Crypto Market Breadth
2100 News provides detailed breadth data for the Crypto Market (2100NEWS DA Indexes, 2100NEWS DA Factor Indexes, 2100NEWS DA Theme Indexes). Breadth indicators are powerful technical analysis tools that gauge the direction of the market and help determine if it’s bullish, bearish or neutral. They offer a different perspective on the markets that can’t be seen through other indicators by analyzing the degree of participation in an advance or a decline to see whether or not an uptrend or downtrend is broad-based and therefore likely to continue. We can create indicators using advances, declines, advancing volume, declining volume.
There are also indicators net advancing volume (advancing volume less declining volume). These indicators can be used to create the AD Line, the AD Volume Line, the Mc Clellan Oscillator and the Mc Clellan Summation Index.
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 50-day moving average is used for the short-medium term timeframe. The percent of DA above their 50-days EMA is best suited for overbought and oversold levels.
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Crypto Intermarket analysis
The 2100NEWS DA Factor Indexes were developed to show that different groups of Digital Assets behave differently in certain market conditions. Crypto Intermarket analysis is a branch of technical analysis that examines the correlations between four major factors: Coins, Tokens, Ehtereum based, and not Ethereum based Tokens. Chartists can use these relationships to identify the stage of the business cycle and improve their forecasting abilities. There are clear relationships between coins and tokens. Knowing these relationships can help chartists determine the stage of the investing cycle. An excellent indicator that gauges the direction change to bullish is Coins to Tokens ratio. On the chart below, we can see 2100NEWS DA Coin Index (NWSCo100) and 2100NEWS DA Ethereum Tokens Index (NWSET100). The graph shows that the pattern of Coins and Tokens movement marked with a blue vertical line predicts the start of a rally.
Breadth data for Crypto Market is calculated in-house at 2100 News using a three-step process. First, 2100 News maintains component lists of all digital assets traded on exchanges. Second, our scan-engine uses these component lists to run scans based on the price data for the individual digital asset. Third, the data is updated and published on our website.
Data from 2100 News may differ from other sources due to differences in the index components and price data. Index components change and require updates on a regular basis.