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  • #16,201
  • Feb 10, 2018 9:49am Feb 10, 2018 9:49am
The crypto basket including litecoin (not shown) are all near last weeks close. To continue higher they need to close above the magenta colored line. If below the green line, they will probably drop again. How deep is unknown. Ripple has actually crossed the magenta colored line, but it has to hold above at close. The other cryptos tend to lean the direction of the basket.
last week using Ethereum the drop started at 988. Atm Ethereum high is the level below 988. Last week the drop from 988 started Saturday. I dont know why, today is Saturday.
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those who can, do. those who cant, talk about those who can
  • #16,202
  • Feb 10, 2018 10:05am Feb 10, 2018 10:05am
Quoting gatorinla
The crypto basket including litecoin (not shown) are all near last weeks close. To continue higher they need to close above the magenta colored line. If below the green line, they will probably drop again. How deep is unknown. Ripple has actually crossed the magenta colored line, but it has to hold above at close. The other cryptos tend to lean the direction of the basket. last week using Ethereum the drop started at 988. Atm Ethereum high is the level below 988. Last week the drop from 988 started Saturday. I dont know why, today is Saturday. {image}...
I kind remember last Sat, there was something to do with Chinese news on China's new bans on ICOs and cryptocurrency exchanges
  • #16,203
  • Feb 10, 2018 11:58am Feb 10, 2018 11:58am
How he lost $100,000 in Bitcoin, Litecoin, & Ethereum - Lessons Learned



Inserted Video
don't predict direction, but dance with flow of water
  • #16,204
  • Edited 1:52pm Feb 10, 2018 12:38pm | Edited 1:52pm
How Institutions Position Themselves In Euro/Usd This Week

Until Tuesday ( After FOMC and NFP), institutions were seen trimming their record net long position in Euro, which was shown in the latest COT as of Tuesday, Feb 6, 2018.

The institutions net long Euro positions decreased during last week by 7,919 lots to 140,823 lots. 6,653 long positions were closed, and 1,266 short positions were added. Now Longs total 251,369 lots vs shorts total 110,546 lots .

69% long exposure vs 31% short exposure, which 1% decreased in longs and 1% increased in shorts from previous week

Price rallied after FOMC from 2386 low on 1/31 to 2523 high on 2/1, Unsuccessfully broke new high after good NFP report back down to low 2314, closed at 2377.

Some longs being closed, it indicates profit taking on their long positions, this is 2nd week for longs being closed in the supply zone area .

Some shorts being added indicates they believe price can move lower, we did witness Euro head down after COT report.

Institutions can later close their short positions to help their longs, therefore we need to wait for uptrend confirmation to go long

Long term bullish remains but short term bearish

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.

https://steemit.com/forex/@boulder20...-usd-this-week
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  • #16,205
  • Feb 10, 2018 1:37pm Feb 10, 2018 1:37pm
Quoting Boulder
{quote} I kind remember last Sat, there was something to do with Chinese news on China's new bans on ICOs and cryptocurrency exchanges
has that changed?
those who can, do. those who cant, talk about those who can
  • #16,206
  • Feb 10, 2018 1:48pm Feb 10, 2018 1:48pm
Quoting gatorinla
{quote} has that changed?
yes,, china clarified it a couple of days later,, .they are not really to ban ICOs...just some sort law enforcement..that is it.
  • #16,207
  • Feb 10, 2018 2:07pm Feb 10, 2018 2:07pm
Quoting Boulder
{quote} yes,, china clarified it a couple of days later,, .they are not really to ban ICOs...just some sort law enforcement..that is it.
did you cot crypto?
those who can, do. those who cant, talk about those who can
  • #16,208
  • Feb 10, 2018 2:23pm Feb 10, 2018 2:23pm
Quoting gatorinla
{quote} did you cot crypto?
I looked up bitcoin futures cboe, institutions last week (2/6 cot report) added 932 coins to longs, added 833 coins to shorts, current longs total 3,635 bitcoins and
shorts total 5,675 bitcoins.

39% long exposure vs 61% short exposure,

This downtrend is not over in my observation..

Bearish bias remains …
  • #16,209
  • Feb 10, 2018 2:44pm Feb 10, 2018 2:44pm
Quoting Boulder
{quote} I looked up bitcoin futures cboe, institutions last week (2/6 cot report) added 932 coins to longs, added 833 coins to shorts, current longs total 3,635 bitcoins and shorts total 5,675 bitcoins. 39% long exposure vs 61% short exposure, This downtrend is not over in my observation.. Bearish bias remains …
that's why i think this weekly close is important.

did i see you post something about steem using your system? if so, what broker?
those who can, do. those who cant, talk about those who can
  • #16,210
  • Feb 10, 2018 3:46pm Feb 10, 2018 3:46pm
Quoting gatorinla
{quote} that's why i think this weekly close is important. did i see you post something about steem using your system? if so, what broker?
Not yet, that is very good idea, I should do that. You are indeed a very wise man..
  • #16,211
  • Feb 10, 2018 3:58pm Feb 10, 2018 3:58pm
Quoting Boulder
{quote} Not yet, that is very good idea, I should do that. You are indeed a very wise man..
not that i am shorting any.. the day and the week could go either way atm..

day green
week magenta
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those who can, do. those who cant, talk about those who can
  • #16,212
  • Feb 10, 2018 4:32pm Feb 10, 2018 4:32pm
Quoting Boulder
{quote} Not yet, that is very good idea, I should do that. You are indeed a very wise man..
.
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those who can, do. those who cant, talk about those who can
  • #16,213
  • Feb 10, 2018 6:22pm Feb 10, 2018 6:22pm
Quoting gatorinla
{quote} not that i am shorting any.. the day and the week could go either way atm.. day green week magenta {image}
ripple ended up above. the others below. ripple may have been rejected of January.
those who can, do. those who cant, talk about those who can
  • #16,214
  • Feb 11, 2018 8:08am Feb 11, 2018 8:08am
Intraweek; buyer 2150/2090, seller 2330/2410.
Intraday; seller 2300ish, buyer 2200ish.
  • #16,215
  • Edited 11:02am Feb 11, 2018 10:39am | Edited 11:02am
some key levels for eurusd down 1.218x, 1.217x, 1.211x and 1.191x... and up 1.227x, 1.247x. which ones first nobody knows...
When life gives you lemons, make lemonade
  • #16,216
  • Feb 11, 2018 10:39am Feb 11, 2018 10:39am
steem is having a bandwidth problem. I tried to post this hours ago....................

" I thought the retrace would be more, or at least 50%. Toward last weeks low. Atm that hasn't happened. Pa did drop, it made it to the 30/40% area. I haven't given up on the 50%. Atm the R on Ethereum and Bitcoin at/near the magenta line may send it back to my 50% marks minimal. Ripple has been a little stronger so I expect it to get above the magenta. It has the lesser chance for the deeper 50% retrace by looks. Litecoin is in the same boat at Ethereum and Bitcoin concerning the magenta colored. I tried to post this for 2 hours now. Its not working. "
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those who can, do. those who cant, talk about those who can
  • #16,217
  • Feb 11, 2018 12:14pm Feb 11, 2018 12:14pm
Quoting gatorinla
steem is having a bandwidth problem. I tried to post this hours ago.................... " I thought the retrace would be more, or at least 50%. Toward last weeks low. Atm that hasn't happened. Pa did drop, it made it to the 30/40% area. I haven't given up on the 50%. Atm the R on Ethereum and Bitcoin at/near the magenta line may send it back to my 50% marks minimal. Ripple has been a little stronger so I expect it to get above the magenta. It has the lesser chance for the deeper 50% retrace by looks. Litecoin is in the same boat at Ethereum and...
i had the same issue too starting last night ...
  • #16,218
  • Feb 11, 2018 12:32pm Feb 11, 2018 12:32pm
Quoting Boulder
{quote} i had the same issue too starting last night ...
the best i can tell is, when its very active. the bigger fish get the bandwidth, minnows get cut back. it is working now.. I hope i didnt miss a buy.. I still intend on waiting, i think it will go lower than last week to hit 50% retrace on my basket. i found just one of yours to upvote.. i have a 34 rating now..
those who can, do. those who cant, talk about those who can
  • #16,219
  • Feb 11, 2018 1:21pm Feb 11, 2018 1:21pm
How Institutions Position Themselves In Dollar This Week

For Dollar, the latest COT as of Tuesday, Feb 6, 2018, institutions decreased net bearish bets by 2,237 lots, this is the first time since 1/2/20118, we had a week where net change was positive for the dollar

1,370 long positions were closed and 3,607 short positions were closed as well, . Now Longs total 27,630 lots vs shorts total 31,133 lots .

47% long exposure vs 53% short exposure , Longs dropped 2% and shorts also dropped 2% from the previous week

Price was consolidating from low 88.56 on 2/1/2018 to high 90.03, close at 89.67, which was between daily demand zone 88.45- 89.34 area,
overlapped weekly demand zone 87.6-89.44 .

Some longs being closed , it indicates their belief the dollar can still move down to the lower end of weekly demand area 87.6-88.5.

Large order of shorts being closed , it indicates their belief this weekly demand zone may provide some bounce.
We did witness Dollar push higher after COT report. Dollar is currently testing daily supply zone 90.53-91 area by the end of last week.

Long term Bearish bias, but in the short term we see dollar bulls have defended 88s-89s at the weekly demand zone, now we need to see they can break the daily resistance from 90.5.-91 levels…

Wait for trend confirmation…

Please note institutions take weeks and months to build a position in the currency market. For dollar, they have been decreasing their net long positions for over a year, Therefore, the bearish sentiment is more for long term outlook, not intended for short term trading.

https://steemit.com/@boulder2018
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  • #16,220
  • Feb 11, 2018 1:41pm Feb 11, 2018 1:41pm
Quoting gatorinla
{quote} the best i can tell is, when its very active. the bigger fish get the bandwidth, minnows get cut back. it is working now.. I hope i didnt miss a buy.. I still intend on waiting, i think it will go lower than last week to hit 50% retrace on my basket. i found just one of yours to upvote.. i have a 34 rating now..
Thank you Gator for the upvote...congrad on your rating... I saw a medium whale upvoted your post..
...., I feel the same way too about ripple .. hope it can come down some this Tues or Wed for crypto option expiration on 2/14..
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