2100NEWS WEEKLY CRYPTO REPORT Dec-11

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The NWST1100 index has fallen by 1.25% over the previous week, and the price was stuck in a narrow range. Bitcoin has been the best-performing during the last thirty days.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on the Theory Swingtum of intelligent finance. We gauge the crypto market’s breadth and direction by showing charts 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) significant crypto assets’ performance. The information-laden chart is difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed last week’s assumption. “A test of resistance at Pivot P was likely.” The NWST1100 chart shows the index price was stuck in a narrow range between 10-Day EMA and 25-Day EMA. Momentum indicators at the top show RSI and the PPO histogram (flattened out); PPO lines and the Breadth indicators (at the bottom of the chart) continued rising.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: All four A50R lines are oversold, but they have 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. The chart on the right side 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)

Outlook for this week

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth that has risen over the last week. If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 50; PPO lines and the Breadth indicators at the bottom of the first charts (NWST1100) may continue rising.  The index price is narrowly between 10-Day EMA and 25-Day EMA. Considering the expected Christmas rally, a possible bullish PPO line upward centreline crossover is marked with a green arrow, which indicates increasing positive price momentum. However, resistance at Pivot P, the US FED policy rate hike on Wednesday, and the post-meeting news conference are substantial obstacles. Based on this setup, a sideways trend is likely till Wednesday, then a breakout from the pink range is possible.

 

 

 

 

 

 

 

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

The table shows that the total (NWST1100) index has fallen by 1.25% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Bitcoin has been the best-performing during the previous thirty days (-3.27%).

 

 

Crypto (Digital Assets) compared with global equity

The chart compares the performance of the average Digital Asset (Coins, Tokens) represented by our NWST1100  index with the average global share represented by the Dow Jones Global W1Dow index. Their quotient hit a record high 13 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 63.2% over the last 12 months, while this year, NWST1100 was 62.5% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 45.4% lower than twelve months index’s average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment is recording a 45.4% loss today. Global equity (W1Dow) spot price is 5.4% lower than twelve months index’s average price.

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

 

 


About us

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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