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

BitPandas Crypto index BCI10: Market Breadth Data


BitPandas Crypto Index BCI 10 - Market Breadth

Market breadth for this little crypto index reflects the strong trading days many crypto currencies have seen during the last two weeks.

The Advance Decline Line is higher than it used to be during the last 2 1/2 months.
Advanced vs. Declined reached the top level and the McClellan Oscillator + the McClellan Summation Index are positive.

The percentage of index members trading above their SMA50 reached 90 percent.
The percentage of index members trading above their SMA 100 started to climb to 20%, reaching the highest value since 1/12 months.
The percentage of index members trading above their SMA 200 is back at 40%. 



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