How a Single-Strategy Crypto Algorithm Gained 176.31% While Bitcoin Dropped 65% in 2022
Warren Buffett said, "What we learn from history is that people don't learn from history ". Crypto traders can change that.
Market analysis
Before we get into the details of how one simple rule created the kind of insane ROI noted in the headline - during one of the worst Crypto Winters in recent history - let's be clear on one thing.
You cannot copy this now.
But anyone with access to Cointelegraph Markets Pro in 2022 could have it. It's not just a backtested strategy. It's a real strategy - even if you're about to see historic results.
This is no longer a thought experiment or proof of concept; it is a real way to make money in crypto trading.
For our purposes, it's also a perfect way to illustrate how a simple strategy can work for real traders in real life, even during extreme market pullbacks.
So, let's dig in. What could you do, now, today, with this algorithm?
What does "Buy 85, Sell 80" mean?Here is the basic principle. In partnership with data firm The Tie, Cointelegraph Markets Pro has developed the VORTECS™ score, an algorithmic determination of whether current trading conditions are rising or falling for a given crypto asset.
The score is based on historical data, and it essentially scans the entire history of a coin or token looking for conditions similar to what it is currently observing.
It looks for a variety of similarities and outliers – for example, trading volume, recent price action, social sentiment, and even the volume of tweets about that asset.
If it finds similarities, it looks at what happened next. Has the asset increased or decreased? What was the consistency of this movement? How big was the up or down?
By combining all of these data points, Markets Pro creates the VORTECS™ score, a dynamic and ever-changing assessment of current trading conditions for each supported asset. The higher the score, the more optimistic the outlook and the more confident the algorithm.
Conversely, a very low score is bearish (with equal confidence). A neutral score of 50 means that the algorithm sees no significant correlation between current conditions and past price performance.
The Markets Pro platform offers a range of strategies for traders.
A "Buy 85, sell 80" strategy...
Warren Buffett said, "What we learn from history is that people don't learn from history ". Crypto traders can change that.
Market analysis
Before we get into the details of how one simple rule created the kind of insane ROI noted in the headline - during one of the worst Crypto Winters in recent history - let's be clear on one thing.
You cannot copy this now.
But anyone with access to Cointelegraph Markets Pro in 2022 could have it. It's not just a backtested strategy. It's a real strategy - even if you're about to see historic results.
This is no longer a thought experiment or proof of concept; it is a real way to make money in crypto trading.
For our purposes, it's also a perfect way to illustrate how a simple strategy can work for real traders in real life, even during extreme market pullbacks.
So, let's dig in. What could you do, now, today, with this algorithm?
What does "Buy 85, Sell 80" mean?Here is the basic principle. In partnership with data firm The Tie, Cointelegraph Markets Pro has developed the VORTECS™ score, an algorithmic determination of whether current trading conditions are rising or falling for a given crypto asset.
The score is based on historical data, and it essentially scans the entire history of a coin or token looking for conditions similar to what it is currently observing.
It looks for a variety of similarities and outliers – for example, trading volume, recent price action, social sentiment, and even the volume of tweets about that asset.
If it finds similarities, it looks at what happened next. Has the asset increased or decreased? What was the consistency of this movement? How big was the up or down?
By combining all of these data points, Markets Pro creates the VORTECS™ score, a dynamic and ever-changing assessment of current trading conditions for each supported asset. The higher the score, the more optimistic the outlook and the more confident the algorithm.
Conversely, a very low score is bearish (with equal confidence). A neutral score of 50 means that the algorithm sees no significant correlation between current conditions and past price performance.
The Markets Pro platform offers a range of strategies for traders.
A "Buy 85, sell 80" strategy...
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