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+--- Thread: Crypto Currencies - Bitcoin, Ethereum, Ripple, Litecoin, Cardano & more (/Thread-Crypto-Currencies-Bitcoin-Ethereum-Ripple-Litecoin-Cardano-more)
Bitcoin - Stage 3 - isatrader - 2021-05-23
Bitcoin has moved into early Stage 3 on the weekly chart this week with a sharp change of behaviour. On the shorter term daily chart it entered a daily Stage 4A decline which I highlighted on the twitter feed during the week, after it failed to bounce / hold support at the bottom of the range.
Ethereum - Stage 3 - isatrader - 2021-05-23
Ethereum with a change of behaviour this week along with the majority of crypto currencies.
Moving into early Stage 3 on the weekly chart.
RE: Ethereum - Stage 3 - pcabc - 2021-05-23
(2021-05-23, 03:32 PM)isatrader Wrote: Ethereum with a change of behaviour this week along with the majority of crypto currencies.
Moving into early Stage 3 on the weekly chart.
Looking at my breadth chart:
https://www.stageanalysis.net/forum/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis?pid=17741#pid17741
The most noticable thing is the drop in % of crypto-currencies below their 50 day EMAs, it has dropped below 30.
RE: Ethereum - Stage 3 - isatrader - 2021-05-23
(2021-05-23, 04:25 PM)pcabc Wrote: Looking at my breadth chart:
https://www.stageanalysis.net/forum/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis?pid=17741#pid17741
The most noticable thing is the drop in % of crypto-currencies below their 50 day EMAs, it has dropped below 30.
Percentage of Crypto Currencies above their key MAs
% above 20 day MA: 3.36%
% above 50 day MA: 7.38%
% above 150 day MA: 44.12%
% above 200 day MA: 73.28%
RE: Ethereum - Stage 3 - pcabc - 2021-05-23
(2021-05-23, 04:30 PM)isatrader Wrote:(2021-05-23, 04:25 PM)pcabc Wrote: Looking at my breadth chart:
https://www.stageanalysis.net/forum/Thread-Stan-Weinstein-s-Stage-Analysis-and-Market-Breadth-Technical-Analysis?pid=17741#pid17741
The most noticable thing is the drop in % of crypto-currencies below their 50 day EMAs, it has dropped below 30.
Percentage of Crypto Currencies above their key MAs
% above 20 day MA: 3.36%
% above 50 day MA: 7.38%
% above 150 day MA: 44.12%
% above 200 day MA: 73.28%
My numbers are more optamistic than yours, but then we are likely using a differnt pool of cryptos in the calculations.
RE: Ethereum - Stage 3 - isatrader - 2021-05-23
(2021-05-23, 04:57 PM)pcabc Wrote: My numbers are more optamistic than yours, but then we are likely using a differnt pool of cryptos in the calculations.
I use the 149 listed on stockcharts for my pool. See attached.
RE: Ethereum - Stage 3 - pcabc - 2021-05-25
(2021-05-23, 05:14 PM)isatrader Wrote:(2021-05-23, 04:57 PM)pcabc Wrote: My numbers are more optamistic than yours, but then we are likely using a differnt pool of cryptos in the calculations.
I use the 149 listed on stockcharts for my pool. See attached.
I'll have to look so see if there are differenced based on calculations using that list. However, I think the issue is resolved, I suspect it was a timing issue with my data a day behind yours (I calculate my breadth overnight), as the percentages of stocks above the 50 day and 200 day EMA has dropped drastically:
RE: Ethereum - Stage 3 - pcabc - 2021-05-25
(2021-05-23, 05:14 PM)isatrader Wrote:(2021-05-23, 04:57 PM)pcabc Wrote: My numbers are more optamistic than yours, but then we are likely using a differnt pool of cryptos in the calculations.
I use the 149 listed on stockcharts for my pool. See attached.
It looks like I cannot 100% replicate that list as I don't have data for all. However, past experience shows that a few missing stocks don't affect the output breadth data significantly. I'm just downloading any data for which I have gaps.