RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Crypto breadth
Basically nearly every indicator is negative, with New Highs - New lows, 3, having been negative for a while such that the cumulative plot of these parameters has also been below its 100 day MA, 4, for a while. Weinstein Momentum, 5, and 1% A/D, 6, have been negative for some weeks too. There are only two bullish signs, 1, the 150 day SMA for Bitcoin is still rising, 1, and the Silver Cross Index, 14, is also rising. Everything else is bearish. You could argue that some indicators are oversold, but looking at history some indicators can be oversold or overbought for long periods, so I'd not take, for example, the % stocks above their 50 day EMAs, being below 30% as being particularly bullish.