Crypto Market Barometer released on advance-decline.net

Image
  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

Nikkei 225 slightly overheated 01.09.2021

Nikkei slightly overheated

New month, new "overheated" alert! From my point of view, the Nikkei 225 looks slightly overheated after breaking out from lower levels.


Nikkei 225 Market Breadth and Envelopes

The price touched the envelopes and almost reached the border of the upper band. The last time the Nikkei 225 crossed the upper Envelopes band was in February 2021. Since then, every time it touched the upper band, it bounced back one trading day later.

The Advance decline Line did not rise above the last high, which is some kind of divergence. 

The McClellan Oscillator for Nikkei 225 reached the highest level since mid August and the McClellan Summation Index for Nikkei 225 just touched the value 30 line.

From a technical point of view, this index is now looking stronger than during the last weeks. It will be interesting to see if the break out will continue.

PS: The Nikkei 225 closed above the SMA 200 today. It was closing above the SMA 20 two trading days ago.



Comments

Popular posts from this blog

State of Dow Jones - Calendar Week 42 2021

State of DAX - Calendar Week 42

State of Dow Jones - Calendar Week 40