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

Vacation Time Roundup (2021)

Vacation Time Roundup (2021)

What happened during the last 10 days?

Vacation is over :( and it is time to catch up with the markets. What happened during the last 10 days? listed as a Top 100 Trading Blog on Feedspot

I'm happy to announce that Feedspot recently included this little blog here into its list of the Top 100 Trading Blogs in the web. Feedspot helps you to discover and follow interesting blogs covering various topics, including trading and investing.

Check out their website if you are open to discover new and interesting blogs!

Major indices dropped

The chart above visualizes the price development for selected indices during the last 10 days, compared to market opening on day one.

Almost all selected indices declined and did not recover yet from the sharp drop we've seen with its lowest low on September the 20th:

  • The German tech stock index TECDAX gained 0,74% during this period
  • The indices NASDAQ 100, Dow Jones, SDAX, DAX, TECDAX, MDAX, Nikkei 225 and the Euro Stoxx 50 all developed in a similar way.
    • On September the 20th, the lowest low during the selected periods was reached, ranging from ~ 96,4% to ~ 97,3%
    • This evening, they're back with a range from 97,85% up to 99,06%, almost having recovered from the losses
  • The Hang Seng went down to ~ 92,3% (that's almost -8%!) and is now at 94,55%


Honestly, I think most of the market observers were expecting a drop or an "end of summer correction" and it is funny that this interesting time period was happening during my vacation. I expected something like this and gladly was prepared.

Starting tomorrow, I will update my charts and cover some indices with one or several new blog posts. 

Crypto also declined

Since I also cover crypto indices on my blog and my market breadth website,I also want to check out what happened to the major crypto currencies. Sadly I can't track the BCI5 and BCI10 easily within my charting tools, so I am going to be lazy and only cover BitCoin and Ethereum.

During the last 10 days, Ethereum actually rised to nearly ~109% before dropping to 86% on September the 21th.

BitCoin rised to ~106,88% before dropping to 92%.

If you need any more proof that crypto is volatile, look no further..

At the moment, Ethereum is back at 92% (still 8% decline during the last 10 days) and BitCoin currently resides at 95,76%.

If there is time, I will cover the BCI 10 index as well in one of the upcoming blog posts about the state of the stock and crypto indices.


Popular posts from this blog

Crypto Market Barometer released on

State of Dow Jones - Calendar Week 42 2021

DAX falling and rebounding as expected