Crypto Flow Intel: 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

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

but returned to a market sell reading.

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

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

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

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

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 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.

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.