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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Breadth data for SDAX, MDAX and TECDAX (21.07.2021)

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Breadth data for SDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index SDAX:



 

 

Breadth data for MDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index MDAX:

 


 

 

Breadth data for TECDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index TECDAX:






Summary on todays's Advance vs. Decline data

For SDAX, MDAX and TECDAX, there was a strong reaction on last trading's day "mini crash". The Advanced vs. Declined data shows a complete turn around.

Usually, next trading's day price movements for these indices won't be as strong as they used to be today. This means that tomorrow, we can expect a small positive result for each index. Changes for negative results should be low.


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Crypto Market Barometer released on advance-decline.net

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