Bitcoin (BTC) weekly Market overview

Bitgur, 11 Dec 18
1
Global Trends
Trade volume
4-10 Dec 2018 Last 7d vs previous 7d
20.9B -2.23B (9.63%)
Bitcoin Dominance
4-10 Dec 2018, avg Last 7d vs previous 7d
55.00% 1.50%
Bitcoin Trade Volume Dominance
4-10 Dec 2018, avg Last 7d vs previous 7d
31.37% 2.91%
Bitcoin Network Transactions
4-10 Dec 2018, avg Last 7d vs previous 7d
254,984 3.50%
Bitcoin Hash Rate TH/s
4-10 Dec 2018, avg Last 7d vs previous 7d
36,114,707 -3.21%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

06 Feb 2018 best fit
Current top 6002.6597
Current bottom 4124.723
Forming date 06 Feb 2018
Last update 10 Dec 2018
17 Dec 2017 longest
Current top 5423.6226
Current bottom 3023.2192
Forming date 17 Dec 2017
Last update 10 Dec 2018
29 Nov 2018 shortest
Current top 3634.9238
Current bottom 3146.2559
Forming date 29 Nov 2018
Last update 11 Dec 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
3476.0 Edge price dividing trends based on 7 days movements
4202.0 Channel maximum price resist level based in case of RAISE trend on 7 days movements
3476.0 Channel minimum price resist level based in case of RAISE trend on 7 days movements
3476.0 Minimum price support level in case of FALL trend based on 7 days movements
Brief prediction

Price of BTC is now on EDGE at $3476.0. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $3842.0 with $4202.0 as upper border and $3476.0 as bottom. If price will go down, it will FALL with support level $3476.0


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
3511.4 -3.56% -12.80% -45.89% -44.07% -48.99% -79.06% 20149 17.43%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
3585.1
sell
3720.6
sell
3904.8
sell
4889.5
sell
5612.5
sell
6166.4
sell
8
Bitcoin Open Interest

Futures report as of 2018-12-11 CME & CBOE combined

Open Interest: 22,751 (630)

Category Short Long Sentiment
Funds 11,467
1,195
12,719
1,476
47.41% sell
52.59% buy
Others 5,252
-43
2,463
-172
68.08% sell
31.92% buy
Small 2,574
220
5,396
428
32.3% sell
67.7% buy

Short brief

Overall an increase in open interest held.

Leveraged funds in the NEUTRAL positions
Other professional traders increased overall position held. Staying in the SHORT positions since 2017-07-30 and price $8,168
Small traders increased positioning and still in the LONG positions since the beginning of reports 2017-12-19 and price $18,924