RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Crypto
It was interesting that after the lows of about eight weeks ago we saw a strengthening, that has recently weakened again. However, is there a small sign of strength? We are still under a falling 150 day SMA, but the 50 day SMA is flat [1]. At present the low is higher than the previous one.
The Silver Cross Index [14] had dropped down in the last couple of weeks after showing strength [14]. However, it has just moved up a little, and is above, just, its MA. However, is this real of just a glitch, as my data is not entirely glitch free. My very short [A, red] , short [A blue] and medium term [B, green] aggregate breadth scores are all on the rise.
I'm optimistic at present that this may be a bottom, but note that I could easily be wrong.