[pcabc]

Crypto market breadth

Using bitcoin as the index and a basket of cryptos I have created this breadth chart.  Main takeaways for me is that bitcoin is below a falling 150 day SMA [1], there is stengthening in the % cryptos above their 20 and 50 day EMAs [11, 12] and the Silver Cross Index [14] is definitely rising.  You could argue that cryptos were not invented when the 150 day (30 week) SMA was conceived for Stage Analysis - is it valid?  Good question. However, personally having seen my positions that I was buying on Stage Analysis lines but HODLing fall I'm inclined to await the 150 day MA to recover.