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

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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