The Crypto Flow Index continued to cover a range last week, CFx flat 0%. We tested
the lows and again found support around 1700. Volumes remain low so expect
consolidation in the range of 1700 to 1900. The CFx MLRS indicator is currently
signaling market buy along with all other assets that compose the index. If the
consolidation period drags on with lower volumes, we will continue to
accumulate assets.
CFx 90 Day
The CFx continues to move mostly sideways. CFx 1863.17 Now 45 days in a
range. Volumes remain low so expect consolidation to continue until we breakout
above 1900 to the 2000’s. We see this as normal market cycling in the historical
crypto bull trend.
CFxMLRS
The CFx Machine Learning Relative Strength (MLRS) indicator 1.0192 currently reads
market buy.
CFx Leaders
The weekly CFx leaders, Monero (XMR) gained 19%, DASH advanced 15% and Zcash
(ZEC) rose 6%. Meanwhile the CFx was flat 0% as a group.
CFx Laggers
The under performers this week, Tron (TRX) lost -1%, NEO slipped -2% and QTUM
gave up -2%. Compared to the CFx, flat 0% as a group.
CFx weekly results - CFx flat 0%
XMR 19%, DASH 15%, ZEC 6%, BCH 5%, ETC 5%, IOTA 2%, ETH 1%, LTC 1%,
ADA 1%, BTC 0%, EOS 0%, XRP -1%, XLM -1%, TRX -1%, NEO -2%, QTUM -3%
CFx On Balance Volume
CFx OBV continues to put in a bottom. HODLers should continue to add their favorite
cryptos to wallets. The long term bull market remains healthy and intact.
Crypto Flow Index MLRS Profile
This week saw a market buy signal from the CFx MLRS. We are currently long all assets
in the index.
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