Team California cryptostroma SFOX came to the conclusion that if in January of this year the market is dominated by “moderately bearish” sentiment, in February they changed to “moderately bullish”.
Below are multifactorial index SFOX, the values of which depend on such variables as volatility, prevailing market sentiment and indicators of development of the industry.
Index SFOX indicates “moderately bullish” sentiment in the market
Associated with bloccano, cryptocurrency ICO HYIP and a few faded. The media has become less a headline about events in the industry. But in the environment of institutional investors there has been a steady interest in the field of digital assets.
The projects continue working on different use-cases using the blockchain. In addition, technology is used more widely than before. Analysts believe that the transition to the “active stage of development” is one of the reasons for the gradual decline of volatility in the market.
Volatility, correlation
The fluctuation of prices of the leading scriptaction such as BTC, ETH, BCH and TLC, fell in January (compared to the national average in 2018).
The correlation between bitcoin, ether, Cash, Bitcoin and Litecoin are very close:
Bitcoin correlates more closely with air than with the “digital silver”. There is an inverse relationship of prices of cryptocurrencies with the S&P 500 index and gold.
What to expect in February?
Market volatility will increase as you get closer to the expiration dates of the futures. February 13 executed contracts to Cboe, February 22 — on a larger exchange CME.
Also the amplitude of the fluctuations should increase with the approach of February 27 — date hard forks Constantinople in Ethereum.
ForkLog previously reported that according to several indicators bitcoin is fundamentally undervalued, steady growth will begin about the last quarter of the current year.
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