Crypto Market Barometer released on advance-decline.net

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  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in
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Advance Decline Line for S&P 500 and Nikkei 225

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Advance Decline Line for S&P 500 and the Nikkei 225

Here is the Advance Decline Line and Advanced vs. Declined data for S&P 500 and the Nikkei 225 indices. As usual, I just made some screenshots of my data dashboard which displays my self-generated market breadth data on several stock indices.


Advance Decline Line and Advanced vs. Declined for S&P 500



 

Advance Decline Line and Advanced vs. Declined for Nikkei 225



 

Access to daily-updated market breadth data (my dashboard)

I generated much more market breadth data on several stock indices, however, I do this for my own investment due diligence. I might find a way to post (delayed) data here on this blog or another website automatically so you guys don't have to rely on me posting screenshots all the time.

I can't open up my data dashboard here for all of you because the number of requests would require more servers (and thus would cost more money). This is why my data dashboard is private for now.

Head over to my Patreon if you like to support my work and help me with the server costs.

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Crypto Market Barometer released on advance-decline.net

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Image
  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in
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