GER · EQUITY · ENHANCED MARKET DYNAMICS

ADE

Bitcoin Group SE

DE · Financial Services · Asset Management

Open Chart Terminal

EMD SCORE41/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration20% directional agreement74/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: EUR 25.68
Evidence: 156 weeks

Four-week EMD change-25.3 pts

signed chart scale −100 to +100

Four-week price-7.1%

completed closing prices

Current directional run1 weeks

on the same side of EMD zero

Recent consistency2/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 12%Current EMD -17.04-week EMD change -25.3Full saved history price range EUR 17.80–69.09

View chart values · 156 observations

Week	Close · EUR	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	17.80	-51.89	24	60	83
2023-10-27	19.96	-30.22	35	50	83
2023-11-03	21.75	-3.14	48	0	83
2023-11-10	22.05	6.67	53	50	100
2023-11-17	21.50	5.69	53	0	100
2023-11-24	22.10	20.22	60	100	100
2023-12-01	21.01	-2.19	49	0	100
2023-12-08	24.69	51.46	76	100	100
2023-12-15	24.99	68.45	84	100	100
2023-12-22	38.63	84.15	92	100	100
2023-12-29	33.90	71.99	86	100	100
2024-01-05	35.44	71.69	86	100	100
2024-01-12	41.01	74.59	87	100	100
2024-01-19	35.24	45.08	73	67	100
2024-01-26	34.35	81.8	91	100	100
2024-02-02	34.94	68.16	84	100	100
2024-02-09	37.68	69.84	85	100	100
2024-02-16	39.82	64.17	82	67	100
2024-02-23	37.13	62.47	81	67	100
2024-03-01	38.97	73.08	87	100	100
2024-03-08	37.78	56.4	78	67	100
2024-03-15	56.74	85.43	93	100	100
2024-03-22	50.57	60.08	80	67	100
2024-03-29	55.05	79.44	90	100	100
2024-04-05	51.07	75.72	88	100	100
2024-04-12	57.14	72.82	86	100	100
2024-04-19	52.16	62.5	81	67	100
2024-04-26	56.05	74.82	87	100	100
2024-05-03	54.85	77.83	89	100	100
2024-05-10	55.45	70.23	85	100	100
2024-05-17	58.83	80.67	90	100	100
2024-05-24	60.73	77.22	89	100	100
2024-05-31	57.94	59.6	80	67	100
2024-06-07	69.09	84.27	92	100	100
2024-06-14	61.42	56.84	78	67	100
2024-06-21	52.96	43.44	72	60	100
2024-06-28	51.67	45.7	73	100	100
2024-07-05	50.17	30.66	65	50	100
2024-07-12	54.95	36.09	68	60	100
2024-07-19	56.25	40.78	70	60	100
2024-07-26	57.34	46.12	73	67	100
2024-08-02	52.26	25.8	63	33	100
2024-08-09	50.77	35.36	68	60	100
2024-08-16	50.67	15.85	58	20	100
2024-08-23	53.96	27.37	64	60	100
2024-08-30	51.77	6.31	53	0	100
2024-09-06	47.88	-8.12	46	33	100
2024-09-13	51.37	5.1	53	20	100
2024-09-20	49.52	-7.23	46	33	100
2024-09-27	53.86	13.91	57	33	100
2024-10-04	50.87	1.84	51	20	100
2024-10-11	51.17	-1.27	49	20	100
2024-10-18	56.85	35.53	68	60	100
2024-10-25	55.06	13.47	57	20	100
2024-11-01	51.87	-9.09	45	20	100
2024-11-08	58.75	51.13	76	100	100
2024-11-15	65.73	53.8	77	100	100
2024-11-22	60.24	39.08	70	67	100
2024-11-29	57.85	43.66	72	100	100
2024-12-06	54.76	9.22	55	0	100
2024-12-13	53.96	1.32	51	0	100
2024-12-20	50.67	-14.75	43	50	100
2024-12-27	50.97	-15.65	42	60	100
2025-01-03	53.86	1.41	51	0	100
2025-01-10	51.77	-16.04	42	60	100
2025-01-17	53.76	-3.66	48	0	100
2025-01-24	52.46	-13.58	43	20	100
2025-01-31	49.87	-29.5	35	67	100
2025-02-07	48.92	-31.3	34	60	100
2025-02-14	47.03	-40.12	30	67	100
2025-02-21	40.30	-50.25	25	67	100
2025-02-28	37.60	-43.87	28	60	100
2025-03-07	37.05	-50.08	25	67	100
2025-03-14	38.25	-39.25	30	33	100
2025-03-21	37.05	-49.9	25	67	100
2025-03-28	31.82	-53.97	23	67	100
2025-04-04	28.18	-54.74	23	67	100
2025-04-11	32.02	-42.22	29	33	100
2025-04-18	34.61	-41.18	29	33	100
2025-04-25	38.26	-31.67	34	20	100
2025-05-02	38.02	-39.96	30	100	100
2025-05-09	40.85	-25.49	37	20	100
2025-05-16	41.51	-28.32	36	50	100
2025-05-23	44.49	-10.13	45	0	100
2025-05-30	43.09	-17.36	41	0	100
2025-06-06	41.77	-14.16	43	20	100
2025-06-13	40.97	-15.0	43	20	100
2025-06-20	40.50	-16.7	42	0	100
2025-06-27	41.77	-9.73	45	20	100
2025-07-04	41.89	-7.51	46	20	100
2025-07-11	46.02	13.63	57	67	100
2025-07-18	45.18	6.38	53	20	100
2025-07-25	43.99	1.3	51	20	100
2025-08-01	40.26	-10.4	45	20	100
2025-08-08	42.07	-0.8	50	20	100
2025-08-15	41.49	-8.59	46	20	100
2025-08-22	40.89	-1.27	49	20	100
2025-08-29	38.76	-6.96	47	50	100
2025-09-05	38.50	-24.71	38	67	100
2025-09-12	39.20	-20.22	40	60	100
2025-09-19	36.24	-36.73	32	67	100
2025-09-26	37.96	-25.29	37	60	100
2025-10-03	40.76	-7.09	46	20	100
2025-10-10	39.84	-25.45	37	60	100
2025-10-17	36.66	-32.87	34	67	100
2025-10-24	38.38	-22.32	39	60	100
2025-10-31	36.10	-37.12	31	67	100
2025-11-07	32.80	-46.84	27	67	100
2025-11-14	31.30	-46.34	27	67	100
2025-11-21	29.50	-49.56	25	67	100
2025-11-28	34.40	-32.03	34	33	100
2025-12-05	34.22	-33.82	33	50	100
2025-12-12	33.68	-37.72	31	60	100
2025-12-19	32.62	-31.31	34	20	100
2025-12-26	32.20	-51.37	24	100	100
2026-01-02	33.10	-36.75	32	60	100
2026-01-09	34.00	-33.34	33	60	100
2026-01-16	33.30	-32.27	34	50	100
2026-01-23	31.98	-39.67	30	67	100
2026-01-30	28.10	-55.72	22	67	100
2026-02-06	28.26	-22.98	39	33	100
2026-02-13	29.30	-27.4	36	33	100
2026-02-20	29.54	-29.29	35	33	100
2026-02-27	29.22	-31.93	34	50	100
2026-03-06	30.68	-19.04	40	0	100
2026-03-13	29.26	-43.92	28	67	100
2026-03-20	28.56	-44.52	28	67	100
2026-03-27	28.22	-36.27	32	60	100
2026-04-03	29.98	-28.74	36	60	100
2026-04-10	30.60	-22.76	39	50	100
2026-04-17	32.82	-1.2	49	0	100
2026-04-24	30.02	-20.3	40	0	100
2026-05-01	29.90	-15.49	42	0	100
2026-05-08	31.76	-4.62	48	0	100
2026-05-15	30.34	-15.01	42	20	100
2026-05-22	28.96	-17.02	41	0	100
2026-05-29	28.56	-19.15	40	0	100
2026-06-05	27.40	-31.34	34	50	100
2026-06-12	26.98	-34.53	33	60	100
2026-06-19	26.36	-37.7	31	60	100
2026-06-26	22.42	-46.98	27	67	100
2026-07-03	25.18	-42.0	29	60	100
2026-07-10	24.64	-44.25	28	60	100
2026-07-17	22.72	-48.67	26	60	100
2026-07-24	23.88	-44.86	28	100	100
2026-07-31	23.89	-49.69	25	100	100
2026-08-07	23.61	-48.73	26	100	100
2026-08-14	22.92	-36.69	32	60	100
2026-08-21	27.74	-26.13	37	60	100
2026-08-28	27.68	-23.81	38	60	100
2026-09-04	27.24	-21.36	39	50	100
2026-09-11	27.64	8.27	54	33	100
2026-09-18	27.88	-1.5	49	20	100
2026-09-25	28.26	-0.38	50	0	100
2026-10-02	29.26	26.37	63	60	100
2026-10-09	25.68	-17.02	41	20	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	36	9	11	33	19	10	8	4	3	2	0	1	1	0	1	1	1	1	33	32	26	33	37	43	54	11
Momentum	68	59	59	70	46	46	44	30	33	34	22	29	26	20	48	29	29	38	63	64	67	70	57	71	75	46
Underlying pressure	54	64	67	72	69	66	63	50	39	29	22	19	16	14	13	12	13	14	23	36	50	69	76	81	86	83
Price & volume	71	21	37	36	41	46	45	48	49	48	42	51	48	45	49	53	55	68	31	26	20	91	51	26	79	24
Relative strength	12	5	5	12	9	3	3	2	2	1	0	1	1	0	1	1	1	0	6	5	6	11	15	19	33	8
Modeled Trend	55	56	56	58	59	58	57	57	58	58	58	58	58	56	54	54	55	55	55	56	56	56	57	59	61	62

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Underlying pressure

83/100

LEAST SUPPORTIVE SOURCE

Relative strength

8/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+1.1%

Median price return · 12 non-overlapping examples

Observed range: -24.6% to +14.8%
Positive returns: 50%
All-period comparison: -4.7% median

13 WEEKS LATER-10.2%

Median price return · 6 non-overlapping examples

Observed range: -26.9% to +14.4%
Positive returns: 17%
All-period comparison: -11.7% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

2 Oct 2026Up-cycle confirmedEUR 29.26

17 Apr 2026Up-cycle confirmedEUR 32.82

25 Apr 2025Up-cycle confirmedEUR 38.26

28 Mar 2025Lower cycle zone confirmedEUR 31.82

6 Dec 2024Down-cycle confirmedEUR 54.76

16 Aug 2024Down-cycle confirmedEUR 50.67

21 Jun 2024Down-cycle confirmedEUR 52.96

12 Apr 2024Upper cycle zone confirmedEUR 57.14

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS