Get started

Open Interest

scoWhat's up guys, just want to share my strategy with my followers. I am currently long ALGO (crypto) & XRP waiting only this weekend b4 I close off all open positions. I closed my SDOW not because I don't think it will continue to rise as I feel strongly that the DJIA is pretty fucked. But because I want to short WTI crude. I plan (if this works out) to close off algo & xrp in profits, then take my profits transfer those profits to fidelity and put a buy order in around $32 on the $SCO. Now if you seen my DXY chart u will see that the dollar index has little room to drop B4 it resumes the final parabolic dollar blow off top. I'm not sure if this will be 100% due to the fact that WTI crude storage is just about full and there's nowhere to store or if this will be a combination of COVID-19 issues plus the black swan I am suggesting that will strike oil markets. Either way dollar demand = risk off & no oil storage + relentless shale pumping = neg contango prices going forward. So my big bet will be to short Crude via SCO. I linked a bunch of my work for you guys to reference. Don't forget to follow me on twitter link in my bio. good luck everyone & I think the markets will be in big trouble sometime June 2020. (DXY chart linked below)
AMEX:SCOLong
by Big_Mike716
2
Bitcoin Long Term AnalysisThis is an Update for previous analysis. After the test of $7200, BTC got rejected but in the way of dump, Open Interest stands still. I am bearish as long as BTC is below $7400. but if a 12hour candle closes above it then the test of $7800~$8000 is more probable. The weekly chart shows the potential of shooting star candle right below a resistance zone as long as the bearish cross of EMA(21) and EMA(55) . The 2D chart confirmed Death Cross and Cross test on Spot and CME charts. There is a potential Trap in this area because the Open Interest and Volume doesn't confirm any Major Break in this area. but the Volume is quite mature as it stands. So a major move is near and coming.
CME:BTC1!
by rhawshemi
Bitcoin AnalysisAfter a massive move and 50% drop, Bitcoin made a Channel (or Wedge or Triangle or Whatever). The point is this is a Distribution pattern as long as bitcoin is hanging below $7800 . For Confirmation: Volume and Open Interest are going down as the Price is going up. So I'm Bearish as long as bitcoin is below $7800~$8000 and could test lower levels (previous bottom). Daily Stochastic in the Bullish zone but getting tired. Daily RSI testing the Neutral Zone ( And Hidden Bearish Divergence Confirmed ) Weekly Stochastic gonna test: Edge of the Bearish Control Zone & the trend line from previous Lows. Weekly RSI will test: Edge of the Bearish Control Zone, EMA & SMA of it ( can act as resistance now ) Borjas Tarh Company Hashem
BITSTAMP:BTCUSD
by rhawshemi
Giancapino 5 viewsMy 5 layouts by the most used&updated: 1) www.tradingview.com Gold e-o-d CME OI vs week CFTC OI +Preliminary 2) www.tradingview.com 15' DXY correlation + session bars 3) www.tradingview.com other studies 4) www.tradingview.com COT graphs 5) www.tradingview.com Compare contracts yoy most of them use scripts I learned to use and can be copied >this page is not published on tv but can be viewed by anyone sharing its link: UPDATE: I decided to make this page public Anyone can copy the entire layout included the scripts' source to use&modify for himself. If anyone is interested in howto or share contaact me here or by chat tv/wazap/teleg
COMEX:GC1!
by giancapino
BTC- Go lower in order to bounce higherHello traders! Despite the 100 millions long liquidation and the drop of 10% open interest during the epic bull trap last week, the maximum selling pressure still seems far away. The only way to go up is to dip down further in order to reach for more selling liquidity. I believe we will continue to see more moderate supply runs follow by weak demand runs until strong limit sell orders and sell walls show up with the conviction. Of course, not completely ruling out the possibility of the bull flag momentum run yet. Though unlikely judging by the weak daily buy volume. Please click like and follow me if you find my analysis useful. Happy trading :) Please do your own due diligence and research. My analysis is only my opinion, not the investment advice. twitter.com
BITMEX:BTCUSD.PShort
by Libratus
1