RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Stirrings in crypto?
Bitcoin is below its falling 50 and 150 day SMAs, so still firmly stage 4. However, we have had a recent high above the range of the last few weeks [1] and a lot of te shorter term breadth indicators have risen, especially the % stocks above their 20 day SMA [11]. The various McClellan oscillators / indicies have risen [7-10]. 1% A/D is angled up [6]. This as resulted in very short, short [A, red and blue] and the medium term [B, green] overall scores rising.
Need to consider thant I found the data very bitty over the last week or so. However, something bay be happening. Question, is this a bottom or just a rally to an MA before a further drop?