Welcome to my crypto market report for August 3, 2022.
On this site, I review the trend and performance of the crypto market on a 7-day and 30-day basis.
This report provides a color chart to help readers quickly get a sense of market direction for the short and intermediate time frames.
I also provide other analyses to add context to current market conditions.
If you like the report, please share it and follow me on Twitter and Instagram.
By following me on my socials, you can get notified when a report or update is made available on the site.
COLOR LEGEND
GREEN = BULLISH. For trend analysis, the metric is higher both on a 7/14/30 day and 2-day basis. This is a bullish indication, as the metric has displayed sustained upward movement.
YELLOW = MILDLY BULLISH. For trend analysis, the metric is higher on a 7/14/30 day basis but lower on a 2-day basis. This is a mildly bullish indication, as the metric has been in an upward trend but is showing signs of weakness.
BLUE = MILDLY BEARISH. For trend analysis, the metric is lower on a 7/14/30 day basis but higher on a 2-day basis. This is a slightly bearish indication, as the metric has been in a downward trend but is showing signs of strength.
RED = BEARISH. For trend analysis, the metric is lower both on a 7/14/30 day and 2-day basis. This is a bearish indication, as the metric has displayed sustained downward movement.
MARKET REPORT
TREND OF TOTAL CRYPTO MARKET CAP
- Short term (7-day) trend: BEARISH
- Intermediate term (30-day) trend: MILDLY BULLISH
TOTAL CRYPTO MARKET PERCENT CHANGES
These metrics measure market performance by calculating the percent change of total cryptocurrency market cap over a 7-day and 30-day period.
Short term (7-day) percent change: -3.17%
- Best trend score: BEARISH
Intermediate term (30-day) percent change: +17.90%
- Best trend score: MILDLY BEARISH
BITCOIN AND ETHEREUM
Bitcoin and Ethereum are the two largest cryptocurrencies by market cap, so they have a major influence on the direction of the cryptocurrency market. In addition, it is a widely held notion that any consideration of other cryptocurrencies should come with the expectation that they outperform Bitcoin, Ethereum or the total cryptocurrency market. Hence, I also provide analysis on Bitcoin and Ethereum in this report.
TREND OF BITCOIN AND ETHEREUM
Bitcoin
- Short term (7-day) trend: BEARISH
- Intermediate term (30-day) trend: MILDLY BULLISH
Ethereum
- Short term (7-day) trend: BEARISH
- Intermediate term (30-day) trend: MILDLY BULLISH
BITCOIN PERCENT CHANGES (ROI)
Short term (7-day) percent change: -4.18%
- Best trend score: BEARISH
- Status: underperforming total crypto market, outperforming Ethereum
Intermediate term (30-day) percent change: +13.16%
- Best trend score: BEARISH
- Status: underperforming total crypto market, underperforming Ethereum
ETHEREUM PERCENT CHANGES (ROI)
Short term (7-day) percent change: -6.18%
- Best trend score: BEARISH
- Status: underperforming total crypto market, underperforming Bitcoin
Intermediate term (30-day) percent change: +42.69%
- Best trend score: MILDLY BEARISH
- Status: outperforming total crypto market, outperforming Bitcoin
