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

NASDAQ 100 unchained on 30.08.2021

NASDAQ 100 Unchained

Despite my estimation I published with yesterday's blog post, the Nasdaq 100 managed to climb another 1,12% today. 

What's our perspective on the current situation?


NASDAQ 100 Market Breadth Data and Envelopes

Source: Nasdaq 100 Market Breadth Data 


The price stopped at the top border of the upper Envelope band. Really, chances are now very high that the price will move into the opposite direction during the next trading day. Breaking through the upper band is a rare event and happened once per 3 months during the last year (it's not entirely correct, but you get the point).

Nasdaq 100 Advances vs. Declines actually declined today. The McClellan Oscillator gives very bullish signals while the McClellan Summation Index is moving towards the zero line with medium speed.


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