On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
The following is a summary of an episode of WisdomTree’s Crypto Clarified podcast, focused on the topic of crypto. The discussion is between Benjamin Dean, Director of Digital Assets; Pierre Debru , Head of Quantitative Research & Multi Asset Solutions, Europe; and Blake Heimann , Senior Associate, Quantitative Research. Summary: Indexing is a way to track the...
Simply Trend break is seen in Whole Crypto Index. For now fibonacci 0.5 level seems to be the support of NCI. If it rebounds from 0.5 level then Ethereum and Bitcoin make new ATH.
I'm seeing a minor rising wedge within a major rising wedge on the breakout of a cup and handle pattern. The minor wedge's target is the C+H top which makes sense that we need to come down and retest the breakout. A bounce at the minor wedge's target and a move above the major wedge's high would invalidate the major wedge and validate the C+H breakout. If the...
The NASDAQ Crypto Index has broken its neckline resistance on higher time frames (1D) and is currently holding above it with more than decent strength. The cup and handle pattern that could be starting to form after this breakout is probably the most significant indicator of what we can expect from the market in the next 3-4 months. If we see successful...