It’s been a spectacular week for the TBEN Markets Pro VORTECS ™ Score, which alerted subscribers to several of the major crypto asset price drivers hours before the price started to climb.
Dogecoin (DOGE) was the top performer of the week, confusing analysts looking for the fundamental strengths of an asset – the coin itself may not have a lot of team, or a true use case. , but she has Elon Musk, Mark Cuban… and the support of their millions of fans.
Dogecoin crossed the 80 VORTECS ™ line on the morning of April 13, when the price curve was still flat at around $ 0.073 (first red circle). Apparently, the model recognized a familiar confluence of celebrity tweets and increased trading volume. Closer to the early hours of April 14, the price line followed suit, climbing all the way to $ 0.141 (the first two red boxes on the chart).
And as expected, after a rapid rise, VORTECS ™ anticipated a price drop (second red circle), as has happened several times in the recent past with Dogecoin. While it wasn’t particularly dramatic, a correction to $ 0.110 followed within hours (third red box).
While the 7-day graph above, captured on April 15, demonstrates the VORTECS ™ score working exactly as expected, a subsequent capture on April 17 (below) illustrates the limitations of any dynamic modeling algorithm entering uncharted territory. .
The VORTECS ™ score includes sentiment analysis, tweet and trade volume, and price action as components of the algorithm – which are then weighted according to a proprietary formula based on their similarity to the conditions. historical. If there is a similarity between these factors, the score will be higher where historical precedents have most consistently led to higher prices.
But with DOGE this week, there are hardly any parallels in the story – after hitting historic highs, the coin has steadily climbed. As VORTECS ™ could not see any historical similarities with this rapid rise, it remained fairly neutral after the first wave of purchases (orange box).
Ripple’s XRP cryptocurrency continued its glorious comeback this week after a series of slight setbacks for the Securities and Exchange Commission in their case against the company, ranking in the Top Performers section of the second consecutive VORTECS ™ report. On April 12, he entered a dark green VORTECS ™ scoring series at around $ 1.37. About 12 hours later, it took off to finally hit $ 1.93 (first and second red boxes).
THORChain recorded a series of high VORTECS ™ values during the downward movement in price to a low of $ 10.67. About 26 hours later, the price began to climb to the next high of $ 16.46, a 54% improvement from when the first dark green score was detected.
The IOST NewsQuake ™
The April 13 announcement of a Binance staking promotion with IOStoken took the asset to a 53% 24-hour price increase. Notice how there are actually two NewsQuake ™ symbols on the VORTECS ™ chart of the token close to each other. This is not a problem: although the content of the news is almost identical, one represents a Medium post from the IOS Foundation, while the other marks a tweet from the official Binance account.
In a game where minutes can make the difference, Markets Pro strives to deliver actionable information as it becomes available. NewsQuakes ™ comes from a real-time aggregation engine, gathered every minute from over a thousand primary sources and analyzed by an AI algorithm to determine the historical significance of the news. NewsQuakes ™ are trained on staking announcements, exchange lists and key partnerships, and because they are delivered without human intervention, they can often be the fastest way for market participants to learn about major events. in the cryptocurrency space.
VORTECS ™ Score Test Results
TBEN Markets Pro continues to follow 42 distinct strategies tested live, using a simple method described here.
These strategies are based on time-based or score-based exits. For example, the current best performing strategy since testing began is Buy 90 / Quit after 168 hours of strategy, which measures the price of an asset when its VORTECS ™ score crosses the 90 threshold, and then again exactly 168 hours from that initial measurement. The difference is the return on investment (ROI) that is recorded.
This strategy has generated a return on investment of 1837% since January 5, which compares favorably to owning Bitcoin (87% ROI) or holding an equally weighted basket of altcoins (470% ROI) over the same time period.
However, all strategies have failures – this week, strategies based on 90 entry points underperformed those with 80 entry points, illustrating that even the most advanced algorithms can pick a few duds of. from time to time.
Time-based strategies: absolute ROI
Score-Based Strategies: Absolute ROI
Time-Based Strategies: Weekly ROI
Score Based Strategies: Weekly ROI
TBEN Markets Pro is available exclusively to subscribers on a monthly basis at $ 99 per month, or annually with two free months included. It features a 14-day refund policy, to ensure it meets subscribers’ crypto-trading and investment research needs, and members can cancel at any time.
TBEN is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk, including the risk of permanent and total loss. Past performance does not represent future results. Figures and graphics are correct at time of writing or as otherwise specified. Strategies tested live are not recommendations. Consult your financial advisor before making any financial decisions. Full terms and conditions.