Relative strength rankings, market breadth and themes on the top cryptocurrencies — the same tools we built for the ASX, running on a second market.
This platform was built for Australian traders and the ASX, and that has not changed. What has changed is the number of markets the tools run on. Crypto is an extra market covered by the same machinery — the same percentile ranking, the same breadth arithmetic, the same theme composites — not a move away from the market this site is named for.
The case for adding it is simple. Momentum and rotation are what this site measures, and crypto is a market where both are unusually pronounced: leadership passes between groups of coins quickly and visibly. The methods transfer; only the calendar and the benchmark change.
Every coin in the universe gets a relative-strength percentile from 1 to 99, scoring its price performance against the rest of the crypto universe, recomputed after each completed day. The benchmark is BTC-USD.
That is the published convention in this market rather than a choice of ours. The altcoin-season measures everyone quotes are counts of top-ranked coins outperforming Bitcoin over a rolling window, and traders here already think in terms of whether a coin is beating Bitcoin. Ranking against Bitcoin puts our numbers in the same language.
Percentiles are computed strictly within crypto. A coin is ranked against other coins and an ASX stock against other ASX stocks; the two universes are never pooled, because a percentile only means something against a field of comparable assets.
Market breadth is the headline here. Ask what percentage of the crypto universe is trading above its 50-day or 200-day moving average, or how many coins advanced against how many declined, and there is no maintained series to look up. Equity markets have had these readings for decades; crypto has price and it has a fear-and-greed index, and very little in between.
We already compute breadth across the ASX and its sectors and themes every night, so running the same calculations over the crypto universe costs us the scoping and little else. What it gives you is the thing a single Bitcoin chart cannot: whether a rally is broad or whether three large coins are carrying an index that looks healthy from outside.
Because there is no reference series to check us against, the method matters more than usual. Everything below is stated so you can judge the numbers rather than take them on trust — the universe rule, the benchmark, the bar convention and what we have deliberately not shipped.
Crypto sectors are better defined than equity sectors and far better defined than GICS: layer 1s, layer 2s and scaling, DeFi, memecoins, AI tokens, real-world assets, gaming, exchange tokens, privacy and infrastructure are categories the market itself trades in. We seed our crypto themes from published category data rather than classifying each coin from scratch, then track each theme as its own index.
Theme momentum matters more on a rotating market than it does on the ASX, and it is where the crypto breadth work pays off twice — you can see both which themes are leading and whether the leadership inside them is broad.
A seven-day week changes what a day count means. Against roughly 252 ASX trading sessions a year, a crypto year is 365.25 bars — a factor of 1.449. The windows we use on the ASX therefore cover these calendar spans on crypto:
| ASX sessions | Equivalent crypto bars | Calendar span |
|---|---|---|
| 50 | 72 | ~2.4 months |
| 150 | 217 | ~7.1 months |
| 200 | 290 | ~9.5 months |
Read the other way: a 200-bar moving average on crypto spans about 6.6 months, where a 200-session one on the ASX spans about 9.5.
We keep the bar counts unchanged. That is what every charting platform does — a 200-day moving average on a crypto chart is 200 bars on all of them — and it is what you will cross-check our numbers against. Silently rescaling would give you a figure that matches nothing else on your screen. We state the equivalence here instead, and calibrate each market separately, so any future change is made on evidence rather than by analogy.
A crypto bar is a full UTC calendar day, dated by the day it opens: open at 00:00 UTC, close at the end of the same day. That is the convention every analysis site uses, and it is the only one that makes a close a settled number rather than a snapshot taken partway through. A weekend move is a weekend bar — a Sunday sell-off appears as a Sunday bar, never folded into Monday.
The completed day becomes available shortly after midnight UTC, which is mid-morning in Australia. So crypto is a morning update here, running every day of the week on its own schedule, entirely separate from the evening ASX pipeline. Neither can hold the other up.
Every crypto price, volume and market capitalisation on the site is in US dollars. No Australian dollar pair carries enough depth to rank a universe this size — a ranking built on thin AUD books would be measuring the exchange rate as much as the asset. A converted AUD display may follow later, and it would be labelled as converted.
Membership is a rule, not a hand-picked list. We take roughly the top 250 cryptocurrencies by market capitalisation and remove the categories that are not independently traded assets — stablecoins, wrapped and bridged tokens, liquid-staking derivatives, other pegged or asset-backed tokens, and tokenised stocks — then apply a liquidity floor set relative to Bitcoin's own turnover rather than a fixed dollar figure, so it keeps its meaning through both bull and bear conditions. That leaves around two hundred names. The rule is re-run monthly and the resulting list is reviewed, additions can arrive in between, and a coin that drops out is retired rather than erased: its history stays, exactly as a delisted stock's does.
Four of our tools are deliberately ASX-only for now: the volatility-contraction scanner and model book, the trend gauges, setup bars, and the stage-analysis leadership map.
They would all run mechanically on crypto tomorrow. That is exactly the problem. Their thresholds were fitted on ASX sessions — base lengths counted in trading days, volume gates tuned on share counts rather than dollar turnover, and a 150-bar average standing in for a thirty-week one, which on a seven-day market it no longer does. Ported unchanged, each would produce numbers that look authoritative and mean something slightly different from what they say.
So they wait for their own calibration cohort, measured and published the way the ASX ones were. When a crypto rating appears on this site, it will be because we have the outcome statistics to put behind it.
Crypto is part of the Trader plan and above — the same tier that unlocks the full relative-strength universe, theme filtering and the theme deep-dive pages. There is no separate crypto subscription and no crypto surcharge: it is an extra market inside the plans that already exist.
The top cryptocurrencies by market capitalisation — around two hundred names once the exclusions are applied. We drop stablecoins, wrapped and bridged assets, liquid-staking derivatives, other pegged or asset-backed tokens and tokenised stocks, because none of them trade on their own merits and all of them would distort a ranking built on relative performance. The list is reviewed monthly and a coin that drops out keeps every bar of history it earned while it was in.
Bitcoin, quoted as BTC-USD. That is the published convention in this market — the widely followed altcoin-season measures all count coins outperforming Bitcoin — and it is the honest analogue of ranking an ASX stock against the index everyone already watches. Percentiles are computed within crypto only: a coin is ranked against other coins, never against ASX stocks.
Because that is where the liquidity is. No Australian dollar order book is deep enough to rank two hundred coins on without the ranking measuring the exchange rate as much as the asset. Every crypto figure on the site is USD, and it is labelled as such.
The bar counts are the same; the calendar spans are not, because crypto trades every day. A 200-bar average covers about six and a half months of crypto against roughly nine and a half months of ASX sessions. We keep the bar counts unchanged, state the equivalence plainly, and calibrate each market separately rather than quietly rescaling a number you would cross-check against your charting platform.
Not yet, and we would rather say so than ship it. The volatility-contraction scanner, the trend gauges, setup bars and the stage-analysis leadership map are all calibrated on ASX sessions, and several of their thresholds are measured in days. On a seven-day market those days mean something different. They stay ASX-only until a separate crypto calibration says they earn their place.
Crypto is part of the Trader plan and above, alongside the full relative-strength universe, theme filtering and the theme deep-dives.
General information only, not financial advice —see full disclaimer.
Guides:What Is a VCP? · Minervini Trend Template · Weinstein Stage Analysis · Relative Strength Explained · CGT on ASX Shares · Setup Bar Patterns
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