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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TecDax incredibly strong 01.09.2021

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 TecDax - current state

The German tech stock index TecDax shows an incredible strength. According to the market breadth data available on advance-decline.net, the TecDax is no longer overheated but remains on high levels. The price is currently a few milimeters below the upper Envelopes band.  The McClellan Summation Index shows the highest value for weeks, but the McClellan Oscillator is actually jumping towards the zero line. This could be a warn signal that an important area will be reached soon and that the index will stop its fulminant rally.


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