2100NEWS Crypto Market Breadth Survey

Analysis of Market Direction… Timing is Everything!

Market Breadth Indicators are powerful technical analysis tools that gauge the direction of the market and help traders determine if it’s bullish, bearish or neutral. They do so by analyzing the degree of participation in an advance or a decline to see whether or not an uptrend or downtrend is broad-based and therefore likely to continue. Breadth indicators offer a different perspective on the markets that can’t be seen through other indicators.

Last week started with the strong up move, it was only a big correction upwards, a big bear shake out. We show charts 2100NEWS Digital Assets Total Index (NWST1100) which represent top 1100 Digital Assets and 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) which represent 100 large-cap Digital Assets.

2100news Digital Assets Total Index (NWST1100)

Christmas rally stopped. ADVL (ADVP on the chart below is negative), PPO histogram, and RSI changed direction. In my opinion, currently, the short-term price action is consolidation. The trend is sideways.  Correction Target is near 420 points. 

2100news Digital Assets 100 Large Cap  Index (NWSL100)

Large-cap Digital Assets have similar charts as total market. ADVL (ADVP on the chart below is negative for the second day), PPO histogram, and RSI changed direction. In my opinion, consolidation is in place and a sideways market.  Correction Target is near 400 points. 

2100NEWS DA Ethereum Based Index (NWSET100)

2100NEWS DA Factor Indexes are designed to capture the return of factors that are common to individual groups of digital assets at crypto markets. I’m a researcher that is interested in the deep understanding of crypto, I’m curious to know what are the links between the different groups of digital assets. A very interesting finding comes when we look what was the behavior of Ethereum based tokens and Ether in the Christmas rally.

We can see on the chart that Ethereum based tokens lost 23% vs. Ether in the Christmas rally. This tells us, that investors were selling tokens and buying Ether during the rally. 

2100NEWS DA Coin Index (NWSCo100)

On the chart, we can see that Coins started the Christmas rally (blue arrow) and performed almost 19% better than Ethereum based Tokens.

One comment

  • Ben

    April 10, 2019 at 9:13 pm

    how does one get access to your indicators? the tool section seems to be repeating the same content

Comments are closed.


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We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


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