Weekly Recap 12/30/19

Crypto markets covered a range with the latter part of the week recovering, CFx -1%. 

Market conditions point to a consolidation period covering a range of 1700 to 1900.

Makers may look to test the lows and trigger another squeeze.  The CFx MLRS

indicator is currently signaling market buy so we will favor our long positions.

Notably, our Ethereum (ETH) short was covered at 133.24 and we are at the moment

long. If the consolidation period drags on with lower volumes we may look to begin

to accumulate assets rather than chase a trading gain.

CFx 90 Day

The CFx moved mostly sideways this week.  CFx 1755.25 Volumes continue to

compress as we move into a consolidation period.

CFxMLRS

The CFx Machine Learning Relative Strength (MLRS) indicator 1.01 currently reads

market buy.  

CFx Leaders

The weekly CFx leaders, Ethereum Classic (ETC) gained 11%, Bitcoin Cash (BCH)

advanced 8% and EOS rose 6%.  Meanwhile the CFx was down -1% as a group.

CFx Laggers

The under performers this week, Bitcoin (BTC) lost -2%, Stellar (XLM) slipped -2%

and Tron (TRX) gave up -13%.  Compared to the CFx that lost -1% as a group.

CFx weekly results - CFx up 2%

ETC 11%, BCH 8%, EOS 6%, LTC 3%, NEO 3%, ETH 2%, XRP 0%, XMR 0%, IOTA 0%,

DASH 0%, ADA -1%, QTUM -1%, ZEC -1%, BTC -2%, XLM -2%, TRX -8%

CFx On Balance Volume

CFx OBV looks to be putting in a base.  HODLers should continue to add their favorite

assets to their wallets.

Crypto Flow Index MLRS Profile

This week saw a market buy signal from the CFx MLRS.  As well as buy signals from the

Machine Learning Relative Strength indicators for Ethereum (ETH), Bitcoin Cash (BCH),

Litecoin (LTC), and Zcash (ZEC). 

Weekly recap 12/23/19

In volatile fashion crypto markets took traders for a ride.  Down as much as -12% this

week, but in the end the Crypto Flow Index (CFx) returned a 2% gain.  The bulls were

encouraged by yesterday's follow through although we are likely to see a range in the

short term of between 1700 and 1900.  Bitcoin is the market focus, but when supported

by bullish to sideways action specific assets have performed well. The CFx MLRS

indicator is currently signaling market buy as the bulls look to put in a bottom.  We

continue be opportunistic and allow both short and long positions to play out as the

cycle rolls on.

CFx 90 Day

The CFx briefly visited the 1600’s before a bullish recovery.  CFx 1831.93 Look for

short term consolidation as market participants look to reposition on both sides.

CFxMLRS

The CFx Machine Learning Relative Strength (MLRS) indicator 1.0067 currently reads

market buy.  

CFx Leaders

The weekly CFx leaders, Ethereum Classic (ETC) gained 10%, Tron (TRX) advanced

7% and Bitcoin (BTC) rose 6%.  Meanwhile the CFx was up 2% as a group.

CFx Laggers

The under performers this week, IOTA lost -12%, Zcash (ZEC) slipped -12% and

DASH gave up -13%.  Compared to the CFx that gained 2% as a group.

CFx weekly results - CFx up 2%

ETC 10%, TRX 7%, BTC 6%, NEO 0%, EOS -1%, LTC -4%, XMR -4%, QTUM -4%, BCH -5%,

ADA -6%, ETH -7%, XLM -7%, XRP -10%, IOTA -12%, ZEC -12%, DASH -13%

CFx On Balance Volume

CFx OBV may be bottoming out with the recent capitulation.  HODLers should be looking

to add some of their favorite assets to their wallets.

Crypto Flow Index MLRS Profile

This week saw a market buy signal from the CFx MLRS.  As well as buy signals from

the Machine Learning Relative Strength indicators for Ethereum Classic (ETC), Bitcoin

(BTC), EOS, Tron (TRX), NEO and QTUM. 

Weekly recap 12/16/19

The Crypto Flow index gave up recent gains and is back at the bottom of the range,

CFx down -5%. Market makers will look to set a range between 1700 and 1900. 

Only Zcash out performed the market significantly. The CFx MLRS indicator is currently

signaling market sell as the medium term down trend continues. We continue to press

our shorts while managing the possibility of a longer sideways consolidation.

CFx 90 Day

The bear market continues and we find ourselves at the bottom of the range. 

CFx 1759.39 Market makers will look to set a range going forward.

CFxMLRS

The CFx Machine Learning Relative Strength (MLRS) indicator .9867 currently reads

market sell.  

CFx Leaders

The weekly CFx leaders, Zcash (ZEC) gained 12%, QTUM advanced 1% and

NEO lost -1%.  Meanwhile the CFx gave up -5% as a group in relatively correlated

performance.

CFx Laggers

The under performers this week, EOS lost -6%, Stellar (XLM) slipped -9% and

IOTA also gave up -9%.  Compared to the CFx that lost -5% as a group.

CFx weekly results - CFx down -5%

ZEC 12%, QTUM 1%, NEO -1%, DASH -2%, ETC -2%, BCH -3%, BTC -5%, XRP -5%,

LTC -5%, TRX -5%, ETH -6%, EOS -6%, ADA -6%, XMR -6%, XLM -9%, IOTA -9%

CFx On Balance Volume

CFx OBV continues to move in the bearish direction.  Although the market is near 50% down

from the recent market high, HODLers should remain cautious until this measure turns.

Crypto Flow Index MLRS Profile

This week saw buy a market buy sell signal from the CFx MLRS.  As well as sell signals

from the Machine Learning Relative Strength indicators for Bitcoin (BTC), XRP, EOS,

Monero (XMR) and QTUM. 

Weekly recap 12/09/19

This week was mostly uneventful.  The market direction was sideways with some light

volatility, CFx up 1%.  Price performance for individual assets were highly correlated

throughout the week.  The latter half of the week resembled a recovery so the bulls are

encouraged.  The CFx MLRS indicator is currently signaling market buy with some

interest in specific assets.  This coming week we are likely to see more consolidation.

The market is in a medium term downtrend so be cautious of bearish news events.  

CFx 90 Day

The medium term downtrend remains in play as the market looks to consolidate at the

current levels, the Crypto Flow Index (CFx) is bounced between 1800 and 1900 this week.  

CFx 1870.04  

CFxMLRS

The CFx Machine Learning Relative Strength (MLRS) indicator 1.0046 currently reads

market buy as the bulls look to build momentum.  

CFx Leaders

The weekly CFx leaders, Zcash (ZEC) gained 5%, Monero (XMR) advanced 2% and XRP

added 2%.  Meanwhile the CFx rose 1% as a group in highly correlated performance.

CFx Laggers

The under performers this week, DASH lost -3%, Litecoin (LTC) slipped -4% and

Tron (TRX) gave up -8%.  Compared to the CFx that gained 1% as a group.

CFx weekly results - CFx up 1%

ZEC 5%, XRP 2%, XMR 2%, BTC 1%, IOTA 1%, ETH 0%, BCH -1%, EOS -1%, ETC -1%,

ADA -2%, QTUM -2%, XLM -3%, DASH -3%, NEO -3%, LTC -4%, TRX -8%

CFx On Balance Volume

CFx OBV seems to have found a bottom for now.  HODLers may look to pick at their preferred

crypto flavors.  While there is some medium term downside risk, at -46% from the most recent

highs, the long term risk is relatively low.

Crypto Flow Index MLRS Profile

This week saw buy a market buy signal from the CFx MLRS.  As well as buy signals
from the Machine Learning Relative Strength indicators for Zcash (ZEC),
Monero (XMR), Bitcoin (BTC), EOS and QTUM. 

Crypto Flow Intel Weekly recap 12/02/19

Last week was all about building a recovery from the recent sell-off, CFx up 7%. 

Although momentum stalled quickly and crypto markets looked to consolidate. Price

performance across assets were highly correlated throughout the week.  We remain

market short but managed a few long positions with the index leaders. The CFx MLRS

indicator flashed market buy for a few hours Saturday, but quickly retreated back into

sell territory.  This coming week we are likely to see consolidation so we will be cautious

about pressing in either direction.

CFx 90 Day

As the long term down trend continues, the Crypto Flow Index (CFx) got a bounce and is

looking to consolidate above the 1800 level.  

CFx 1817.22  

CFxMLRS

The CFx Machine Learning Relative Strength (MLRS) indicator .9912 briefly flashed buy

but returned to a market sell reading.  

CFx Leaders

The weekly CFx leaders, Tron (TRX) gained 16%, EOS advanced 15% and Cardano (ADA)

added 13%.  Meanwhile the CFx rose 7% as a group.

CFx Laggers

The under performers this week, XRP gained 2%, Zcash (ZEC) advanced 2% and IOTA

added 1%.  Meanwhile the CFx rose 7% as a group.

CFx weekly results - CFx up 7%

TRX 16%, EOS 15%, ADA 13%, XMR 13%, QTUM 11%, ETH 8%, LTC 8%, BTC 7%,

BCH 6%, ETC 6%, DASH 4%, XLM 3%, NEO 3%, XRP 2%, ZEC 2%, IOTA 1%

CFx On Balance Volume

CFx OBV continues to grind lower.  The bounce did not meaningfully advance this measure

so HODL’ers should remain cautious when putting new money to work.

Crypto Flow Index MLRS Profile

This week saw buy signals from the Machine Learning Relative Strength indicators for Tron

(TRX), EOS, QTUM, Monero (XMR), Bitcoin (BTC) and Cardano (ADA).  Although indicators

for Bitcoin (BTC), Monero (XMR) and Cardano (ADA) have returned to sell.