Crypto markets saw a repricing last week as Bitcoin fails to follow through after the massive
short squeeze from two weeks ago.
The Crypto Flow Index (CFX) found support at the 2200 level and some cryptos have done
quite well when supported by overall market direction.
The CFx Machine Learning Relative Strength (MLRS) indicator .9919 is in market sell
territory but recovering. We are certainly cautious with some assets.
CFx weekly results - CFx flat 0%
XLM 15%, EOS 10%, LTC 9%, ADA 5%, ETH 4%, ETC 3%, QTUM 3%, ZEC 1%,
BCH 0%, DASH 0%, NEO 0%, IOTA -1%, BTC -2%, XMR -2%, TRX -2%, XRP -4%
For the week, Stellar (XLM) was up 15%, EOS rose 10% and Litecoin (LTC) gained 9%.
Meanwhile the CFx was flat 0% as a group.
CFx On Balance Volume continues to drift in the bearish direction.
This week we saw sell signals in Tron (TRX), Bitcoin (BTC), XRP and DASH.
There may be opportunities both short and long for disciplined traders who mind the trend.
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