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 index BCI10 Market Breadth data added

It turned out that adding the market breadth data for the BCI10 index was very easy after I added the market breadth data for Bitpandas crypto index BCI5.

What are the members of the BCI10 (Bitpanda Crypto Index 10)?

  • BitCoin
  • Ethereum
  • Binance Coin
  • Dogecoin
  • Polkadot
  • Cardano
  • Uniswap
  • Bitcoin Cash
  • Litecoin
  • Chainlink

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

 

What market breadth data was added for the BCI10 crypto index?

The following market breadth data was added for the BCI10 (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.) for BCI10

Here is today's market breadth data on the BCI10 (crypto index). Please note that it is not the market breadth data for the whole crypto market since only 10 crypto currencies are part of this index. However, most of the crypto market capitalization is mirrored within this index... But well, here is the data!
 
 

Advance Decline Line, including the Advanced vs. Declined data for the crypto index BCI10

McClellan Oscillator and McClellan Summation Index for the crypto index BCI10


% of crypto index members above SMA50, SMA100 and SMA200 for the BCI10



 

 

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