This crypto winter was not too long. After a brief touch of $ 34,000 in the second half of January, Bitcoin (BTC) is back on track, reaching the $ 45,000 mark on February 10th. Several altcoins also collect and post double-digit weekly winnings. However, not all aid marches were equally impressive. Is there a way for traders to choose assets that are about to experience the biggest bounce?
Fortunately, market-wide bullish reversals tend to look the same both in terms of price action and in terms of other variables that affect market activity: increased trading volume, a sudden increase in online interest in individual coins and increased gossip. about them on social media. In addition, the conditions underlying the rise of individual assets in the cryptocurrency market are repeated.
In practice, this means that automated data analysis tools capable of detecting similarities between past and present trading relationships around cryptocurrencies, such as the VORTECS tilgjengelig score available to Cointelegraph Markets Pro subscribers, can be particularly effective in alerting traders to upcoming prices when the market goes up. .
The basic principle behind the VORTECS er score is to compare the trading conditions of an asset today with those of the past. The algorithm is constantly sifting through years of historical data for each digital asset on price action, trading volume, Twitter activity and social sentiment, trying to identify combinations of these indicators that have regularly appeared in the past before inflation.
The result is a score between 0 and 100. A score of 80 or higher indicates an approximately bullish historical outlook for the next 10-72 hours. If the coin reaches 90 or rises higher, it means that the pattern is very sure that it notices a pattern that consistently goes ahead of previous rallies.
In a typical week, there will be an average of three to four cases of a VORTECS ™ 90 result or higher. But as the crypto market recovered, we saw an average of 10 such cases from February 3 to 10, assets reaching 90 increased by 7% in value 24 hours after reaching the 90-VORTECS ™ threshold, and then increased by 15%. 72 hours. These are the most impressive cases.
Storage: +58.64% weekly income according to VORTECS ™ 92. result
VOTECS ™ result (green / gray) vs. KEEP Prize 3. – 10. February. Source: Cointelegraph Markets Pro.
The price of the Keep Network KEEP token rose steadily in the first half of the week, largely reflecting the overall positive trend in the market, from $ 0.46 on February 5 to $ 0.58 on February 8. Historical trading around the token began to look very optimistic. , as shown at the top of the VORTECS ™ 92 result (red circle on the map). Nine hours after the peak, KEEP prices fell from $ 0.57 to $ 0.76 in 10 hours.
MNW: +54.63% weekly return after VORTECS ™ 90. result
VORTECS ™ result (green / gray) vs. MNW price 3. – 10. February. Source: Cointelegraph Markets Pro.
MNW, a supply chain management-focused token for Morpheus.Network, has had a solid foothold since mid-January when smart contract updates were made to the protocol and new master tokens were added to the network. Last week, signs of strong trading conditions preceded two phases of the MNW rally. The second most powerful stage came 12 hours after Origin flared up with a very strong historical view, hitting 90 degrees in Vortex on February 6.
LEO: +52.56% weekly return after VORTECS ™ 91. Result
VORTECS ™ result (green / gray) vs. LEO price 3. – 10. February. Source: Cointelegraph Markets Pro.
Unus Sed Leo (LEO), an asset linked to the cryptocurrency exchange Bitfinex, came under strong upward pressure this week when the news came that the US Department of Justice had recovered around 80% of bitcoins stolen from the platform in a hack in 2016. What is It is clear that the VORTECS algorithm recognized very favorable trading conditions, characterized by a score of 91, which lit up early in the morning of 7 February. Less than two days later, the price of LEO dropped from $ 5 to $ 7.53 in just a few hours.
As the famous saying goes, history does not repeat itself, but is often harmonious. Even the most recent historical precedents are no guarantee of future price movement, but including automatic analysis of past performance data for cryptocurrencies in a trading strategy can significantly improve performance.