Thread by @DenizhanOzay

THREAD 🧵COT DATAS RELEASED !!!

1- EURO FUTURES #EURUSD
Net positions of commercials is ranging, while open interest rises, which indicates they predominantly open positions compared to closing contracts. Also, opened long and short contracts are equal, in terms of amount.

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We observe huge drop in open interest, during consolidation market, as the net positions of commercial were increasing. This is cleary seen in the blue box.

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Huge drop (15% or more) in open interest during consolidation market is the big indication of where smart money reset themselves, in terms of hedging programs. SMT inbetween them robustly supports this idea. Meaning that FX is verye likely bullish, till the next quarter

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2- GOLD FUTURES #XAUUSD
We observe obvious MMBM, since the COT data is delayed. Net positions of commercials were increasing, as the price of gold were dropping. However, open interest was dropping smoothly, as this was happening on COT and price.

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Meaning that smart money was closing the long contracts more than they were opening the short contracts.

This of course doesn't mean they weren't opening long contracts and closing short contracts. What they predominantly were doing was closing the long contracts.

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They're basically building positions for the current re-accumulation phase of the biggest MMSM, as they were building positions for the completed MMBM, whose engineered high 1960$ level. SMT with #Silver supports all the ideas disscussed here.

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3- BITCOIN FUTURES #Bitcoin

This is quite obvious MMBM on bitcoin. Net positions of commercials were significantly increasing with the stalling open interest, as the price was dropping into the fair valuation.

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If I could be able to see this datas, I would've taken higher risk on my bitcoin trade, which was taken at 19k.

This is the bigger picture on bitcoin. Their positions were significantly increasing. They went net longs during the consolidation market, before the big rallly.

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Since that happened, having a long bias on monthly and weekly chart was the best decison. That's why I was looking for longs utilizing FVGs, BPRs and I took my shot at 19k.

Thanks for reading the thread. COT explains everytihng. I highly recommended you to become advanced.

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