With the exception of Ethereum, which seems to have started the year with all guns blazing ahead of the Constantinople fork, it won’t surprise anyone that the market analysts SFOX rate crypto as “moderately bearish” entering 2019. In fact, with further sharp drops in all major coins today, perhaps even the word “moderately” is wishful thinking.
However, unlike many price predictions based on the instincts of even the most credible CEO or economist, the SFOX Volatility Report is based on more than just sentiment.
The cryptocurrency dealer and market analyst takes into account trading volume, price, and volatility data from eight major exchanges. They then come up with an index by analyzing three major factors: market sentiment, volatility, and how the sector, in general, is advancing.
Throughout 2018, this index ranged from highly bullish to positively bearish with November and December the most volatile months on record.
CCN |
https://www.ccn.com/why-the-crypto-market-remains-moderately-bearish-in-2019/