Bitcoin (BTC) weekly Market overview

Bitgur, 27 May 19
1
Global Trends
Trade volume
20-26 May 2019 Last 7d vs previous 7d
11.5B 3.52B (44.07%)
Bitcoin Dominance
20-26 May 2019, avg Last 7d vs previous 7d
60.89% 1.10%
Bitcoin Trade Volume Dominance
20-26 May 2019, avg Last 7d vs previous 7d
31.89% 11.87%
Bitcoin Network Transactions
20-26 May 2019, avg Last 7d vs previous 7d
376,150 2.45%
Bitcoin Hash Rate TH/s
20-26 May 2019, avg Last 7d vs previous 7d
52,231,162 1.51%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

06 Feb 2018 best fit
Current top 4934.8843
Current bottom 2244.0676
Forming date 06 Feb 2018
Last update 26 May 2019
17 Dec 2017 longest
Current top 3900.301
Current bottom 1795.1995
Forming date 17 Dec 2017
Last update 26 May 2019
23 May 2019 shortest
Current top 8965.138
Current bottom 8234.272
Forming date 23 May 2019
Last update 27 May 2019
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
8075.0 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 $8075.0


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
8714.2 9.76% 8.88% 67.38% 129.23% 130.37% 18.25%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
buy
8297.0
buy
8030.4
buy
7565.9
buy
6579.7
buy
5480.5
buy
5198.4
buy
8
Bitcoin Open Interest

Futures report as of 2019-05-27 CME & CBOE combined

Open Interest: 25,857 (-314)

Category Short Long Sentiment
Funds 13,377
-537
11,996
59
52.72% sell
47.28% buy
Others 7,499
327
2,239
-177
77.01% sell
22.99% buy
Small 2,206
20
8,292
-72
21.01% sell
78.99% buy

Short brief

Overall a small increase in open interest held.
Leveraged funds increased SHORT positions held since 2018-01-23 and price $10,585
Other professional rebalance interest and come to NEUTRAL/LONG as the main idea since 2018-04-24 and price $9,226
Small traders take an increase in positioning remaining LONG since the beginning of reports 2017-12-19 and price $18,924