WEEKLY CRYPTO Archives - Crypto Bloomberg

BrankoDecember 1, 2019
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6min70



Over the past week, the NWST1100 bounced to reclaim the lost ground. Buyers’ force started increasing, but the resistance (10-days EMA) stopped growing. NWST1100 rebounded by 5.79%. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said, for the past week our assumption had been: investors could expect a bounce to reclaim the lost ground. Looking at the chart NWST1100  above, at the top, we can see momentum indicators. PPO histogram bars tell us, buyers’ force started increasing a weeks ago, but the resistance (10-days EMA) stopped growing. The Breadth indicator McClellan summation index has flattened out.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is under 30, still bearish, PPO histogram bars could cross the zero line in the next few days. PPO histogram and RSI show us the most important thing – momentum rhythm. This set up is the basis for my opinion: the upward trend is more likely, with a lot of resistance (10-days, 25-days EMA, pivot line) on the way, so the market could linger around the pivot line (690 points) for a few days. In the bearish scenario which is less likely, NWST1100 could test the last week’s low or lower  Bollinger line for a while.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index rebounded by 5.79% in the past week.

2100news Crypto Index Funds

However, in the table above we can see, Ethereum Tokens index was a good performer over the last month. Looking at the chart below we can see that Ethereum Tokens (NWSET100, NWSET)

The 2100news Crypto Index FUNDS are available at Iconomi, a gateway to diversified crypto investments for the crypto community. Passively managed Crypto Funds track the massively popular 2100NEWS Digital Assets Tradable Indexes.

Special offer

During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared to near 30% but over the past five months, we were observing a pullback. Last week NWST1100 vs. W1Dow rebounded.

 

 

 

 

 


BrankoNovember 17, 2019
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8min220



Over the past week, the NWST1100 support-area (10-days and 25-days EMA) did not hold but a bullish falling flag pattern was forming. NWST1100 declined by 2.65%. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said that our assumption for the past week had been: it was a higher probability to attempt a significant move higher over resistance at 853 points. Before looking at the NWST1100 chart, let’s imagine two teams in a rope-pulling competition. One team pulls the rope with its hands, it must also move the legs to move further and become unstable at the moment of moving the legs, then the opportunity arises for a counterattack of the other team to pull back the first team. Then the events are repeated. Technical analysis graphically represents two teams: buyers and sellers. Looking at the chart above, at the top, we can see, momentum indicators are analogous to pulling a rope competition. They represent, which team has the initiative at a given moment when there will be a moment of instability that is suitable for a counterattack. PPO histogram bars tell us, buyers’ force started declining two weeks ago, so acceleration was beginning to decline. However, in the next step last week, PPO histogram bars crossed below the zero lines, deceleration began to increase, which meant the sellers’ force was increasing.  Support-area (10-days and 25-days EMA) did not hold. The Breadth indicator McClellan summation index has flattened out. As with the weather, only the near future of market movements can be well predicted. For such a forecast PPO histogram and RSI are needed because they show us the most important thing – momentum rhythm.

Looking ahead to the next week: since the beginning of October, a positive trend began to emerge. We can see a falling flag pattern in the chart (bullish pattern). The indicators give us the following signals: we can see that RSI is still neutral, showing a weak balance between demand and supply, PPO histogram bars could change the slope to positive in the next few days. It is likely to pick up stronger upside momentum. This set up is the basis, in my opinion, this would give a higher probability to attempt a significant move higher over resistance at 853 points. Alternatively, the market is so weak that it could linger around the pivot line (755 points) for a few more days in the worst case NWST1100 could test lower  Bollinger line for a while.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index declined by 2.65% in the past week.

Digital Assets decoupling

If only the 30 largest capitalizations, which represent 90% of the crypto ecosystem are observing then the decoupling is not observed. The NWS30 acted in a similar fashion as Bitcoin (correlation is extremely strong). It is also not seen at a time of growth when the tide is rising and crypto markets are correlating with leading Bitcoin. In a period of stagnation or falling, however, digital assets decoupling occurs, where it is primarily associated with uncorrelated movement relative to Bitcoin. Looking at the chart below we can see that Ethereum Tokens (NWSET100, NWSET) in the last month was moving differently than Bitcoin. However, in the table above we can see, Ethereum Tokens are green over the last two weeks.

2100news Crypto Index Funds

The 2100news Crypto Index FUNDS are available at Iconomi, a gateway to diversified crypto investments for the crypto community. Passively managed Crypto Funds track the massively popular 2100NEWS Digital Assets Tradable Indexes.

Special offer

During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared over 47% but over the past five months, we were observing a pullback. A month ago NWST1100 vs. W1Dow rebounded, last week quotient has been ranging at the bottom half of the Bollinger Bands.

 

 

 

 

 


BrankoNovember 3, 2019
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6min302

Over the past week, the NWST1100 has been hovering near the upper Keltner Channels indicator’s line. The index has confronted key resistance-area and has struggled in clearing overhead resistance for the time being. NWST1100 surged by 5.89%. Last month crypto leadership was coming from Coins represented by index NWSCo100. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said that our assumption for the past week had been: it was likely, a rally could continue to and over resistance at 850 points. On the NWST1100 chart, we can see, the index price has been hovering near the upper Keltner Channels indicator’s line. NWST1100 has confronted key resistance-area and has struggled in clearing overhead resistance for the time being.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 57, PPO is sloping up, the brown PPO histogram bars are decreasing. That would be a sign of weaker upside momentum. The Breadth indicators are rising. This set up is the basis, in my opinion a move to resistance at 858 points is likely for the next week, a bullish reversal could be confirmed.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index surged by 5.89% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. We can see in the chart below, the NWS30 acted in a similar fashion as Bitcoin (correlation is extremely strong). If only the 30 largest capitalizations, which represent 90% of the crypto ecosystem are observing then the decoupling is not observed. It is also not seen at a time of growth when the tide is rising and crypto markets are correlating with leading Bitcoin. In a period of stagnation or falling, however, digital assets decoupling occurs, where it is primarily associated with uncorrelated movement relative to Bitcoin stand out Coins (NWSCo100), Large caps  (NWSL100), and Ethereum Tokens (NWSET100).

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared over 55% but over the past five months, we were observing a pullback. Two weeks ago NWST1100 vs. W1Dow rebounded, last week quotient has been ranging at the top half of the Bollinger Bands.

2100news Crypto Index Funds

The 2100news Crypto Index FUNDS are available at Iconomi, a gateway to diversified crypto investments for the crypto community. Passively managed Crypto Funds track the massively popular 2100NEWS Digital Assets Tradable Indexes.

Special offer

During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.

 

 

 

 


BrankoOctober 20, 2019
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5min279

Over the past week, the NWST1100 was ranging at the bottom half of the Bollinger Bands. NWST1100 has continued to fend off support the lower Keltner Channels indicator’s line and bounced off that line, the index declined 2.6%.  Last month crypto leadership was coming from Ethereum tokens represented by index NWSET100. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said that our assumption for the past week had been:  a sideways trend with a likelihood of a move up to resistance at 800 points was similar to a new bottom test (700 points). On the NWST1100 chart, we can see, that the index price has been ranging at the bottom half of the Bollinger Bands. NWST1100 has continued to fend off support the lower Keltner Channels indicator’s line and bounced off that line, the NWST1100 seems to have found a bottom for the time being.

Looking ahead to the next week, the indicators give us the following signals: we can see that the Relative Strength Index (RSI) is 40 and isn’t showing us much, the brown PPO histogram bars could stay positive, the result – PPO lines will continue sloping positively in the next few days.  That would be a sign of upside momentum. Breadth indicator McClellan summation index is flattening out. This set up is the basis, that in my opinion for the next week NWST1100 is headed to the Pivot at 764 points, less likely but it is also possible that we will see another step down to the lower Bollinger line.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index declined +2.6% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. The two major indexes NWST1100 and NWSBE acted in a similar fashion. On the NWSET100 chart below we can see, since the end of October, the brown graph (NWSET100) has behaved differently than the area graph (NWSBE). Last month crypto leadership was coming from NWSET100 which represents Ethereum Tokens.  They have been the market’s strongest group.

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared over 41% but over the past four months, we were observing a pullback. A month ago NWST1100 plummeted vs. The double bottom was formed in October, a potential reversal may be likely, this week could be the turning point.

 

 

 

 

 

 


BrankoOctober 6, 2019
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6min584

Over the past week, the NWST1100 was hovering near the lower Keltner Channels line, the index was practically unchanged +0.36%. The inability to clear 10-days EMA kept the index in a sideways trading range and left open the possibility of further falling. Last month crypto leadership was coming from Ether, Large-caps, and Coins. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said that our assumption had been: PPO histogram bars (blue arrow) could have changed the slope to positive, which would have been a sign of weaker downside momentum. The likelihood of a rebound to 10-days EMA was similar to the short culmination of a negative trend. On the NWST1100 chart, we can see, that the index was hovering near the lower Keltner Channels line. At the same time, its 14-day RSI was oversold, the brown PPO histogram bars have increased and the PPO lines (upper box) have flattened out. The inability to clear 10-days EMA kept the index in a sideways trading range and left open the possibility of further falling.

Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 25 and oversold, the brown PPO histogram bars could cross 0 in the next few days.  That would be a sign of upside momentum. If PPO bars advance to 0 and stall it could be a failure at resistance and decline, the index will be headed to further falling. Breadth indicator McClellan summation index is flattening out. This set up is the basis, that in my opinion for the next week a more likely course is a move to the Pivot at 767 points but it is also possible that we will see another step down to the lower Bollinger line. This leaves open the possibility of retest the support near 630 points.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index was practically unchanged +0.36% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. The two major indexes NWST1100 and NWSBE acted in a similar fashion. On the Bitcoin chart below we can see a similar setup as on the chart of NWST1100. As we can see in the chart below, since mid-July, the green histogram graph  (Ether) has behaved differently than the area graph (NWSBE). Last month crypto leadership was coming from Ether and Coins.  Large-caps (AltCoins) have been of the market’s strongest groups.

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared over 44% but over the past four months, we were observing a pullback. Two weeks ago NWST1100 plummeted vs. W1Dow again and last week we were observing a consolidation.

 

 

 

 


BrankoSeptember 22, 2019
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5min658

Over the past week, NWST1100 increased by 1.79%. The Total index rose to its peak but has lost traction. Last two weeks crypto leadership was coming from Ether, Large-caps, and Coins. The market capitalization of a whole crypto ecosystem has not grown, Bitcoin was being sold to buy ALT coins.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

 

 

In the previous report, it was said that our assumption has been: more likely course would be a move to break upper trendline. On the NWST1100 chart we can see, that index rose to its peak but has lost traction at or above that price point. It was trading at its 10-days and 25-days EMA but it did not clear some upside resistance barriers. At the same time, its 14-day RSI lines, the brown PPO histogram bars, and the PPO lines (upper box) have changed the slope. That was a sign that upside momentum succumbed to bearish pressure. We need to be aware that in the last month the market capitalization of a whole crypto ecosystem has not grown, Bitcoin was being sold to buy ALT coins. On the table below we can see that Large caps represented by index NWSL100 and coins represented by NWSCo100 have reported the biggest gains in the last two weeks.

Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 42 and declining, the brown PPO histogram bars could turn more negative in the next few days.  That would be a sign of stronger downside momentum. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume are raising. This set up is the basis for our assumption, that for the next week is a more likely course a move to the lower Bollinger. This leaves open the possibility of retest the support near 800 points.

Performance of different groups of Digital Assets (Coins and Tokens)

 

Looking at the table, you can see that Total (NWST1100) index increased by 1.79% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. Last two weeks crypto leadership was coming from Ether, Large-caps, and Coins. On the Ether chart below we can see a different setup as on the chart of NWST1100 (the PPO lines are above 0). Large-caps (AltCoins) have been one of the market’s strongest group.

 

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared over 75% but over the past 15 weeks, we were observing a consolidation. Last 11 weeks NWST1100 reported 29.4% loss vs. W1Dow.

 

 

 


BrankoSeptember 8, 2019
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5min561

Over the past week, NWST1100 surged by 5.83%. The Total index rose to its peak and was backing off from overhead resistance along the upper trend line, it was trading at its 25-days EMA. Last five months crypto leadership was coming from Bitcoin, Large-caps (AltCoins) have been hit hard and have been one of the market’s weakest group.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

 

In the previous report, it was said that our assumption has been: a more likely course would be a move to 25-days EMA. On the NWST1100 chart, we can see, that index rose to its peak and was backing off from overhead resistance along the upper trend line, it was trading at its 25-days EMA but it did not clear some upside resistance barriers. At the same time, its 14-day RSI lines (upper box) have risen to 50; and its daily PPO lines have turned more positive.

Looking ahead to the next week, chart patterns still show us Symmetrical triangle. The direction of the next major move can only be determined after a valid breakout in the next week. The indicators give us the following signals: we can see that RSI is 50, the brown PPO histogram bars could turn more positive in the next few days.  As a consequence, the PPO lines are close to crossing above 0. That would be a sign of stronger upside momentum. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume are flattening out. This set up is the basis, that for the next week is a more likely course a move to the upper trendline for the third time since the start of July. Sometimes the third time is a charm. And it looks like this time it is.  This leaves open the possibility of a retest of  R1 (960 points).

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that Total (NWST1100) index increased by 5.83% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. Last five months crypto leadership was coming from Bitcoin. On the Bitcoin chart below we can see a similar setup as on the chart of NWST1100 (Symmetrical triangle, the PPO lines are close to crossing above 0). Large-caps (AltCoins) have been hit hard and have been one of the market’s weakest group. So their ability to find support could give us a clue as to overall market direction.

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared to near 75% but over the past 13 weeks, we were observing a consolidation. Last two months NWST1100 reported 29.8% loss vs. W1Dow.

 

 

 



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