[isatrader]

Hello guys,

Maybe the question is done, but i didn't find it.

In the Weinstein's book, we can read in volatile markets we should have a MA 10, and is better daily charts.
So my question is, is possible to check the crypto market whit method of stage analysis? Markets are markets right?
And about sectors and cryptos, do you know how can i put a sector (if exists) in Trading View to my relative strengh indicator? Make any sense have S&P500?  

Thanks

Welcome to the site Mashed,

Yes, Stage Analysis can be used on any market, but you will be missing some of the key elements that we look at with stocks, if it doesn't have volume data, or sectors for example.

The 10 week MA becomes more important in volatile markets, but the overall weekly Stage using the 30 week MA is still where you should start. So if the market that you are looking at is in Stage 4, then the methods rules would stop you from buying except in exceptional circumstances.

For Relative Strength the S&P 500 is the baseline. As you want something consistent to compare against, so that no matter what you look at, you can if it's outperforming or underperforming the broad market. But it's valid to compare against other markets or sector too.