The Battle of Bitcoin (PT 3) - The Bottom Line by MrMoe

23 Mar 2018

The 3rd chapter in a series.
How the Story of Bitcoin is unfolding since Institutions entered the cryptocurrency markets. BTCUSD

SENTIMENT -/+
2/6 = Senate Crypto Hearing = +
2/9 = CNBC signals BUY to Public = +
2/11 = AZ Passes Bill To Allow Tax Payments In BTC = +
2/12 = JP Morgan Cryptocurrency prediction report = +
2/14 = Congress CFTC meeting on Crypto = +
2/14 = US Treasury Official Calls for Global Crypto Regulation = +
2/16 = Anonymous trader buys $400 million in BTC = +
2/17 = White House official says bitcoin regulation not near = -
2/20 = CA Lawmaker Files Bill to Legally Recognize Blockchain Data = +
2/21 = Venezuela, $735 Million Raised in First Cryptocurrency Sale = -
2/22 = Iran, Turkey developing a cryptocurrency = -
2/23 = Bank Of America admits Bitcoin is a threat in S.E.C Report = +
2/26 = Goldman Sachs Latest to Label Crypto A Business Risk = +
2/28 = JP Morgan Sees Crypto As 'Competition' / 'Risk' To Its Biz = +
3/7 = Japan's FSA Announces Suspension of Two Crypto Exchanges = -
3/10 = China to Regulate Cryptocurrency says Central Bank Governor = +
3/13 = U.S. Congress - 2018 Economic Report "Examining Cryptocurrencies and ICO Markets. = +
3/18 = G20 / "Cryptocurrency doesn't pose A Risk To The Financial System ... Yet" = +
3/19 = U.S. President Orders Sanctions Against Venezuela's Crypto = -
3/23 = Binance Receives Formal Warning from Japan, Plans to Move Office in Malta = +

BTC Dominance = 44.4%

BITCOIN-USD - CBOE FUTURES EXCHANGE / Leveraged
As of 2/6/18 - Long = 814 [ Short = 3572 ] Spread 115
As of 2/13/18 -Long = 619 [ Short = 2861 ] Spread 138
As of 2/20/18 -Long = 1,107 [ Short = 3,407 ] Spread 7
As of 2/27/18 - Long = 1,561 [Short = 3,741] Spread 68
As of 3/13/18 - Long = 2,278 [Short = 4,737] Spread 69
As of 3/20/18 - Long = 2,214 [Short = 4,487] Spread 31

The Battle of Bitcoin (Part 2) - Institutions Enter by MrMoe