RE: Entry ARB (ARGO Blockchain)
(2021-02-15, 12:32 AM)isatrader Wrote:(2021-02-15, 12:27 AM)pcabc Wrote: Sadly there is too little data to compile breadth data for the blockchain sector (I've captured stocks with 'Blockchain' in there title, so I will have missed a few). And sadly no UK ETF.
ARB is the only bitcoin miner listed in the UK, so gets some heavy volume (68 million last week, and 30 million average weekly volume). BLOK is the US etf of the bitcoin miners. But SI is the major stock at the moment in the US imo that a lot of people and institutions are focusing on, and I have a big 38% size position in that too, but in the swing trade account instead.
Here's the weekly group charts of the bitcoin miners that I post on twitter each week at the moment:
Thanks. I can include those in my blockchain list. Its a relatively small task to generate a breadth chart. However, with such a small pool new highs minus new lows etc might not be so helpful. However, it looking at the charts for what I have so far a lot of the charts are very noisy had have a lot of gaps. I tend to see that on very thinly traded stocks. Perhaps my provider is not so good with these or perhaps some other providers apply some sort of filtering to get better data. Normally it has little effect as I'd consider a stock with poor data not one I'd want to trade anyway. However, I have seen a stock that you have traded that I had very poor data for. As these stocks generally are very new the moving averages might not be valid reducing the quality of the output.
I'll look at producing a breadth chart and see how it looks.