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

State of Dax - Calendar Week 31

State of Dax - Calendar Week 31

Welcome back to another episode in the "State of Dax" blog post series.

The German stock index DAX climbed again, now residing near its alltime high.

It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics.

But well, let's see - what is the current state of Dax?

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

Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index.

Let's check every indicator:
  • The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements
  • Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral..
  • McClellan Oscillator for Dax: Above the zero line again, Slightly bullish. Let's wait for more data here.
  • McClellan Summation Index: A bottom was formed, the indicator is now moving upwards towards the zero line. Anti-cyclical traders might find this situation bullish, cyclical traders wait for the indicator to cross the zero line
  • Percentage of Dax members trading above their SMA50: Climbed to 60%, which is the highest value since mid of July
  • Percentage of Dax members trading above their SMA100: Climbed to 60%, highest value since beginning of July
  • Percentage of Dax members trading above their SMA200: Actually declined a little and is now back at 80%; no warning signal here

It might come as a surprise, but at the moment, the German stock index Dax seems to be a little bit stronger than usual during August. The market breadth data supports the current attempt to reach the all time high. In my chart, the Advanced Declined Line for Dax already reached a new record. Chances are not too bad that we see a new all time high for this index soon. However, since we are in August, I doubt that this would be a large breakout from the current trading range.



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