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Even in a choppy crypto market, this algorithmic indicator helped traders identify the few winners

Published 02/23/2022, 08:43 AM
Updated 02/23/2022, 10:20 AM
BTC/USD
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Just as it started to look like the crypto market was staging a comeback and bracing for a new bull run, geopolitical tensions stepped in to drive the price of Bitcoin (BTC) below $40,000 again, with most altcoins seeing deep red as well. Such periods of market uncertainty, however, are not unprecedented, and digital assets’ individual history already holds information on the way their prices previously behaved under similar macro conditions.

Last week was not rich with impressive altcoin rallies, as the crypto market seesawed along with the twists and turns of the news cycle. Still, several assets that recorded solid price performances did so after showing off strong historical trading conditions. Here is how crypto traders could have detected these favorable outlooks and put them to use.

Detecting history’s rhymes

TLOS: Anticipating a second leg up

VORTECS™ Score (green/gray) vs. TLOS price, Feb. 12 – 19. Source: Cointelegraph Markets Pro

UNFI: Robust outlook foreshadowing a long rally

VORTECS™ Score (green/gray) vs. UNFI price, Feb. 12 – 19. Source: Cointelegraph Markets Pro

AVAX: Heads-up to an incoming price peak

VORTECS™ Score (green/gray) vs. AVAX price, Feb. 12 – 19. Source: Cointelegraph Markets Pro

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