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Showing posts with the label percentage of members trading above their SMAs

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

State of Dow Jones - Calendar Week 40

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State of Dow Jones - Calendar Week 40 I publish the "State of DAX" report every weekend, and after I've added some tooling to calculate the same market breadth data for the Dow Jones as well, I've decided that I can also publish a report on the state of the Dow Jones index. Those "reports" are just simple blog posts which try to interpret the current technical and market breadth situation, from my personal perspective and with my limited knowledge. "State of Dow Jones" might be a name that is too big for this blog post series, but I can't think of any other (good) name at the moment. So here we are, starting a new blog post series. Welcome and let's start!   Technical Chart for Dow Jones Total gains/losses for the Dow Jones in October so far: ~ 1,22% Here is the current technical chart for the Dow Jones index, created on tradingview.com: The Dow Jones has seen some interesting trading days! The range between 33 227 and 33 810 is a very impo

State of DAX - Calendar Week 38

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State of DAX - Calender Week 38 Vacation is over and another "State of DAX" report is due. During the past two weeks, we've seen a dip, realized that Evergrande in China is no longer able to pay out the investors and we still deal with the "usual" problems, such as the Corona pandemic. In addition, the amount of DAX components grew from 30 to 40. Lots of things are moving the DAX and it will be interesting to look at the state of the German stock index. Technical Chart for DAX DAX technical chart created at tradingview.com The DAX fell through the lower Envelope band and gave a clear oversold signal on the short-term time window. At the moment, the price is again between the Envelope bands but failed to reconquer the SMA 20. As long as the price is between the SMA 20 and the lower Envelope band, I speak of a bearish or weak phase on the short-term time window. At least the DAX managed to trade above 15 500 again, an important area of support and resistance. Howe