/2013 1,941,041 -0.69 -13.65 Most bearish net OI (555,715) 14/06/2016 2,088,225 -26.61 Previous Change current (231,883) 29/08/2017 1,707,700 -13.58 -13.72 0.14 Swap dealers/ deal OI Date OI on date Percent of OI Ave. OI net Most Bulish net OI 305,017 7/10/2014 1,893,351 16.11 13.18 Most bearish net OI 197,349 13/06/2017 1,923,781 10.26 Previous Change current 234,747 29/08/2017 1,707,700 13.75 12.11 1.64 Other reportables OI Date OI on date Percent of OI Ave. OI net Most Bulish net OI 134,212 8/11/2016 1,751,431 7.66 4.40 Most bearish net OI 21,663 17/07/2012 1,916,920 1.13 Previous Change current 63,374 29/08/2017 1,707,700 3.71 3.01 0.70
CBOT:ZC1!Long
by VitVitOptions