Crypto Market Barometer released on

  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website 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

State of Dax - Calendar Week 29

State of Dax - Calendar Week 29

As usual, I'll walk you through the state of Dax, according to market breadth data.
We're in calendar week 29 and have an interesting trading week behind us!
Let's look at the latest information.


Advance Decline Line and Advanced vs. Declined for Dax

McClellan Oscillator and McClellan Summation Index for Dax

% of Dax members above SMA50, SMA100 and SMA200

Last week's "State of the Dax" blog post mentioned that for the SMA50 a  threshold was reached. More than 50% of the Dax members traded below their SMA50, which means they switched to a downside trend. We're still below that 50%.
I also stated that for the Dax members trading above their SMA 200, a critical threshold was reached (but not breached yet). I claimed that it would not be a good sign if this number decreased any further, but then the huge dip came on the next trading day. Let's see what this graph looks like today:

The 80% threshold was breached, the graph went down to 63,3%. After the 19th July, the percentage of Dax members trading above their SMA200 was on the rise again. We're now back at 86,7% which fits it very well in the range we had before from 11th May until last week. Note that 86,7% seems to be a resistance level.

By the way: The last time the percentage of Dax members above their SMA200 reached 63,3% was back in March. Afterwards, it took the Dax members one month to climb to the peak of 96,7%.


This week's dip in the Dax was a small opportunity for all those who like to do short-time anti-cyclic trading. 
Signals coming from breadth indicators don't point downwards, but not upwards either. During the next 1-2 trading days, we might see a small price decline again because there was such a strong reaction on this week's dip.


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