WEEKLY CRYPTO Archives - 2100NEWS

BrankoOctober 20, 2020
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6min84



Over the last week, NWST1100 rose by 0.84%, the index price moved up during the first four days of the week then upside momentum succumbed to bearish pressure. This year NWST1100 outperformed W1Dow by 67.5% while over the last 12 months, it was 31.3% higher.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: a move upward was more likely, the market could reach R1 resistance.  The NWST1100 chart shows that the assumption proved to be incorrect, the index moved up during the first four days of the week, it did not establish any kind of sustained attempt to move to R1. Then the index price has been hovering near the upper Keltner Channels indicator’s line, 14-day RSI lines (upper box) has changed the slope. That was a sign that upside momentum succumbed to bearish pressure. Buyers were not strong enough. At the top we see momentum indicators: PPO lines are sloping up but the PPO histogram is sloping down, Breadth indicators at the bottom have flattened out. The chart below compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

over the last 10 months. All four A50R lines are under the green oversold border. *The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 55; PPO lines may continue direction in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue rising.  This constellation is the basis for my opinion: the sideways trend is more likely, but the index could attempt to move up to R1.

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

The crypto markets picked up different directions, tokens fell, coins remained at the same level while Bitcoin and Ether grew over the last week. The table shows that the total (NWST1100) index rose by 0.84%.

Crypto (Digital Assets) compared with global equity

We have already shown the superiority of crypto investments as a new investment class. For the sake of objectivity, we review various timespans, however, the chart shows that crypto investments are superior over various timespans. The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. The Percentage Change Marks on the chart shows that this year NWST1100 outperformed W1Dow by 67.5% while over the last 12 months, NWST1100 was 31.3% higher. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price is 27.1% higher than twelve months index average price.  This means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 27.1% gains today.

*The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. 

 

 

 

 

 


BrankoOctober 6, 2020
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6min78



Over the last week, NWST1100 dropped by 3.75%, the index price tested the resistance represented by 25-days EMA then the price moved down. DeFi placed pressure on tokens built on Ethereum because the hype around the Decentralized Finance (DeFi) turned into a sharp fall in September.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: a move upward was more likely, the market could move to the upper Keltner band.  The NWST1100 chart shows that the assumption was almost true, the index moved up during the first four days of the week, then the index price tested the resistance represented by 25-days EMA. Buyers were not strong enough however the price moved down. At the top we see momentum indicators: PPO lines are sloping up but PPO histogram and RSI are sloping down, Breadth indicators at the bottom have continued a downward trend.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 42; PPO histogram bars may continue direction in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue falling.  This constellation is the basis for my opinion: the sideways trend is more likely, the index could test for a third time if the support represented by 143-days EMA holds. In this case, the index will turn around sharply as it did twice in September.

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

The crypto markets fell over the last week, the table shows that the total (NWST1100) index dropped by 3.75%.  DeFi placed additional pressure on tokens built on Ethereum because the hype around the Decentralized Finance (DeFi) turned into a sharp fall in September.

Digital Assets decoupling

2100NEWS DA indexes enable us to measure decoupling. Over the last three months,  Ethereum based tokens have decoupled. Much of the sentiment revolved around the fast growth and fall of the DeFi space. Hence, over September when DeFi tokens crashed, they placed selling pressure on tokens built on Ethereum. For instance, the 2100NEWS DA Ethereum Based Index (NWSET100)  experienced a massive fall during the last month (-29.2%).

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. The chart shows that crypto investments are superior over various timespans. This year NWST1100 outperformed W1Dow by 62% while over the last 12 months, NWST1100 was 25% higher. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price is 20.9% higher than twelve months index average price.  This means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 20.9% gains today.

*The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. 

 

 

 

 

 


BrankoSeptember 22, 2020
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6min129



Over the last week, NWST1100 increased by 1.67%, the index price tested the resistance represented by 10-days EMA. Buyers were not strong enough. The hype around the Decentralized Finance (DeFi) has calmed down. DeFi tokens crashed and placed additional selling pressure.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: a move upward was more likely, the market could move to the upper Keltner band.  The NWST1100 chart shows that the assumption was almost true, the index moved up during the first four days of the week, then the index price tested the resistance represented by 10-days EMA. Buyers were not strong enough. At the top we see momentum indicators: PPO lines, PPO histogram, and RSI are sloping up but Breadth indicators at the bottom have continued a downward trend.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 46; PPO histogram bars may change direction in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue falling.  This constellation is the basis for my opinion: the move downward is more likely, the index could test again if the support represented by 143-days EMA holds. In this case, the index will turn around sharply.

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

The crypto markets rose over the last week, the table shows that the total (NWST1100) index increased by 1.67%.  DeFi correction placed additional pressure. on tokens built on Ethereum, because the hype around the Decentralized Finance (DeFi) bull run has calmed down.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling. Over the last three months,  Ethereum based tokens have decoupled. Much of the optimistic sentiment revolved around the fast growth of the DeFi space. Hence, when DeFi tokens crashed, they placed additional selling pressure on tokens built on Ethereum. For instance. the 2100NEWS DA Ethereum Based Index (NWSET100)  experienced a massive fall during the last three weeks (-31.8%).

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. The chart shows the superiority of crypto investments over various timespans. This year NWST1100 outperformed W1Dow by 73% while over the last 12 months, NWST1100 was 10% higher. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1000 spot price is 31.8% higher than twelve months index average price.  This means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 31.8% gains today.

*The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. 

 

 

 

 

 


BrankoSeptember 8, 2020
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6min149



Over the last week, NWST1100 plummeted by 8.17%, the index price tested the support represented by 25-days EMA which did not hold. The moving averages completed a bearish crossover. The index fell more than 20% from the top.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: the sideways trend was still more likely, the market could linger inside the Keltner channel.  The NWST1100 chart shows that the assumption was false, the index trended sideways during the first four days of the week, then the index price tested the supports represented by 25-days EMA and S1 which did not hold. The moving averages completed a bearish crossover. The index fell more than 20% from the top.  Corrections are healthy, some crypto investors used the recent dip to purchase. Buying against the prevailing short-term trend was not an easy task. However, it will be the right thing if the support represented by 143-days EMA  holds. At the top we see momentum indicators: PPO lines and RSI are sloping down.

The chart below compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

over the last 10 months. All four A50R lines moved from the red overbought border to green oversold over the last week. *The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 32; PPO histogram bars may continue sloping down in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue falling.  This constellation is the basis for my opinion: the move downward is more likely, the index could test again if the support represented by 143-days EMA holds. In this case, the index will turn around sharply.

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

The crypto markets fell sharply over the last week, the table shows that the total (NWST1100) index plummeted by 8.17%.  Ether led the way down.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. The chart shows the superiority of crypto investments. This year NWST1100 outperformed W1Dow by 71% while over the last 12 months, NWST1100 was 10.5% higher. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1000 spot price is 34.4% higher than twelve months index average price.  This means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 34% gains today.

 

 

 

 

 


BrankoAugust 24, 2020
crypto.jpg

6min174



Over the last week, NWST1100 dropped by 2.81%, the index price has tested the support represented by 10-days EMA. The bulls controlled the index during the first four days of the week. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: the next target to watch out for was R2 (7% higher), the market could test the support represented by 10-days EMA (7% lower).  The NWST1100 chart shows that the assumption was true, the bulls controlled the index during the first four days of the week, then the index price has tested the support represented by 10-days EMA.  At the top we see momentum indicators: PPO lines and RSI are sloping down.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 58 (neutral); PPO histogram bars may continue sloping down in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue falling.  This constellation is the basis for my opinion: the sideways trend is more likely, the market could linger between 1100 25-days EMA  (pink) and 1240 points.

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

The crypto markets experienced a pullback over the last week, the table shows that the total (NWST1100) index dropped by 2.81%.  The tokens that are not built on Ethereum which are represented by NWSOT50 was the weakest.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling accurately. Over the last four months,  the tokens built on Ethereum represented by 2100NEWS DA Ethereum Based Index (NWSET100)  had experienced a massive rally during the first three weeks (+27.21%), then one week Ether led the way up, so NWSBE soared (25%) and caught  NWSET100. The third rotation was during August, the NWSET index has soared again. The tokens which are built on Ethereum have decoupled. Their prices did not follow Bitcoin and Ether represented by the NWSBE.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. We see at the top that this year, crypto investment represented by NWST1000 beat global equity by 89% while over the last 12 months NWST1100 was was 17% higher. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1100 spot price is 48% higher than twelve months index average price. This means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 48% gains today.

 

 

 

 

 


BrankoAugust 10, 2020
Invertir-en-divisas-Indicadores-de-Forex-destacada-1280x720.jpeg

6min255



Over the last week, NWST1100 surged by 5.45%, the bulls controlled the index, the index price has stayed above the upper Keltner line. Crypto markets experienced a new index rotation from Bitcoin and Ether to tokens caused while the NWSET index soared.  

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: If the bulls could propel the price above 1090 points, the next target to watch out for would be 10% higher.  The NWST1100 chart shows that the assumption was true, the bulls controlled the index, the index price has stayed above the upper Keltner line.  At the top we see momentum indicators: PPO lines are sloping up while RSI has risen deep in the overbought zone.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 94 (extremely overbought which increases the possibility of a minor correction or a pullback); PPO histogram bars may cross zero lines in the coming days. At the bottom of the chart, we see the Breadth indicators that may continue rising.  This constellation is the basis for my opinion: a more likely course for the next week is a move above the resistance R1 (4% higher), correction to 10-days EMA (-7%) is either possible.

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

The crypto markets continued moving up over the last week, the table shows that the total (NWST1100) index surged by  5.45%.  Ethereum Tokens index NWSET100 was the strongest.

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. Over the last four months,  Ethereum based tokens have decoupled. Their prices did not follow Bitcoin and Ether represented by the NWSBE.  The chart below shows crypto index rotation from tokens to Bitcoin and Ether and back to tokens. Tokens built on Ethereum represented by 2100NEWS DA Ethereum Based Index (NWSET100)  had experienced a massive rally during the first three weeks (+27.21%), then one week Ether led the way up, so NWSBE soared (25%) and caught  NWSET100. The third rotation was during August, the NWSET index has soared again, it has beaten NWSET.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. This year, crypto investment represented by NWST1000 beat global equity by 87% while over the last 12 months NWST1100 was was 10% higher. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1000 spot price is 44% higher than twelve months index average price.

 

 

 

 

 


BrankoJuly 28, 2020
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7min318



Over the last week, NWST1100 surged by 6.55%. The index price made a breakout from the upper Bollinger line. Crypto markets index rotation from tokens to Bitcoin and Ether caused that the NWSET index went down while the NWSBE soared.  

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: the sideways trend is more likely, the market could linger between 800 and 880 points. The NWST1100 chart shows that the assumption was true during the first four days of the week, then bulls controlled the index, the index price made a breakout from the upper Bollinger line.  At the top we see momentum indicators: RSI, PPO lines, and PPO histogram continued rising. The chart below compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

over the last 10 months. All four A50R lines are near or over the red overbought border. *The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 85 (bullish and overbought); the PPO histogram bars and the PPO may continue sloping up in the coming days. At the bottom of the chart, we see the Breadth indicators that could continue moving up.  This constellation is the basis for my opinion: a more likely course for the next week is a move up to resistance R1 which is 5% higher, correction to Pivot -5% is either possible.

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

The crypto markets experienced a sharp move up over the last week, the table shows that the total (NWST1100) index surged by  6.55%.  Other Tokens index NWSOT50 was the strongest.

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. Over the last four months,  Ethereum based tokens have decoupled. Their prices did not follow Bitcoin and Ether represented by the NWSBE.  The chart below shows, crypto markets rotation from tokens to Bitcoin and Ether, which caused that the NWSET index went down while the NWSBE soared, as is illustrated by arrows.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. This year the NWST1100 outperformed W1Dow twice by 60%. The first wave up was an extended Christmas rally then the pair suffered a collapse caused by the corona pandemic, and the crypto markets had fallen more than the equity markets and lost their advantage. Since  March 18th NWST1100 vs. W1Dow pair had rebounded and peaked eleven weeks ago. This year, crypto investment represented by NWST1000 beat global equity by 55.5% while over the last 12 months NWST1100 was practically at the same level. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 price and W1Dow price are above average, but the NWST1000 price today is 16% above average.

 

 

 

 

 


BrankoJuly 14, 2020
Cryptocurrency-Index-Funds-Chart.jpg

7min269



Over the last week, NWST1100 surged by 5.47%. The index price made a breakout from the upper trendline of the  Symmetrical triangle chart pattern which indicates the start of a new bullish trend. Over the last four months, Ethereum based tokens recorded significantly larger gains.  

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: a more likely course was a move to the 750 points. If the supports represented by the 143-day EMA held, a quick rebound would follow. The NWST1100 chart shows that during the last four days of the week, bulls controlled the index, the index price made a breakout from the upper trendline of the  Symmetrical triangle chart pattern which indicates the start of a new bullish trend.  At the top we see momentum indicators: RSI, PPO lines and PPO histogram started rising, PPO zero crossover which provided evidence that underlying trend turned upward. The chart below compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

over the last 10 months. All four A50R lines had risen. *The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 64 (bullish); the PPO histogram bars and the PPO may continue sloping up in the coming days. At the bottom of the chart, we see the Breadth indicators that could change direction.  This constellation is the basis for my opinion: a more likely course for the next week is a move up inside the upper Keltner Band.

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

The crypto markets experienced a sharp move up over the last week, the table shows that the total (NWST1100) index surged by  5.47%.  Other Tokens index NWSOT50 was the strongest.

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. Over the last four months,  Ethereum based tokens have decoupled. Their prices did not follow Bitcoin and Ether represented by the NWSBE.  The chart below shows, that Ethereum tokens (NWSET100) have been pushing higher each week. In July Coins and Large caps followed NWSET100.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. This year the NWST1100 outperformed W1Dow twice by 60%. The first wave up was an extended Christmas rally then the pair suffered a collapse caused by the corona pandemic, and the crypto markets had fallen more than the equity markets and lost their advantage. Since  March 18th NWST1100 vs. W1Dow pair had rebounded and peaked two months ago. This year, crypto investment represented by NWST1000 beat global equity by 46.8% while over the last 12 months NWST1100 was 19% lower. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 price and W1Dow price are above average, but the NWST1000 average is 30.09% lower than 12 months ago.

 

 

 

 

 


BrankoJune 29, 2020
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6min377



Over the last week, NWST1100 decreased by 0.78%. During the last four days of the week, bears controlled the index, the index price was declining in the lower Keltner band. Over the last two months, mid and small caps tokens recorded significantly larger gains.  

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: The continuation of the decline was more likely. The Index was on the limit where the trend could turn downward or sideways trend could resume. The NWST1100 chart shows that during the last four days of the week, bears controlled the index, the index price was declining in the lower Keltner band and the Symmetrical triangle chart pattern was forming.  At the top we see momentum indicators: RSI, PPO histogram continued falling, PPO zero crossover which provided evidence that underlying trend turned downward.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 39 (bearish); the PPO histogram bars and the PPO may continue sloping down in the coming days. At the bottom of the chart, we see the Breadth indicators that could continue falling.  Critical short term support levels are considered to be the lower trend line and the support level represented by the 143-day EMA (working days). The main question is: “Will support at 750 points hold or will it fall?” If the price of the NWST1100 falls at support, we expect the index to fall to as low as 680 points. This set up is the basis for my opinion: a more likely course for the next week is a move to the 750 points. If the supports represented by the 143-day EMA hold, a quick rebound will follow.

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

The crypto markets continued falling over the last week, the table shows that the total (NWST1100) index decreased by 0.78%.  Other Tokens index NWSOT50 was the weakest.

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. Over the last two months,  mid and small caps tokens have decoupled. Their prices did not follow Bitcoin and Ether represented by the NWSBE. Their prices did not follow the total market represented by the NWST1100 index. On the table above we can see, that mid and small caps tokens (NWSM200, NWSS300, NWSTo100, NWSET100, NWSOT50) recorded significantly larger gains.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. This year the NWST1100 outperformed W1Dow twice by 60%. The first wave up was an extended Christmas rally then the pair suffered a collapse caused by the corona pandemic, and the crypto markets had fallen more than the equity markets and lost their advantage. Since  March 18th NWST1100 vs. W1Dow pair had rebounded and peaked seven weeks ago. This year, crypto investment represented by NWST1000 beat global equity by 46.9% while over the last 12 months NWST1100 was 20% lower. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 price and W1Dow price are above average, but the NWST1000 average is 31.44% lower than 12 months ago.

 

 

 

 

 


BrankoJune 15, 2020
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6min271



Over the past week, NWST1100 declined by 2.33%. During the first five days of the week, the index price was hovering in the upper Keltner band. Then a strong pullback happened in the last two days. This year crypto investment represented by NWST1000 has outperformed W1Dow (global equity) by 51%.  

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represents the top 1100 Digital Assets. The information-laden chart is difficult to read at first glance but the chart shows key price information, important decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed, that our assumption for the last week had been: a weak uptrend was more likely. The price of theNWST1100 index could test 900 points (+6%). A retreat to Pivot (800 points) is also possible. The NWST1100 chart shows that during the first five days of the week, bulls controlled the index, the index price was hovering in the upper Keltner band. In the last two days, the index experienced a pullback, so we saw a retreat to Pivot – 800 points. At the top we see momentum indicators: RSI, PPO histogram, and PPO, they continued falling.

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 40- (not yet bearish); the PPO histogram bars and the PPO may continue sloping down in the coming days. PPO line nearing the zero line, indicating that the underlying trend has not yet turned bearish. At the bottom of the chart, we see the Breadth indicators that could go down or remain flat.  Critical short term support levels are considered to be 770 and 740 points. The main question is: “Will the support level represented by the 143-day EMA (working days) hold or will it fall?” Since the beginning of May, it will be the third attempt to break through the support levels which usually succeeds.  If the price of the NWST1100 falls at both levels and remains in the 700s, we expect the index to fall to as low as 680 points. This set up is the basis for my opinion: Index is on the limit where the trend could turn downward. the continuation of the decline is more likely. If the supports hold, a quick rebound will follow.

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

The crypto markets peaked in the last week, the table shows that the total (NWST1100) index decreased by 2.33%.  Coins index NWSCo100 was the weakest.

Crypto (Digital Assets) compared with global equity

The chart below compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. This year the NWST1100 outperformed W1Dow twice by 60%. The first wave up was an extended Christmas rally. In January the pair then suffered a slump caused by the corona pandemic, and the crypto markets had fallen more than the equity markets and had lost their advantage. Since  March 18th NWST1100 vs. W1Dow pair had rebounded and peaked six weeks ago. This year, crypto investments, represented by NWST1000 outperformed global equity by 51%. The box in the middle of the chart shows the original NWST1100 price, at the bottom of the chart is W1Dow. The blue curve is the average index price over the last twelve months. We can see that the NWST1100 price is above the average, while the W1Dow price is below the average.

 

 

 

 

 



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