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The Swamp

  • #15,741
  • Feb 2, 2018 3:52pm Feb 2, 2018 3:52pm
Quoting Boulder
Futures closed .. now lets see how our cryptos will do for the weekend.... good luck...
i didnt see you eu cot post... or cryptos..
those who can, do. those who cant, talk about those who can
  • #15,742
  • Feb 2, 2018 4:10pm Feb 2, 2018 4:10pm
Quoting gatorinla
{quote} i didnt see you eu cot post... or cryptos..
I am still tied up with corp work.. I will let you know tonight or first thing in the morning...
  • #15,743
  • Feb 2, 2018 7:29pm Feb 2, 2018 7:29pm
Until Tuesday ( before Wednesday FOMC and Fri NFP), institutions were still adding to net longs in Euro,
The largest Euro net longs on record again shown in the lastest COT as of Tuesday, Jan 30, 2018.

The institutions net long Euro positions increased during last week by 4,025 lots to 148,742 lots.
4,153 long positions were closed, and 8,178 short positions were closed as well. Now Longs total 258,022 lots vs shorts total 109,280 lots .

70% long exposure vs 30% short exposure, which 1% increased in longs and 1% decreased in shorts from previous week

Price rallied from 2291 low on 1/24 to 2539 high on 1/25, close at 2402.

2 times of shorts being closed, which helped Euro longs to push into 2500s, the monthly supply zone area,
Some longs being closed as well, it indicates some profit taking on long positions in the supply zone area .

Since I don't see more shorts being added at 2500s price level, a drop maybe limited
Also some longs are closed, this is the first time since 12/19/2017, we had a week where Euro longs were closed
maybe a temp top was set in for profit taking on longs

Bullish bias remains but cautious

Please note institutions take weeks and months to build a position in the currency market. For Euro, they have built their net long positions since 5/9/2017.
Therefore, the bullish sentiment is more for long term outlook, not intended for short term trading.
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  • #15,744
  • Feb 3, 2018 2:18am Feb 3, 2018 2:18am
posted an inside week, against important resistance....
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Look Sharp/Trade Tight
  • #15,745
  • Feb 3, 2018 2:26am Feb 3, 2018 2:26am
chances are next week we could touch 1.256x
When life gives you lemons, make lemonade
  • #15,746
  • Feb 3, 2018 3:34am Feb 3, 2018 3:34am
near term BTC R's.....
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Look Sharp/Trade Tight
  • #15,747
  • Feb 3, 2018 7:25am Feb 3, 2018 7:25am
watching ethereum atm.. one of the better cryptos out there.. in its current 988.xx/989 area it may struggle some. one of the first meaningful test since the drop. if ethereum cant pass it. the others cryptos will probably fall % wise, further than ethereum. live test atm.
Attached Image
those who can, do. those who cant, talk about those who can
  • #15,748
  • Feb 3, 2018 8:11am Feb 3, 2018 8:11am
ethereum bitcoin ripple. all red last hour.
so far a 50$ drop on ethereum
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those who can, do. those who cant, talk about those who can
  • #15,749
  • Feb 3, 2018 9:29am Feb 3, 2018 9:29am
I'm see some R on ETH right here also.....
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Look Sharp/Trade Tight
  • #15,750
  • Feb 3, 2018 9:54am Feb 3, 2018 9:54am
Quoting gatorinla
watching ethereum atm.. one of the better cryptos out there.. in its current 988.xx/989 area it may struggle some. one of the first meaningful test since the drop. if ethereum cant pass it. the others cryptos will probably fall % wise, further than ethereum. live test atm. {image}
Gator, I see norm 1069 and mofu 1110 on your eth chart.. do you mean eth has to close above them to resume daily uptrend?
  • #15,751
  • Feb 3, 2018 10:03am Feb 3, 2018 10:03am
Quoting gatorinla
{quote} u got cot yet?
sorry I missed that question... cot comes out on Fridays around 4pm est..
  • #15,752
  • Edited 11:18am Feb 3, 2018 11:06am | Edited 11:18am
Quoting gatorinla
{quote} the moves are so large its a shot in the dark.. for instance the mid on ethereum,, it started year at 10 to 14xx.x.. center 706.xx i may have turned at um,,
boulder....maybe not.. the drop was massive % wise in such a small tf. as was the rise.. I think it should have gone a little lower on the drop. I dont want to screw-up and hurt someones trade. It dropped for a reason. I dont see/hear anything that has settled that. i thought it would bounce closer to 700. I posted it a dayish ago. i dont know for sure.. i was shooting from the hip then.. 710/11 is close.. the low was/is at 779 on coinbase and 722 on insta. 722 is close to 710.. but still a miss.. its hard to chart with info that contradicts another platform 50 bucks. i can see another stab at 710/11.. i dont know if it will go back to 711 or 1069 first. 1069 has its pull too. if it did 1069 first. that residual attraction of missing 711 could be strong enough to pull it below either brokers low and hit 711. this would break the current 722 low.

the residual attraction of missing 711 may pull on it. more so at resistance. 1069 is pulling also, one is wrong. 711 is larger. going to 1069 b4 711. may make 711 pull it to a LL breaking a Db. 988 is in the path to 1069.. its why i figured it may resist some.
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those who can, do. those who cant, talk about those who can
  • #15,753
  • Feb 3, 2018 11:25am Feb 3, 2018 11:25am
Quoting gatorinla
{quote} boulder....maybe not.. the drop was massive % wise in such a small tf. as was the rise.. I think it should have gone a little lower on the drop. I dont want to screw-up and hurt someones trade. It dropped for a reason. I dont see/hear anything that has settled that. i thought it would bounce closer to 700. I posted it a dayish ago. i dont know for sure.. i was shooting from the hip then.. 710/11 is close.. the low was/is at 779 on coinbase and 722 on insta. 722 is close to 710.. but still a miss.. its hard to chart with info that contradicts...
if 711 turns on. it would make a LL since 14xx high. since 114xx its made LL and Lh. on a day chart. still getting my head around crypto closes .. its looking bullish st but into 988 R isn't clear, 907 or 911 +- close side may be valuable. to preference well above 911 atm. i think bulls need to hold it the next 4.5 hours. experimental.
those who can, do. those who cant, talk about those who can
  • #15,754
  • Feb 3, 2018 11:52am Feb 3, 2018 11:52am
it was 769

https://invst.ly/6i-g-
don't predict direction, but dance with flow of water
  • #15,755
  • Feb 3, 2018 11:56am Feb 3, 2018 11:56am
1071 as per investing charts.

https://invst.ly/6i-ho



back after some time
don't predict direction, but dance with flow of water
  • #15,756
  • Edited 1:33pm Feb 3, 2018 12:03pm | Edited 1:33pm
Quoting gatorinla
{quote} boulder....maybe not.. the drop was massive % wise in such a small tf. as was the rise.. I think it should have gone a little lower on the drop. I dont want to screw-up and hurt someones trade. It dropped for a reason. I dont see/hear anything that has settled that. i thought it would bounce closer to 700. I posted it a dayish ago. i dont know for sure.. i was shooting from the hip then.. 710/11 is close.. the low was/is at 779 on coinbase and 722 on insta. 722 is close to 710.. but still a miss.. its hard to chart with info that contradicts...
Thanks Gator,, I don't think crypto downtrend is over either...

I looked up bitcoin futures cboe, institutions last week (1/30 cot report) added 263 coins to longs, added 659 coins to shorts, current longs total 2703 bitcoins and shorts total 4842 bitcoins. basically 1/3 exposure for longs and 2/3 exposure for shorts. so this downtrend is not over in my observation....

this is just part of futures info from cboe.. I am still looking for bitcoin cme futures info...
  • #15,757
  • Feb 3, 2018 1:26pm Feb 3, 2018 1:26pm
Quoting PayTheLimit
near term BTC R's..... {image}
actually also an old S in this area also....
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Look Sharp/Trade Tight
  • #15,758
  • Feb 3, 2018 1:33pm Feb 3, 2018 1:33pm
Quoting Boulder
{quote} Thanks Gator,, I don't think crypto downtrend is over either... I looked up bitcoin futures cboe, institutions last week (1/30 cot report) added 263 coins to longs, added 659 coins to shorts, current longs total 2703 bitcoins and shorts total 4842 bitcoins. basically 1/3 exposure for longs and 2/3 exposure for shorts. so this downtrend is not over in my observation.... this is just part of future info from cboe.. I am still looking for bitcoin cme futures info...
i am testing 911.13 theory may attract, with some support built in. day closes below 911.70 may b/o
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those who can, do. those who cant, talk about those who can
  • #15,759
  • Feb 3, 2018 1:43pm Feb 3, 2018 1:43pm
had a day + off with eu.. this crypto dont give u any time off
those who can, do. those who cant, talk about those who can
  • #15,760
  • Feb 3, 2018 1:51pm Feb 3, 2018 1:51pm
Quoting gatorinla
had a day + off with eu.. this crypto dont give u any time off

true that...
Look Sharp/Trade Tight
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