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
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Market breadth charting and automated updates - progress report

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I started working on two different solutions for automatically charting all the breadth indicators for an index, including the ability to automatically proce an image (PNG) export so it can be uploaded automatically to a simple website.


My first approach was to export snapshots (as screenshots) from my data dashboards. This would still be a valid solution.

My second attempt, the one I am currently working on, is to produce all the charts myself. The advantage here is that I do not have to rely on my previous dashboard tool which also shows non-trading days, thus deforming the charts.

The image below is an export of my first attempt to create an all-in-one "chart dashboard" with all the market breadth indicators.

It works better than I thought. The graphic below is actually a working interactive charting dashboard, so one can slide through time and zoom in etc.

However, I don't think I will present the results as an interactive chart, because this would mean that I need even more infrastructure for it. I want to keep the data presentation as simple as possible.

In the example below, BitPandas BCI10 crypto index was used. Unfortunately I still did not import the normal index price data, so there is actually one chart missing. It would sit on top of all the other charts and represent the index pricing.

I will keep you posted if there is any more progress.


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