The Crypto Flow Index was on a bull tear in contrast to last week's pull back. CFx up 11%. We are seeing a new trend of higher highs and lower lows dating back to December. The market today is consolidated below the key 2400 level, CFx 2352.90. There were double digit gains nearly across the board with Zcash (ZEC) 36%, Ethereum Classic (ETC) 32% and Litecoin (LTC) 26% leading returns. Overall exchange volumes have now begun to pick up and CFx on balance volume has recovered. 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 2352.90 The market has yet to push above 2400 and may settle into a range. Looking back into December is a new bullish trend. Downside risk remains relatively low as we look to begin a new cycle.
CFxMLRS Intel
The CFx Machine Learning Relative Strength (MLRS) indicator 1.0412 currently reads market buy. The signal (buy 2162.67, 1/27/20) is 5 days old and yields 8.26% to date. Machine Learning Relative Strength has reliably managed multiple assets simultaneously with confidence.
CFx Leaderboard
The weekly CFx leaders, Zcash (ZEC) up 36%, Ethereum Classic (ETC) gained 32% and Litecoin (LTC) rose 26%. Meanwhile the CFx was up 11% as a group.
CFx Weekly Basement
The under performers this week, NEO down -9%, XRP lost -13% and Stellar (XLM) gave up -6%. Compared to the CFx, up 11% as a group.
CFx weekly results - CFx up 11%
ZEC 36% ,ETC 32%, LTC 26%, IOTA 24%, ADA 20%, BCH 18%, DASH 16%, EOS 14%, XMR 14%, TRX 14%, QTUM 13%, BTC 11%, ETH 11%, NEO 9%, XRP 8%, XLM 6%
Crypto Flow Index MLRS Profile
This week saw a market buy signal from the CFx MLRS. We also managed buy signals from Bitcoin (BTC), XRP, Bitcoin Cash (BCH), EOS, Litecoin (LTC), Tron (TRX), Zcash (ZEC), Monero (XMR), NEO and QTUM.
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