Branko, Author at Crypto Bloomberg

Over the past week, NWST1100 dropped by 9.49%. The index is stuck within a range where price 900 is the support and 1,000 is the resistance. The chart shows a downwards structure in the sideways trend where the price was searching for support levels.

*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: the sideways trend was more likely, the market could linger between 900 and 1,000 points. Looking at the chart NWST1100 above we can see, the price is stuck within a range where price 900 is the support and 1,000 is the resistance. The chart shows a downwards structure in the sideways trend where the price was searching for support levels before continuation is sustained. After two months PPO started sloping negatively. The Breadth indicators changed the slope.

Outlook for this week

Looking ahead, the indicators give us the following signals: at the top, we can see momentum indicators, RSI is 53 – neutral, PPO and PPO histogram bars could continue sloping negatively in the next few days. PPO histogram and RSI show us the most important thing – momentum rhythm. The Breadth indicators could slope down. This set up is the basis for my opinion: the sideways trend is more likely, the market could linger between 25-days EMA and 1,000 points. In the bearish scenario: NWST1100 could test the support near 830 points (-8%).

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

This year, NWSCo100 was undergoing some really massive bullish action and its price was making large price leaps. Looking at the table, you can see the coins measured by 2100NEWS DA Coin Index (NWSCo100) were the best performing digital assets in the last two months, but last week we experienced a strong pullback (-17.7%). By investing long in crypto you have most likely made money in the last three months. The total (NWST1100) index dropped by 9.49% in the past week.

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. In the second half of the last year, crypto has fallen over 50% vs. global equity, but this year crypto is an excellent investment. Last month NWST1100 vs. W1Dow rebounded. The pair experienced consolidation last week (-10%), average crypto vs. W1Dow has soared by 44% on the year.

Over the past week, NWST1100 surged by 9.05%. The index was surging and spending the week trading above 10-days EMA. Bulls had momentum on their side. 

*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: the target would be near 900 points, so (9%) move up to R1 was more likely. Looking at the chart NWST1100 above we can see, the index was surging last week and spending the week trading above 10-days EMA (purple curve).  Bulls had momentum on their side.

Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 83 – bullish and oversold, PPO histogram bars could change the slope to the downside in the next few days. At the top, we can see momentum indicators. PPO histogram and RSI show us the most important thing – momentum rhythm. The indicators on smaller time frames showed exhaustion of the upwards move. The Breadth indicators could continue rising. This set up is the basis for my opinion: the sideways trend is more likely, the market could linger between 10-days EMA and 900 points for a few days. In the bearish scenario: NWST1100 could test the support near 820 points (-10%).

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

This year, NWSCo100 was undergoing some really massive bullish action and its price was making large price leaps. Looking at the table, you can see the coins measured by 2100NEWS DA Coin Index (NWSCo100) were the best performing digital assets in the last month, in the last two months and in the last three months. By investing long in crypto you have most likely made money in the last three months. The total (NWST1100) index surged by 9.05% in the past week.

2100news Crypto Index Funds

However, in the table above we can see, Coin index was the best performer over the last month, so passively managed 2100NEWS Coins Index FUND which tracks the index. On the table below you can see how good performers are our Funds. Four are among the top seven!

Looking at the chart below we can see 2100NEWS Coins Index Fund (NWSCOT)

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.

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. In the second half of the last year, crypto has fallen over 50% vs. global equity, but this year crypto is an excellent investment. Last month NWST1100 vs. W1Dow rebounded, average crypto vs. W1Dow has soared by 44% on the year.

Over the past week, NWST1100 fell by 6.09%. The index was trending sideways last week and spending the week trading above 143-days EMA (red curve), which was flipped from resistance to support.

*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. 

Looking at the chart NWST1100  above we can see, the index was trending sideways last week and spending the week trading above 143-days EMA (red curve), which was flipped from resistance to support. At the top, we can see momentum indicators. PPO histogram bars tell us, buyers’ force was weak as the indicators on smaller time frames showed exhaustion of upwards move. 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 65 – bullish, PPO histogram bars could change the slope to the upside 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: a (10%) move up to upper Bollinger is more likely. In the bearish scenario:  NWST1100 could test the support near 700 points (-7%).

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

Looking at the table, you can see the coins measured by 2100NEWS DA Coin Index (NWSCo100) were the best performing digital assets in the last month, in the last two months and in the last three months. The total (NWST1100) index fell by 6.09% in the past week.

2100news Crypto Index Funds

However, in the table above we can see, Coin index was the best performer over the last month, so passively managed 2100NEWS Coins Index FUND which tracks the index. On the table below you can see how good performers are our Funds. Three are among top five!

Looking at the chart below we can see 2100NEWS Coins Index Fund (NWSCOT)

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.

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 increased by 22%.  In the second half of the last year, crypto has fallen over 50% vs. global equity.

Over the past week, the NWST1100 decreased by 0.50%. The index was trending sideways and lingered between 10-days and 25-days EMA. 

*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 the birth of a small Christmas rally. Looking at the chart NWST1100  above we can see, the index continued falling, last week it was trending sideways and lingered between 10-days and 25-days EMA. At the top, we can see momentum indicators. PPO histogram bars tell us, buyers’ force was weak. The Breadth indicator McClellan summation index has changed the slope.

Since this is the latest report of the year, we briefly evaluate crypto markets. In the first half of the year, Facebook’s Libra returned attention to the crypto markets, with Bitcoin experiencing the biggest growth. The progress of existing projects, especially those based on Ehtereum, did not convince investors, so the average price of their tokens ended the year at the same level as last year. In late October, NWST1100 was undergoing some really massive bullish action and Bitcoin price was making one of the largest price leaps in its 10-year lifespan. The energy for the breakthrough was running out and the downward trend has continued.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 46 – neutral, PPO histogram bars could continue sloping positively in the next few days. The Breadth indicators could rise. PPO histogram and RSI show us the most important thing – momentum rhythm. This set up is the basis for my opinion: the sideways trend is more likely, because of a lot of resistance (25-days EMA), the market could linger between 10-days and 25-days EMA for a few days. In the bearish scenario:  NWST1100 could test the support near 570 points (-9%).

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

Looking at the table, you can see confirmation, by investing long in crypto you have most likely not made money in the last three months. The total (NWST1100) index declined by 0.50% in the past week.

2100news Crypto Index Funds

However, in the table above we can see, Blue chip index was less bad performer over the last month. Looking at the chart below we can see that Crypto Blue chips (NWS30, NWSBCT)

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.

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 increased by 13% but in the second half of the year, crypto has fallen over 50% vs. global equity. Last week NWST1100 vs. W1Dow continued falling.