The CFx grinds lower as the index seeks support in the 2100 level, CFx down -6%. Continued
weakness in Bitcoin (BTC) prices makes it difficult for any crypto to have a meaningful run.
NEO and Cardano (ADA) were the only assets in the index that reported positive gains this week.
All other assets in the index were otherwise highly correlated, so individual asset performance
throughout the week was similar.
weakness in Bitcoin (BTC) prices makes it difficult for any crypto to have a meaningful run.
NEO and Cardano (ADA) were the only assets in the index that reported positive gains this week.
All other assets in the index were otherwise highly correlated, so individual asset performance
throughout the week was similar.
The Crypto Flow Index (CFx) broke through the 2200 support and grinds lower. A few assets did
well over the short term when supported by overall market direction.
well over the short term when supported by overall market direction.
The CFx Machine Learning Relative Strength (MLRS) indicator .9846 has been in market sell
territory for 10 days now, since 11/08. We continue to press shorts with most assets in the CFx.
territory for 10 days now, since 11/08. We continue to press shorts with most assets in the CFx.
For the week, NEO was up 9%, Cardano (ADA) rose 2% and Monero (XMR) was flat 0%.
Meanwhile the CFx was down -6% as a group.
Meanwhile the CFx was down -6% as a group.
CFx weekly results - CFx down -6%
NEO 9%, ADA 2%, XMR 0%, QTUM -2%, ETH -3%, TRX -3%, IOTA -4%, EOS -5%,
DASH -5%, ZEC -5%, BTC -6%, XRP -6%, LTC -7%, BCH -9%, XLM -9%, ETC -9%
CFx On Balance Volume continues to grind lower.
This week saw sell signals from the Machine Learning Relative Strength indicators for
Ethereum (ETH), EOS, Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), Monero (XMR) and
Ethereum Classic (ETC). We remain cautious but capitalizing on our
opportunities both short and long.
Ethereum (ETH), EOS, Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), Monero (XMR) and
Ethereum Classic (ETC). We remain cautious but capitalizing on our
opportunities both short and long.
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