The Crypto Flow Index saw profit taking early in the week, then continued in a bearish direction to wrap it up. CFx down -6%. Overall exchange volumes remain low and have decreased since the rally. While the market appears to be consolidating, be cautious. CFx on balance volume has reached new lows. The CFx MLRS indicator now market sell since Friday, 1/24.
CFx 90 Day Trend
The Crypto Flow Index trend analysis seems to favor a volatile consolidation. CFx 2083.57 The CFx has failed thus far to push into the 2400 range. Look for more consolidation in the coming week. Medium term downside risk remains relatively low at this point in the cycle.
CFxMLRS Intel
The CFx Machine Learning Relative Strength (MLRS) indicator 0.9871 currently reads market sell. The current signal (2078.31) is 1 day old. The previous signal yielded 18.79%. Machine Learning Relative Strength has reliably managed these markets simultaneously with confidence.
CFx Leaderboard
The weekly CFx leaders, Cardano (ADA) flat 0%, IOTA flat 0% and Ethereum (ETH) down -4%. Meanwhile the CFx was down -6% as a group.
CFx Weekly Basement
The under performers this week, NEO down -11%, Bitcoin Cash (BCH) lost -13% and Zcash (ZEC) gave up -19%. Compared to the CFx, down -6% as a group.
CFx weekly results - CFx down -6%
ADA 0%, IOTA -0%, ETH -4%, BTC -5%, XLM -6%, XRP -7%, EOS -7%, TRX -7%, XMR -10%, ETC, -10%, QTUM -10%, LTC -11%, DASH -11%, NEO -11%, BCH -13%, ZEC -19%
Crypto Flow Index MLRS Profile
This week saw a market sell signal from the CFx MLRS. We also managed sell signals from Bitcoin (BTC), XRP, Bitcoin Cash (BCH), EOS, Litecoin (LTC), Tron (TRX), Zcash (ZEC), Monero (XMR), NEO and QTUM.
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