Crypto Flow Index Weekly Recap 2/8/20

The Crypto Flow Index saw a volatile consolidation early in the week then continued the rally.  CFx up 9%. The new bull trend of higher highs and lower lows dating back to December has some legs.  The market is now well above the key 2400 level, CFx 2566.54. Double digit gains continued with most assets tracked in the CFx with leading performance from Ethereum (ETH) up 24%, QTUM yielding 21% and Stellar (XLM) rising 19%.  Overall exchange volumes are now rolling and CFx on balance volume is trending bullish. The CFx MLRS indicator has been rated market buy since January 27th. All assets in the CFx are also indicating buy via Machine Learning Relative Strength.

CFx 90 Day Trend

The Crypto Flow Index trend analysis shows the volatile rally that consumed January.  CFx 2566.54. The CFx has yet to push well above the key 2400 and looks to continue the new bull trend.  HODLers should look to buy the dips.

CFxMLRS Intel

The CFx Machine Learning Relative Strength (MLRS) indicator 1.0478 currently reads market buy.  The signal (buy 2162.67, 1/27/20) is 12 days old and yields 18.67% to date. Machine Learning Relative Strength continues to reliably manage multiple assets simultaneously with confidence.

CFx Leaderboard

The weekly CFx leaders, Ethereum (ETH) up 24%, QTUM gained 21% and Stellar (XLM) rose 19%.  Meanwhile the CFx was up 9% as a group.

CFx Weekly Basement

The under performers this week, Ethereum Classic (ETC) up 3%, Zcash (ZEC) gained 3% and DASH gave added 2%.  Compared to the CFx, up 9% as a group.

CFx weekly results - CFx up 9%

ETH 24%, , QTUM 21%, XLM 19%, TRX 18%, XRP 17%, BCH 17%, EOS 11%, ADA 11%, XMR, 11%, NEO 11%, LTC 10%, IOTA 9%, BTC 5%, ETC 3%, ZEC 3%, DASH 2%

Crypto Flow Index MLRS Profile

This week saw no new signals from the CFx MLRS as the new bull trend continues.