RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Crypto breadth
It seems to me that cryptos are in a pullback. The data for the % cryptos above their 50 and 200 day emas, though noisy, seems to be increasing. The Gold and Silver Cross Indices are affected by this noise but they are increasing.
The various McClellan based incidators seem to be strengthening as does the 1% A/D line. The A/D line itself and its volume counterpart however, do seem to have majorly diverged in that they are not making new highs where bitcoin was. Bitcoins price seems to have bounced off of support at its 50 day SMA. So this is loooking hopeful, though perhaps a little early to be more sure?
Addendum:
The McClellan Oscillators are strengthening, but the Summation indices are positive but falling. The non-volume version is very close to its zero line. The Silver Cross Index has dropped but it above 50%. So I was a little over optimistic in my interpretation. We will just have to keep watch.