- Biber Analytics Newsletter Crypto
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- Sleeping Bull
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Content:
- Moving Average Breadth
- ADL Trend
- Divergences
- New 52-Week Highs and Lows
- Trend Regime
Moving Average Breadth
The crypto index BATOP50 (Biber Analytics Top 50) has been in a downtrend since its last major high in March. The following chart shows the percentage of cryptocurrencies with rising 200-day, 50-day, and 10-day moving averages. The breadth worsened from March until June. After that, the index's underlying cryptocurrencies were in a clear downtrend.
The second (50-day) and third (10-day) panels have improved since September. Bitcoin and some more prominent altcoins can increase while the broad market weakens. However, a positive backdrop would help push the prominent coins to new all-time highs.
The red line in the third panel touched the lower threshold in the third panel. This usually happens when the market makes a low. This indicator must exceed the 92.50 threshold to signal a short-term bull market.
