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.