Cryptocurrencies Archives - 21000NEWS

BrankoNovember 18, 2019
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8min57



Over the past week, the NWST1100 support-area (10-days and 25-days EMA) did not hold but a bullish falling flag pattern was forming. NWST1100 declined by 2.65%. 

*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 that our assumption for the past week had been: it was a higher probability to attempt a significant move higher over resistance at 853 points. Before looking at the NWST1100 chart, let’s imagine two teams in a rope-pulling competition. One team pulls the rope with its hands, it must also move the legs to move further and become unstable at the moment of moving the legs, then the opportunity arises for a counterattack of the other team to pull back the first team. Then the events are repeated. Technical analysis graphically represents two teams: buyers and sellers. Looking at the chart above, at the top, we can see, momentum indicators are analogous to pulling a rope competition. They represent, which team has the initiative at a given moment when there will be a moment of instability that is suitable for a counterattack. PPO histogram bars tell us, buyers’ force started declining two weeks ago, so acceleration was beginning to decline. However, in the next step last week, PPO histogram bars crossed below the zero lines, deceleration began to increase, which meant the sellers’ force was increasing.  Support-area (10-days and 25-days EMA) did not hold. The Breadth indicator McClellan summation index has flattened out. As with the weather, only the near future of market movements can be well predicted. For such a forecast PPO histogram and RSI are needed because they show us the most important thing – momentum rhythm.

Looking ahead to the next week: since the beginning of October, a positive trend began to emerge. We can see a falling flag pattern in the chart (bullish pattern). The indicators give us the following signals: we can see that RSI is still neutral, showing a weak balance between demand and supply, PPO histogram bars could change the slope to positive in the next few days. It is likely to pick up stronger upside momentum. This set up is the basis, in my opinion, this would give a higher probability to attempt a significant move higher over resistance at 853 points. Alternatively, the market is so weak that it could linger around the pivot line (755 points) for a few more days in the worst case NWST1100 could test lower  Bollinger line for a while.

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

Looking at the table, you can see that the Total (NWST1100) index declined by 2.65% in the past week.

Digital Assets decoupling

If only the 30 largest capitalizations, which represent 90% of the crypto ecosystem are observing then the decoupling is not observed. The NWS30 acted in a similar fashion as Bitcoin (correlation is extremely strong). It is also not seen at a time of growth when the tide is rising and crypto markets are correlating with leading Bitcoin. In a period of stagnation or falling, however, digital assets decoupling occurs, where it is primarily associated with uncorrelated movement relative to Bitcoin. Looking at the chart below we can see that Ethereum Tokens (NWSET100, NWSET) in the last month was moving differently than Bitcoin. However, in the table above we can see, Ethereum Tokens are green over the last two weeks.

2100news Crypto Index Funds

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.

Special offer

During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.

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 soared over 47% but over the past five months, we were observing a pullback. A month ago NWST1100 vs. W1Dow rebounded, last week quotient has been ranging at the bottom half of the Bollinger Bands.

 

 

 

 

 


BrankoNovember 12, 2019
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10min119

In the past week, the NWST1100 index price has continued hovering near the upper Keltner Channels indicator’s line. The index did not establish any kind of sustained attempt to break above.  NWST1100 declined by 2.6%. VSYS V Systems coin is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.

*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 that our assumption for the past week had been: “a move to resistance at 858 points was likely”. On the NWST1100 chart, we can see, the index price has continued hovering near the upper Keltner Channels indicator’s line. NWST1100 did not establish any kind of sustained attempt to break above. The move lower was simply an inevitable stop run that occurred due to leveraged long positions being taken on by overly enthusiastic traders who were in FOMO on a higher index move. The Breadth indicator McClellan summation index has been rising. At the same time,  daily PPO lines have turned negative, PPO histogram bars crossed below the zero lines, the RSI was close to 50, which suggested a balance between demand and supply.

Looking ahead to the next week: since the beginning of October, a positive trend began to emerge within the larger negative. The indicators give us the following signals: we can see that RSI is 50, showing a balance between demand and supply, PPO histogram bars could change the slope to positive in the next few days. It is likely to pick up stronger upside momentum. The Breadth indicators are rising. This set up is the basis, in my opinion, this would give a higher probability to attempt a significant move higher over resistance at 853 points.

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

At the table, you can see that the Total (NWST1100) index declined by 2.6% over the past week. Leading digital assets were Coins represented by NWSCo100.

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 soared 51.7% but over the past 4 months, we were observing a pullback. Three weeks ago NWST1100 vs. W1Dow rebounded, last week quotient has been ranging at the top half of the Bollinger Bands.

Indexes Revision 11-8-2019

The Bi-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 NWS30, NWSL100, and NWSM200. As we can see on the tables Bytom, V systems, Cryptonex … have improved their rankings they were added to NWSL100 and deleted from NWSM200. MEXC Token, Tierion, Electroneum … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Houbi Pool Token, Enzo, Carry Protocol … Other additions and deletions this week for the other indexes from the family are available in each index presentation.

Winner member

We select the member in the NWSL100 crypto index with the biggest jump in our ranking. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peer comparison we gauged the V Systems (VSYS) coin with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the VSYS vs. NWSL100, in the middle of the chart is the original VSYS price, at the bottom of the chart are NWSL100 and correlation between VSYS and NWSL100. However, the correlation graph gives us an explanation, for 80% of the time, it was moving in the same direction as the NWSL100. Over the last four months, it had a strong correlation with NWSL100, so it was a typical representative of the NWSL100 index in terms of price changes. Since the mid of October VSYS has rebounded.

V Systems V Systems (VSYS) Website: https://www.v.systems  

VSYS as Large-cap Token is 49 in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSCo100


2100NEWS DA Orderbook Quality Evaluation Grade: Good: 14,3 (Average for Large caps: 11.3)


Over the past week, the average market cap was 131.5 million $, average daily volume was 3.5 million $.

V SYSTEMS describes itself as a blockchain infrastructure provider with a focus on database and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, each supernode is elected in a decentralized network according to Proof-of-Stake (PoS) principles. According to the team, it provides high-performance minting, transaction processing, and smart contract functions. VSYS is the native currency for the V SYSTEMS blockchain platform with use cases such as transactions, staking, and minting on the network. V SYSTEMS aims to deliver decentralized cloud database technology with high scalability, durability, and performance. With Sunny King as the lead architect, V SYSTEMS has already designed and implemented SPoS Consensus, which the team claims to be an efficient distributed consensus algorithm with a resistance to 51% attacks. The network plans to operate as a cloud platform based on modular systems that can support the efficient and agile development of a host of applications such as finance (DeFi), entertainment, and social network.


BrankoNovember 4, 2019
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6min210

Over the past week, the NWST1100 has been hovering near the upper Keltner Channels indicator’s line. The index has confronted key resistance-area and has struggled in clearing overhead resistance for the time being. NWST1100 surged by 5.89%. Last month crypto leadership was coming from Coins represented by index NWSCo100. 

*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 that our assumption for the past week had been: it was likely, a rally could continue to and over resistance at 850 points. On the NWST1100 chart, we can see, the index price has been hovering near the upper Keltner Channels indicator’s line. NWST1100 has confronted key resistance-area and has struggled in clearing overhead resistance for the time being.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 57, PPO is sloping up, the brown PPO histogram bars are decreasing. That would be a sign of weaker upside momentum. The Breadth indicators are rising. This set up is the basis, in my opinion a move to resistance at 858 points is likely for the next week, a bullish reversal could be confirmed.

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

Looking at the table, you can see that the Total (NWST1100) index surged by 5.89% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. We can see in the chart below, the NWS30 acted in a similar fashion as Bitcoin (correlation is extremely strong). If only the 30 largest capitalizations, which represent 90% of the crypto ecosystem are observing then the decoupling is not observed. It is also not seen at a time of growth when the tide is rising and crypto markets are correlating with leading Bitcoin. In a period of stagnation or falling, however, digital assets decoupling occurs, where it is primarily associated with uncorrelated movement relative to Bitcoin stand out Coins (NWSCo100), Large caps  (NWSL100), and Ethereum Tokens (NWSET100).

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 soared over 55% but over the past five months, we were observing a pullback. Two weeks ago NWST1100 vs. W1Dow rebounded, last week quotient has been ranging at the top half of the Bollinger Bands.

2100news Crypto Index Funds

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.

Special offer

During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.

 

 

 

 


BrankoOctober 29, 2019
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10min209

In the past week, after a fake breakdown, NWST1100 was undergoing some really massive bullish action, the index was making one of the largest price leaps in its lifespan indicating the early stages of a bullish reversal came to fruition. The NWST1100 soared by 6.86%. Synthetix Network Token (SNX) is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.

*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, our assumption was; “NWST1100 would be headed to the Pivot at 764 points, less likely it would be also possible step down to the lower Bollinger line”. On the NWST1100 chart, we can see, the index was bearing down on its Bollinger. After a fake breakdown NWST1100 was undergoing some really massive bullish action hitting local highs of nearly 825 early Saturday morning. Bitcoin price was making one of the largest price leaps in its 10-year lifespan. The Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume were rising. At the same time, its 14-day RSI lines (upper box) have risen to 60; and its daily PPO lines have turned more positive indicating the early stages of a bullish reversal came to fruition.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is bullish – over 60 (blue arrow), PPO is sloping positively, the brown PPO histogram bars are increasing. That would be a sign of stronger upside momentum. The Breadth indicators are rising. This set up is the basis, in my opinion for the next week is likely, a rally could continue to and over resistance at 850 points, a bullish reversal could be confirmed.

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

At the table, you can see that the Total (NWST1100) index surged by 6.86% over the past week. Leading digital assets were Ethereum and Bitcoin represented by NWSBE.

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 soared almost 50% but over the past 4 months, we were observing a pullback. A month ago NWST1100 plummeted vs. W1Dow again but last week we were observing a rebound.

Indexes Revision 10-25-2019

The Bi-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 NWS30, NWSL100, and NWSM200. As we can see on the tables Synthetix Network Token, TerraSDT, Bitforex Token … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Maximine Coin, Oasis City, Lambda … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are V Systems, Dimension Token, EDC Blockchain … Other additions and deletions this week for the other indexes from the family are available in each index presentation.

Winner member

We select the member in the NWSL100 crypto index with the biggest jump in our ranking. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peer comparison we gauged the Synthetix Network Token (SNX) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the SNX vs. NWSL100, in the middle of the chart is original SNX price, at the bottom of the chart are NWSL100 and correlation between SNX and NWSL100. However, the correlation graph gives us an explanation, for 60% of the time, it was moving in the opposite direction as the NWSL100. Over the last four months, it had a strong negative correlation with NWSL100 (r=-0,72), so it was not a typical representative of the NWSL100 index in terms of price changes. Since the beginning of July SNX has grown and beaten the NWSL100, it has soared by more than 300%.

Synthetix Network TokenSynthetix Network Token (SNX) Website: https://synthetix.io  

SNX as Large-cap Token is 74 in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWTo100, NWSET100, NWSDM100


2100NEWS DA Orderbook Quality Evaluation Grade: Excellent: 21, (Average for Large caps: 10.9)


Over the past week, the average market cap was 103.6 million $, average daily volume was 0.3 million $.

Synthetix is a decentralized synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Synthetix. Exchange without liquidity limitations. Previously, this project was launched as Havven (HAV), a decentralized stablecoin protocol. The published white paper still refers to the previous project, Havven.


BrankoOctober 21, 2019
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5min206

Over the past week, the NWST1100 was ranging at the bottom half of the Bollinger Bands. NWST1100 has continued to fend off support the lower Keltner Channels indicator’s line and bounced off that line, the index declined 2.6%.  Last month crypto leadership was coming from Ethereum tokens represented by index NWSET100. 

*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 that our assumption for the past week had been:  a sideways trend with a likelihood of a move up to resistance at 800 points was similar to a new bottom test (700 points). On the NWST1100 chart, we can see, that the index price has been ranging at the bottom half of the Bollinger Bands. NWST1100 has continued to fend off support the lower Keltner Channels indicator’s line and bounced off that line, the NWST1100 seems to have found a bottom for the time being.

Looking ahead to the next week, the indicators give us the following signals: we can see that the Relative Strength Index (RSI) is 40 and isn’t showing us much, the brown PPO histogram bars could stay positive, the result – PPO lines will continue sloping positively in the next few days.  That would be a sign of upside momentum. Breadth indicator McClellan summation index is flattening out. This set up is the basis, that in my opinion for the next week NWST1100 is headed to the Pivot at 764 points, less likely but it is also possible that we will see another step down to the lower Bollinger line.

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

Looking at the table, you can see that the Total (NWST1100) index declined +2.6% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. The two major indexes NWST1100 and NWSBE acted in a similar fashion. On the NWSET100 chart below we can see, since the end of October, the brown graph (NWSET100) has behaved differently than the area graph (NWSBE). Last month crypto leadership was coming from NWSET100 which represents Ethereum Tokens.  They have been the market’s strongest group.

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 soared over 41% but over the past four months, we were observing a pullback. A month ago NWST1100 plummeted vs. The double bottom was formed in October, a potential reversal may be likely, this week could be the turning point.

 

 

 

 

 

 


BrankoOctober 13, 2019
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10min241

In the past week, the NWST1100 index rose to its peak but has lost traction, so the index increased by 2.56%. We were observing the corrective phase of the second leg down which has retraced 38%.  Seele (SEELE) is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.

*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, our assumption was that a more likely course for the past week would be a move to the Pivot at 767 points. On the NWST1100 chart, we can see, that the index rose to its peak but has lost traction. We were observing the corrective phase of the second leg down which has retraced 38%. The Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume were rising.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 39, the brown PPO histogram bars (blue arrow) could change the slope to negative in the next few days.  That would be a sign of weaker upside momentum. The Breadth indicator McClellan summation index is rising. This set up is the basis, that in my opinion for the next week I am expecting a sideways trend. A likelihood of a move up to resistance at 800 points is similar to a new bottom test (700 points).

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

 

At the table, you can see that the Total (NWST1100) index increased by 2.56% over the past week. Leading groups of digital assets were Ethereum Tokens represented by NWET100 and Large-caps represented by NWSL100.

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 soared over 48% but over the past 4 months, we were observing a pullback. Three weeks ago NWST1100 plummeted vs. W1Dow again and last two weeks we were observing a consolidation.

Indexes Revision 10-11-2019

The Bi-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 NWS30, NWSL100, and NWSM200. As we can see on the tables Seele, Insight Chain, Swipe … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Gatechain, WAX, Atlas Protocol … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Centrality, GAPS, Veritaseum … Other 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. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peer comparison we gauged the Seele (SEELE) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the SEELE vs. NWSL100, in the middle of the chart is original SEELE price, at the bottom of the chart are NWSL100 and correlation between SEELE and NWSL100. However, the correlation graph gives us an explanation that for 80% of the time, it was moving in the opposite direction as the NWSL100. In the last four months, he has not been a typical representative of the NWSL100 index in terms of price changes. Since the beginning of July SEELE has grown and beaten the NWSL100, it has soared by more than 1000%.

SeeleSeele (SEELE) Website: https://seele.pro    

SEELE as Large-cap Token is 74 in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWTo100, NWSET100, NWSDM100


2100NEWS DA Orderbook Quality Evaluation Grade: Good: 14.2, (Average for Large caps: 10.6)


Over the past week, the average market cap was 40.9 million $, average daily volume was 17.1 million $.

Seele public chain is a high performance (2000+ TPS), multi-shard, decentralized and highly scalable blockchain network. Seele has developed the innovative MPoW consensus algorithm for ASIC resistance and security. Seele is fully EVM smart contract compatible. Seele proposes the heterogeneous forest network, a blockchain ecosystem comprised of subnets optimized for different use cases. Subnets can handle different service scenarios independently and can interact with each other through cross-chain and cross-domain protocols. This network is secure, efficient, and compatible with current blockchain ecosystems. It presents an overarching vision for the future Internet of Value. MPoW (Matrix-Proof-of-Work), an innovative PoW consensus algorithm developed by SeeleTech is implemented in Seele’s main-net. Compared to conventional PoW consensus algorithm, MPoW requires miners to compute the determinants of sub-matrices from a matrix constructed with n hashes other than brute-force-hashing using a hash function to find the target. It consists of several steps which can efficiently prevent ASIC from dominating the network.


BrankoOctober 7, 2019
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6min528

Over the past week, the NWST1100 was hovering near the lower Keltner Channels line, the index was practically unchanged +0.36%. The inability to clear 10-days EMA kept the index in a sideways trading range and left open the possibility of further falling. Last month crypto leadership was coming from Ether, Large-caps, and Coins. 

*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 that our assumption had been: PPO histogram bars (blue arrow) could have changed the slope to positive, which would have been a sign of weaker downside momentum. The likelihood of a rebound to 10-days EMA was similar to the short culmination of a negative trend. On the NWST1100 chart, we can see, that the index was hovering near the lower Keltner Channels line. At the same time, its 14-day RSI was oversold, the brown PPO histogram bars have increased and the PPO lines (upper box) have flattened out. The inability to clear 10-days EMA kept the index in a sideways trading range and left open the possibility of further falling.

Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 25 and oversold, the brown PPO histogram bars could cross 0 in the next few days.  That would be a sign of upside momentum. If PPO bars advance to 0 and stall it could be a failure at resistance and decline, the index will be headed to further falling. Breadth indicator McClellan summation index is flattening out. This set up is the basis, that in my opinion for the next week a more likely course is a move to the Pivot at 767 points but it is also possible that we will see another step down to the lower Bollinger line. This leaves open the possibility of retest the support near 630 points.

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

Looking at the table, you can see that the Total (NWST1100) index was practically unchanged +0.36% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. The two major indexes NWST1100 and NWSBE acted in a similar fashion. On the Bitcoin chart below we can see a similar setup as on the chart of NWST1100. As we can see in the chart below, since mid-July, the green histogram graph  (Ether) has behaved differently than the area graph (NWSBE). Last month crypto leadership was coming from Ether and Coins.  Large-caps (AltCoins) have been of the market’s strongest groups.

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 soared over 44% but over the past four months, we were observing a pullback. Two weeks ago NWST1100 plummeted vs. W1Dow again and last week we were observing a consolidation.

 

 

 

 


BrankoOctober 1, 2019
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9min400

In the past week, NWST1100 index succumbed to bearish pressure, support did not hold, so index plummeted by 20%. Dynamic Trading Rights (DTR) is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent 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, our assumption was that a more likely course for the past week would be a move to the lower Bollinger and retest the support near 800 points. On the NWST1100 chart, we can see, that index succumbed to bearish pressure, support did not hold, so index plummeted by 20%. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume were declining.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 16 and oversold, the brown PPO histogram bars (blue arrow) could change the slope to positive in the next few days.  That would be a sign of weaker downside momentum. Breadth indicator McClellan summation index is declining. This set up is the basis, that in my opinion for the next week likelihood of a rebound to 10-days EMA is similar to the short culmination of a negative trend with a rapid decline and also a quick rebound of support 1.

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

At the table, you can see that Total (NWST1100) index plummeted by 19.30% in the past 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. This year average crypto vs. W1Dow soared over 44% but over the past 15 weeks, we were observing a pullback. Last week NWST1100 plummeted vs. W1Dow.

Indexes Revision 9-27-2019

The Bi-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 ABBC coin, Silverway, Dynamic Trading Rights … have improved their rankings they were added to NWSL100 and deleted from NWSM200. IPCChain, Aeternity, Ziliga … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are MineBee, DxChain, Clipper Coin … Other 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. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peers comparison we gauged the Dynamic Trading Rights (DTR) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the DTR vs. NWSL100, in the middle of the chart is original DTR price, at the bottom of the chart are NWSL100 and correlation between DTR and NWSL100. However, the correlation graph gives us an explanation that for 40% of the time, it was moving in the opposite direction as the NWSL100. In the last four months, he has not been a typical representative of the NWSL100 index in terms of price changes. Since the beginning of August DTR has grown and beaten the NWSL100, it has soared by more than 240%.

Dynamic Trading RightsDynamic Trading Rights (DTR) Website: https://www.tokens.net/    

DTR as Large-cap Token is 73 in 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWTo100, NWSET100


2100NEWS DA Orderbook Quality Evaluation Grade: Good: 14.9, (Average for Large caps: 10.2)


Over the past week, the average market cap was 54.3 million $, average daily volume was 0.14 million $.

Dynamic Trading Rights is an innovative digital currency platform featuring security, reliability and transparent transactions. Dynamic Trading Rights serves as a marketplace to exchange ERC20 tokens and other cryptocurrencies that are predicted to grow in the future.


BrankoSeptember 23, 2019
Hightlights-1.jpg

5min599

Over the past week, NWST1100 increased by 1.79%. The Total index rose to its peak but has lost traction. Last two weeks crypto leadership was coming from Ether, Large-caps, and Coins. The market capitalization of a whole crypto ecosystem has not grown, Bitcoin was being sold to buy ALT coins.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent 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 that our assumption has been: more likely course would be a move to break upper trendline. On the NWST1100 chart we can see, that index rose to its peak but has lost traction at or above that price point. It was trading at its 10-days and 25-days EMA but it did not clear some upside resistance barriers. At the same time, its 14-day RSI lines, the brown PPO histogram bars, and the PPO lines (upper box) have changed the slope. That was a sign that upside momentum succumbed to bearish pressure. We need to be aware that in the last month the market capitalization of a whole crypto ecosystem has not grown, Bitcoin was being sold to buy ALT coins. On the table below we can see that Large caps represented by index NWSL100 and coins represented by NWSCo100 have reported the biggest gains in the last two weeks.

Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 42 and declining, the brown PPO histogram bars could turn more negative in the next few days.  That would be a sign of stronger downside momentum. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume are raising. This set up is the basis for our assumption, that for the next week is a more likely course a move to the lower Bollinger. This leaves open the possibility of retest the support near 800 points.

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

 

Looking at the table, you can see that Total (NWST1100) index increased by 1.79% in the past week.

Digital Assets decoupling

The breakdown of the market into groups represented by 2100NEWS DA indexes enables us to measure decoupling much more accurately than can do others who do not have the tools in the form of a full range of indexes. Last two weeks crypto leadership was coming from Ether, Large-caps, and Coins. On the Ether chart below we can see a different setup as on the chart of NWST1100 (the PPO lines are above 0). Large-caps (AltCoins) have been one of the market’s strongest group.

 

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. This year average crypto vs. W1Dow soared over 75% but over the past 15 weeks, we were observing a consolidation. Last 11 weeks NWST1100 reported 29.4% loss vs. W1Dow.

 

 

 


BrankoSeptember 16, 2019
1127137065497879.dzaQJrTJXnDBWrgugxJK_height640.png

10min874

In the past week, NWST1100 index rose to its 25-days EMA but it did not clear some upside resistance barriers. Total NWST1100 index increased by 0.08%. ReddCoin (RDD)  is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent 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, our assumption was that a more likely course for the past week would be a move to the upper trendline. On the NWST1100 chart, we can see, that index rose to its 25-days EMA but it did not clear some upside resistance barriers. At the same time, its 14-day RSI lines (upper box) have risen to 50 again; and its daily PPO lines have turned more positive. McClellan summation index (blue arrow in the lower box) has confirmed a buy signal.

Looking ahead to the next week: Bitcoin dominance is in danger of dropping out of a multi-month formation. While most crypto investors expect “more pain” to come for altcoins, oftentimes when sentiment is these poor and lows have been swept, the time to buy is finally here. We need to be aware that the weight of Bitcoin represents about 70% of the index value. Since the shy start of the ALT season has been showing for two weeks, it means that Bitcoin is being sold to buy ALT coins. The ALT season can be a brake on NWST1100 growth, but we expect the positive atmosphere in the remaining index members to move the index higher. The indicators give us the following signals: we can see that RSI is 50, the brown PPO histogram bars could turn more positive in the next few days.  As a consequence, the PPO lines are close to crossing above 0. That would be a sign of stronger upside momentum. Breadth indicator McClellan summation index could turn more positive. This set up is the basis, that for the next week is a more likely course a move to break upper trendline. This leaves open the possibility of a retest of  R1 (960 points).

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

At the table, you can see that Total (NWST1100) index increased by 0.08% in the past 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. This year average crypto vs. W1Dow soared over 70% but over the past 14 weeks, we were observing a consolidation. Last 10 weeks NWST1100 reported 30.8% loss vs. W1Dow.

Indexes Revision 9-13-2019

The Bi-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 Metaverse ETP, Kyber Network, ReddCoin … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Egretia, Populous, QuarkChain … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are greenPower, Litecoin Cash, BHEX Token … Other 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. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peers comparison we gauged the ReddCoin (RDD)  token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original RDD price, in the middle of the chart is RDD vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between RDD and NWSL100. However, the correlation graph gives us an explanation that for 50% of the time, it was moving in the opposite direction as the NWSL100. In the last four months, he has not been a typical representative of the NWSL100 index in terms of price changes. Since the beginning of August RDD has grown and beaten the NWSL100, it has surged by more than 40%.

ReddCoinReddCoin (RDD) Website: https://www.reddcoin.com/     

RDD as Large-cap Coin is 75 in 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWCo100


2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.9, (Average for Large caps: 9.8)


Over the past week, the average market cap was 38.9 million $, average daily volume was 0.25 million $.

Launched in 2014 as a fork of Litecoin, Reddcoin is a decentralized cryptocurrency used to tip or send payments for social content. The Reddcoin API supports social platforms such as Reddit, Twitter, and Twitch. Accounts created on the Reddcoin wallet can be linked to Twitter, Twitch, and Reddit accounts. Upon downloading the ReddID browser extension, users can “like” content by entering the username and sending a micropayment. RDD is mined by the ReddID wallet through Proof-of-Stake-Velocity (PoSV), which incentivizes both ownership (stake) and activity (velocity).

 

 



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