Looking at the chart it might be [1]. The question is, does it drop below the support line or does it bounce off it? The New Highs minus New Lows is not positive, but everything else is. The Gold Cross index [15] as moved above its MA, but you would really need to zoom in on a higher definition version of the chart to see that as well.
You can't really get more bearish bradth than this. However, a lot of the price data feeds seem to be lagging a few days, so you want really trust breadth readings for the last 2 - 3 days, E.g. the spikes in % stocks above their EMAs [[1 - 13] for example.
Using bitcoin as the index and a basket of cryptos I have created this breadth chart.Main takeaways for me is that bitcoin is below a falling 150 day SMA [1], there is stengthening in the % cryptos above their 20 and 50 day EMAs [11, 12] and the Silver Cross Index [14] is definitely rising. You could argue that cryptos were not invented when the 150 day (30 week) SMA was conceived for Stage Analysis - is it valid? Good question. However, personally having seen my positions that I was buying on Stage Analysis lines but HODLing fall I'm inclined to await the 150 day MA to recover.
