2100NEWS WEEKLY CRYPTO REPORT

Written by on January 1, 2019

In the 2100News weekly crypto report, we analyze and gauge the entire crypto market with 2100NEWS DA (Digital Assets) Indexes, Factor Indexes, and Crypto Market Breadth Indicators. We use a combination of several methods and look for confluence and increase their odds. There are also ideas on trading psychology. Weekly crypto reports can also contain educational material and show how trading methods, analysis approaches or tools exactly work.

In the last Weekly Crypto Report, I said that bulls would come only with a strong push up that PPO headed to positive and RSI over 60 points. That did not happen, so in last week Christmas rally was over. We were observing pullback. That was exactly what was said in the 2100News Crypto Market Breadth Survey Short-term price action was consolidation, the trend was sideways. Technically, as you can see on the above chart and left PF chart 2100NEWS Digital Assets Total Index (NWST1100), inverse head and shoulders pattern was forming. Redline is an important support

Looking ahead to next week  On the chart above denoted with the arrow, you can see that PPO histogram value has decreased, RSI has been under 60, market breadth ADVL value has decreased. The whole market is at crucial levels now and sideways trend and the wave down will last for at least a couple of days. Hopefully, the red support line will hold, because otherwise, the breakthrough would mean a continuation of a bear trend. So nothing clear, but a very good indication would be if you see positive PPO and higher ADVL and Mc Clellan Summation Index. 

 

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

After extreme gain a week before, last week we saw pullback and consolidation on crypto markets. On the table below, you can see that two indexes with the highest volatility Coins (NWSCo100) and big-sized digital assets by market capitalization were the worst performing group last week but still the best performing group last two weeks. NWSCo100 and NWSL100 soared by 28.00% and by 23.34% in the consolidated Christmas rally. All Groups of tokens and coins are higher than they were before two weeks. Total (NWST1100) indexes dropped by 5% last week.

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. As you can see since November 13th crypto has lost the ground, it plunged by 51% vs. global equity. Last week crypto vs. W1Dow declined over 10%. 

Indexes Revision 12-28-2018

The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below there are additions and deletions from NWSL100 and NWSM200. As we can see on the tables that two groups changed their membership. ETERNAL TOKEN and DigixDAO have improved their rankings they were added to NWSL100 and deleted from NWSM200. GXChain and Power Ledger were deleted from NWSL100. They are new members of NWSM200. New mid-caps are REPO, Game.com, Bitcore… Other weekly additions and deletions this week for the other indexes from the family are available here.

Winner member

We select the new member in NWSL100 crypto index with the biggest jump in our ranking. We can see from the chart that since market crash in November ETERNAL TOKEN  (XET) has performed 60% better than average coin or token which is a member of NWSL100 index. 

ETERNAL TOKENETERNAL TOKEN (XET)

2100NEWS ranking: 74, Large cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

The Eternal Project is an undertaking for rapid spread of Eternal Wallet and Eternal Coin around the world, by utilizing the skills and infrastructures of global corporations and individuals. Eternal Token is developed with a bidirectional exchange between Eternal Coin. Both of them are issued with 200 million units. XET holder can trade with XEC or vice versa at a mirroring ratio of 1:1 by register an XEC wallet only


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