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

SDAX Advance Decline Line and Advanced vs. Declined Data

SDAX Advance Decline Line and Advanced vs. Declined Data

 

We surely live in interesting (trading) times. The market breadth data on SDAX looks very interesting - I'll leave it to you if you think there is already an anti-cyclical chance. We need to wait for 12 more trading days until I can show you the McClellan indicators for this index. At the moment, there is not enough data.



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