The Crypto Flow Index broke out of its trading range and the bulls continue to march forward, CFx up 13%. We are cautiously optimistic, exchange volumes are up but remain relatively tepid. While some participants have been surprised by the rally, the CFx MLRS indicator has been market buy since January 4, so we have enjoyed remarkable gains by the favorites. See the leaders and lager sections below.
CFx 90 Day
The Crypto Flow Index trend analysis is encouraging yet we remain cautious. CFx 2250.06 The CFx needs to push above 2400 before we could begin to call the beginning of a new bull trend. “Out of the channel, but not out of the woods.”
CFxMLRS Intel
The CFx Machine Learning Relative Strength (MLRS) indicator 1.0665 currently reads market buy. The current signal (1746.71) is 13 days old and returned 28.8%. Which is unimpressive when compared to this week's returns from the FOMO leaders. Only Machine Learning Relative Strength can reliably manage these markets simultaneously with confidence.
CFx Leaderboard
The weekly CFx leaders, DASH gained 100%, Ethereum Classic (ETC) advanced 89% and Zcash (ZEC) rose 79%. Meanwhile the CFx was up 13% as a group.
CFx Weekly Basement
The under performers this week, Ethereum gained 19%, XRP rose 13% and Bitcoin advanced 9%. Compared to the CFx, up 13% as a group.
CFx weekly results - CFx up 13%
DASH 100%, ETC 89%, ZEC 78%, BCH 37%, EOS 34%, XLM 28%, LTC 27%, IOTA 26%, ADA, 24%, QTUM 23%, TRX 22%, XMR 21%, NEO 21%, ETH 19%, XRP 13%, BTC 9%
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