Boersen Klaus

  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

Crypto Market Breadth according to BitPanda's Crypto Index BCI 10 (08.09.2021) BitPanda's Crypto Index BCI 10 has 10 components. It does not mirror the whole crypto market, but gives an impression about how crypto is currently doing.   Here is the market breadth data for the crypto index BCI 10: Market breadth data for BitPanda's crypto index BCI 10 provided by www.advance-decline.net   The market breadth data surely reflects the current development, meaning the little sell-off we saw during the last 24 hours. We now see less crypto currencies trading above their SMA 50, 100 and 200. The decline is particular strong for the percentage of members trading above their SMA 200 (current value is 60% compared to 2 trading days before where we had 100%). The McClellan Oscillator fell below the zero line and the McCllellan Summation Index started its decline (but is still on a high level, though). If only looking at market breadth, the current state is nothing more than a necessary

BitPandas BCI 10 Crypto Index: What's happening right now? After a strong weekend for crypto, some major currencies seem to take a break from the rally. The BCI 10 Crypto Index represents 10 crypto currencies and might help us to understand: What's happening right now?   Before I start writing, let's look at the BCI10 Crypto Market Breadth data:   Source: https://www.advance-decline.net/crypto-indices/bci-10/ Dissecting the Crypto Market Breadth Data Some would say crypto was overheated a bit after the last strong weekend.  The McClellan Oscillator dances with its zero line, while the McClellan Summation Index seems to have created a top. Values for this indicator are very high, comparable to the golden times from the beginning of the year. The percentage of BCI 10 members trading above their SMA 50 is very high. The percentage of BCI 10 members trading above their SMA 100 is very high. The percentage of BCI 10 members trading above their SMA 200 is continuously rising and

  BitPandas BCI 10 Crypto Index Market Breadth for 19.08.2021 Honestly, I thought Crypto currencies would suffer from more weakness during the last trading days. But the BCI10 and its components show an incredible strength. Market breadth data for the BCI10, however, shows a small decline for the percentage of members trading above their SMA 50. This is usually a sign that the positive trend lost some momentum. The McClellan Oscillator has been negative two days in a row, but is already showing tendency to move back to the zero line. The McClellan Summation Index is still strong.   b

BitPanda Crypto Index BCI10 - Market breadth data as of today (7th August 2021) BitCoin and Ethereum, the two largest members in the BCI10 crypto index from BitPanda, gained more ground during the last 48 hours, thus making it a very interesting weekend for crypto fans and investors. How does the market breadth data reflect the current gains? The Advance Decline Line reflects the end of the recent correction; it is still on the rise Advanced vs. Declined Data obviously has a strong phase; since July the 21th 2021, the graph has spended most time around the value of 10 The McClellan Oscillator reached the highest values since I began to generate market breadth data for this index; currently, this indicator is loosing momentum but it is still positive and above the zero line The McClellan Summation Index passed the 0 line on July the 30th, giving positive signals to cyclical traders and investors The percentage of BCI10 crypo index members trading above their SMA50 began to rise from 0 t

  BitPandas Crypto Index BCI 10 - Market Breadth Market breadth for this little crypto index reflects the strong trading days many crypto currencies have seen during the last two weeks. The Advance Decline Line is higher than it used to be during the last 2 1/2 months. Advanced vs. Declined reached the top level and the McClellan Oscillator + the McClellan Summation Index are positive. The percentage of index members trading above their SMA50 reached 90 percent. The percentage of index members trading above their SMA 100 started to climb to 20%, reaching the highest value since 1/12 months. The percentage of index members trading above their SMA 200 is back at 40%.   

Crypto on the rise again? Market breadth data suggests a turnaround Here is the latest data for BitPandas crypto currency indices BCI5 and BCI10. I will show you the values for the Avance Decline Line, Advanced vs. Declined, the McClellan Oscillator, the McClellan Summation Index and the percentage of index members trading above their SMA50, SMA100 and SMA200.   BitPandas Crypto Index BCI10: Market breadth data     BitPandas Crypto Index BCI5: Market breadth data  

I started working on two different solutions for automatically charting all the breadth indicators for an index, including the ability to automatically proce an image (PNG) export so it can be uploaded automatically to a simple website. My first approach was to export snapshots (as screenshots) from my data dashboards. This would still be a valid solution. My second attempt, the one I am currently working on, is to produce all the charts myself. The advantage here is that I do not have to rely on my previous dashboard tool which also shows non-trading days, thus deforming the charts. The image below is an export of my first attempt to create an all-in-one "chart dashboard" with all the market breadth indicators. It works better than I thought. The graphic below is actually a working interactive charting dashboard, so one can slide through time and zoom in etc. However, I don't think I will present the results as an interactive chart, because this would mean that I need ev

 Here is a snapshot of the market breadth data for BitPandas crypto index BCI 10. Summary, Advance Decline Line and Advanced vs. Declined for BitPanda crypto index BCI 10 McClellan Oscillator and Summation Index for Bitpandas crypto index BCI 10 Index members trading above their SMA50, SMA100 and SMA200 for Bitpandas crypto index BCI 10