2100NEWS WEEKLY CRYPTO REPORT

Written by on February 18, 2019

2100NEWS DA (Digital Assets) Factor Indexes and Crypto Market Breadth Indicators serve for general analysis of market direction…acumen knowing when to “hold ’em when to fold up, when to walk away and when to run. Timing is Everything. In the 2100News weekly crypto report, we analyze and gauge the entire crypto market to understand why the crypto universe is as it is in order to understand where we go. 

In the last week, markets kept on moving sideways. Looking at the chart 2100NEWS Digital Assets Total Index (NWST1100), we can see that NWST1100 was struggling to rally above the 25 working days EMA (in pink).  On the PPO, we can see that it was approaching the zero line, the wave of  PPO histogram was positive. Momentum is slowing down. RSI was over 55 which is neutral near the bullish border (60). 

Looking ahead to next week. PPO indicator and Breadth indicators – ADVL and McClellan summation index are rising. We expect a short term bullish trend. Since the PPO wave shows swing up that means that the market will be optimistic for the next few days. So based on that is also a possible bullish breakout which would lead to the formation and confirmation of a bullish trend.  The RSI (more than 60) will confirm the bullish trend

 

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

On the table below, you can see that Tokens based on Ethereum represented by 2100NEWS DA Ethereum Tokens Index (NWSET100), has been the best performing index in February. It rose by more than 11%. At the same time the Total market (NWST1100), Bitcoin, and Ether (NWSBE) rose about 5%. Total (NWST1100) index increased by 0.83% 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 vs. global equity. This year crypto vs. W1Dow lost almost 14%. 

 

 

Indexes Revision 2-15-2019

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 DA changed their membership. Quant has improved its rankings it was added to NWSL100 and deleted from NWSM200. MobileGo was deleted from NWSL100. It is a new member of NWSM200. New mid-caps are INO COIN, TokenCard, HedgeTrade … Other weekly additions and deletions this week for the other indexes from the family are available here.

Winner member

We select the member in the NWSL100 crypto index with the biggest jump in our ranking. We can see from the chart that Quant (QNT) has performed better than average coin or token which is a member of NWSL100 index, this year its price performance is over 120% better than NWSL100.

Quant Quant (QNT)

2100NEWS ranking: 77, Large-cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
The Announcement of Cooperation.

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