Bitcoin (BTC) weekly Market overview

Bitgur, 23 Oct 18
1
Global Trends
Trade volume
16-22 Oct 2018 Last 7d vs previous 7d
19.4B 2.2B (12.82%)
Bitcoin Dominance
16-22 Oct 2018, avg Last 7d vs previous 7d
53.97% 0.73%
Bitcoin Trade Volume Dominance
16-22 Oct 2018, avg Last 7d vs previous 7d
31.26% 8.88%
Bitcoin Network Transactions
16-22 Oct 2018, avg Last 7d vs previous 7d
245,750 4.27%
Bitcoin Hash Rate TH/s
16-22 Oct 2018, avg Last 7d vs previous 7d
50,975,244 -1.95%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

08 Sep 2018 best fit
Current top 6736.153
Current bottom 6191.353
Forming date 08 Sep 2018
Last update 22 Oct 2018
17 Dec 2017 longest
Current top 6324.9385
Current bottom 3511.069
Forming date 17 Dec 2017
Last update 22 Oct 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
6550.0 Channel maximum price resist level based on 7 days movements
6196.0 Channel minimum price resist level based on 7 days movements
Brief prediction

Price of BTC will be traded in CHANNEL near to $6442.0 with $6550.0 as upper border and $6196.0 as bottom.


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
6433.3 0.18% -0.53% -4.01% -16.56% -28.23% 9.01% 20149 31.93%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
6427.4
neutral
6397.0
neutral
6427.6
neutral
6569.8
sell
6563.7
sell
6834.3
sell
8
Bitcoin Open Interest

Futures report as of 2018-10-23 CME & CBOE combined

Open Interest: 17,912 (-356)

Category Short Long Sentiment
Funds 9,823
-132
9,126
-188
51.84% sell
48.16% buy
Others 4,495
-92
2,437
-244
64.84% sell
35.16% buy
Small 2,099
-353
5,420
-509
27.92% sell
72.08% buy

Short brief

Overall a decrease in open interest held.

Leveraged funds take a rebalance currently staying in the NEUTRAL positions
Other professional traders playing in the opposite direction to the leveraged funds. Staying in the SHORT positions
Small traders reduced positioning but still in the LONG positions since the beginning of reports 2017-12-19 and price $18,924