US and EU stock indices data ingestion currently broken

An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    

BCI10 Crypto Index from BitPanda what's happening right now?

BitPandas BCI 10 Crypto Index: What's happening right now?

After a strong weekend for crypto, some major currencies seem to take a break from the rally. The BCI 10 Crypto Index represents 10 crypto currencies and might help us to understand: What's happening right now?

 

Before I start writing, let's look at the BCI10 Crypto Market Breadth data:

 

Source: https://www.advance-decline.net/crypto-indices/bci-10/


Dissecting the Crypto Market Breadth Data

Some would say crypto was overheated a bit after the last strong weekend. 

The McClellan Oscillator dances with its zero line, while the McClellan Summation Index seems to have created a top. Values for this indicator are very high, comparable to the golden times from the beginning of the year.

The percentage of BCI 10 members trading above their SMA 50 is very high.

The percentage of BCI 10 members trading above their SMA 100 is very high.

The percentage of BCI 10 members trading above their SMA 200 is continuously rising and at the moment clearly above the 50% level. So the current bullish trend is intact and the crypto market, being represented by the BitPanda BCI 10 crypto index, seems to be in the middle of an uptrend.

According to this data, it is likely that the biggest crypto currencies will loose momentum and consolidate before taking another attempt to reach old highs.



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