Here’s how traders got alerted to some of the biggest rallies of this week’s resurging market By Cointelegraph
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This crypto winter wasn’t a very long one. Having briefly touched $34,000 in the second half of January, (BTC) is on its way up again, touching the $45,000 mark on Feb. 10. Many altcoins have been catching up as well and posting double-digit weekly returns. However, not all relief rallies were equally impressive. Is there a way for traders to pick the assets that are about to pull off the strongest rebounds?
Luckily, bullish marketwide reversals tend to look similar in terms of both price movement and other variables that shape market activity: rising trading volumes, spikes of online attention to individual tokens, and the elevated sentiment of social media chatter around them. Furthermore, the conditions that underlie individual assets’ rallies in a resurging crypto market often recur as well.
Bullish confidence
KEEP: A weekly return of +58.64% after a VORTECS™ Score of 92
MNW: A weekly return of +54.63% after a VORTECS™ Score of 90
LEO: A weekly return of +52.56% after a VORTECS™ Score of 91
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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This crypto winter wasn’t a very long one. Having briefly touched $34,000 in the second half of January, (BTC) is on its way up again, touching the $45,000 mark on Feb. 10. Many altcoins have been catching up as well and posting double-digit weekly returns. However, not all relief rallies were equally impressive. Is there a way for traders to pick the assets that are about to pull off the strongest rebounds?
Luckily, bullish marketwide reversals tend to look similar in terms of both price movement and other variables that shape market activity: rising trading volumes, spikes of online attention to individual tokens, and the elevated sentiment of social media chatter around them. Furthermore, the conditions that underlie individual assets’ rallies in a resurging crypto market often recur as well.
Bullish confidence
KEEP: A weekly return of +58.64% after a VORTECS™ Score of 92
MNW: A weekly return of +54.63% after a VORTECS™ Score of 90
LEO: A weekly return of +52.56% after a VORTECS™ Score of 91
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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