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

State of Dax - Calendar Week 30

State of Dax - Calendar Week 30

It is weekend again! The last trading month July lies behind us and it is again time for us to take a look at the state of the German stock index DAX.

Let's start!

The last weeks

The last weeks have certainly being interesting. The Dax is in a sideways trend, with almost no gains or losses during July (+0,08%).

Seasonal effects surely apply during this summer.


Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200


As mentioned in previous blog posts, I created a new charting dashboard. It includes all graphs I have in a single interactive dashboard. I can't share this interactive version if you due to missing server resources, but I can export everything as an image.

So well, what's the current state?

  • As you can see, the Advance Decline Line shows no divergence with the index.
  • Advanced vs. Declined reached the lower extreme during the last trading days. Usually, this line tends to oscillate between two extremes, so it might be okey to assume that the next trading days will be more successful (for bulls) than the previous ones.
  • The McClellan Oscillator is more or less in a neutral position
  • The McClellan Summation Index remains below the 0 line; one could argue that a bottom is being formed. Some anti-cyclical traders or investors with manual timing could speculate that the McClellan Summation Index will not fall any further
  • The % of members trading above their SMA 50 line declined again and again reached the threshold of ~ 38%; the next trading days will show if this threshold will hold or not
  • The % of members trading above their SMA 100 line is still low, but did not decline any further
  • The % of members trading above their SMA 200 line oscillates at the 80% mark. It would be a good sign if this number would stay above the 80% mark for a longer period

 

Within those indicators, bulls have less advantages than bears. In total, the picture is neutral, with a small tendency to bearish.

August is usually a weak month for the Dax.


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