State of Dow Jones - Calendar Week 42 2021

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Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on tradingview.com):   The Dow Jones managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t

Crypto Advance Decline Line, McClellan Oscillator and more market breadth

First version of Crypto Market Breadth Indicators and Visualizations added

Today I completed the first version of Crypto Market Breadth visualizations. For several crypto currencies, such as Bitcoin or Ethereum, the Advance Decline Line, the McClellan Oscillator and more data was added.


Let's start with the BCI5 (Bitpanda Crypto Index 5) crypto index and its market breadth data

Version 1 "only" includes the Bitpanda Crypto Index 5 with the following index members:

  • BitCoin
  • Ethereum
  • Binance Coin
  • Dogecoin
  • Polkadot

You can view more information about Bitpandas Crypto Index here: https://www.bitpanda.com/en/bci-bitpanda-crypto-index

 

The following market breadth data was added for the BCI5 (crypto index):

  • Advanced vs. Declined Data for crypto
  • Advance Decline Line for crypto
  • McClellan Oscillator for crypto
  • McClellan Summation Index for crypto
  • % of index members above SMA50
  • % of index members above SMA100
  • % of index members above SMA200


Crypto Market Breadth Data (Advance Decline Line for Bitcoin etc.)

Here is today's market breadth data on the BCI5 (crypto index). Please note that it is not the market breadth data for the whole crypto market since only 5 crypto currencies are part of this small index. However, most of the crypto market capitalization is mirrored within this index... But well, here is the data!


Summary on the crypto market and the Advance Decline Line, including the Advanced vs. Declined data for the crypto index


McClellan Oscillator and McClellan Summation Index for the crypto index


% of crypto index members above SMA50, SMA100 and SMA200



What's next on crypto market breadth data?

Within the next days and weeks, I'll be working on adding even more crypto indices and generate market breadth data for them. I already have everything I need for the BCI10 index, so this index might be added soon.

If you want to see a specific crypto index being added let me know ;)


 

 

 

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