Bitcoin (BTC) weekly Market overview

Bitgur, 20 Aug 18
1
Global Trends
Trade volume
12-18 Aug 2018 Last 7d vs previous 7d
27.5B -5.85B (17.57%)
Bitcoin Dominance
12-18 Aug 2018, avg Last 7d vs previous 7d
52.37% 8.11%
Bitcoin Trade Volume Dominance
12-18 Aug 2018, avg Last 7d vs previous 7d
38.97% -16.47%
Bitcoin Network Transactions
12-18 Aug 2018, avg Last 7d vs previous 7d
219,717 2.53%
Bitcoin Hash Rate TH/s
12-18 Aug 2018, avg Last 7d vs previous 7d
48,640,417 4.04%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

06 Feb 2018 best fit
Current top 7664.5527
Current bottom 5002.1436
Forming date 06 Feb 2018
Last update 19 Aug 2018
17 Dec 2017 longest
Current top 6794.623
Current bottom 3692.5254
Forming date 17 Dec 2017
Last update 19 Aug 2018
08 Aug 2018 shortest
Current top 6748.047
Current bottom 6036.4834
Forming date 08 Aug 2018
Last update 20 Aug 2018
4
Trading sentiment (7 days timeframe)


Trading sentiment report is based on a cumulative analysis of the positions of margin trading.
For example, in the case of increasing long positions at a low price, followed by a reduction at a high price, the bull profit is accumulated. On the contrary, bears will increase their income in case of growth, with a subsequent reduction in positions at a fall in prices.
5
Price levels prediction (7 days timeframe)
Price movement prediction
Price Description
6479.0 Minimal price support level based on 7 days movements
Brief prediction

Price of BTC has broken last trend and will RAISE from the support level $6479.0


Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis.

An analysis is made for the period under consideration and the three preceding ones with exponential decay
6
Performance
Price 1 day 1 week 1 month 3 month 6 month 1 year ATH % from ATH
6524.4 2.02% 3.33% -12.54% -21.05% -41.35% 20149 32.38%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
6363.7
buy
6365.2
buy
6736.3
sell
6804.1
sell
7194.4
sell
7824.6
sell
8
Bitcoin Open Interest

Futures report as of 2018-08-20 CME & CBOE combined

Open Interest: 19,463 (1,349)

Category Short Long Sentiment
Funds 10,675
1,610
11,200
3,041
48.8% sell
51.2% buy
Others 4,338
318
1,816
122
70.49% sell
29.51% buy
Small 2,747
453
5,774
-386
32.24% sell
67.76% buy

Short brief

Overall a big increase in open interest held.

Leveraged funds greatly increased positioning, staying in the NEUTRAL at the moment. This is the third week in a row with positive net change. They are ready to beat their positive net record from 2018-01-23 and price level around $10,848
Other professional traders keep their SHORT positions since 2017-07-31 and price $7,717
Small traders rebalanced positioning but still in the LONG positions since the beginning of reports 2017-12-19 and price $18,924