Crypto Flow Intel: 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.

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

market buy.

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.

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.

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

to add some of their favorite assets to their wallets.

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.