What are we looking at here:
The VORTECS™ Score from Cointelegraph Markets Pro often tracks the rise in volume and positive sentiment as a crypto asset price rises.
But sometimes you see clear outliers: (click on the image).
VORTECS™ Score in green, LUNA price in white.
Tracking $LUNA on the one month scale, we can see that VORTECS™ identified bullish peaks that were uncorrelated with rising prices on three occasions.
The first of these occurred around 48 hours before a slight increase in price. The second, just before a more significant rise. And the third before a major bullish breakout late on Feb 6 (UTC) just as sellers were causing a brief dip.
While we can see VORTECS™ tracking the rise of LUNA between Jan 28 and Feb 5, it's these outliers that are interesting. A sudden spike in the score, uncorrelated with a concurrent price increase.
A proprietary blend of data points including sentiment, trading volume, chatter and price action, the VORTECS™ Score is an algorithmic real-time comparison of current market conditions with historically similar circumstances.
Want more data like this?
https://cointelegraph.com/pro
The VORTECS™ Score from Cointelegraph Markets Pro often tracks the rise in volume and positive sentiment as a crypto asset price rises.
But sometimes you see clear outliers: (click on the image).
VORTECS™ Score in green, LUNA price in white.
Tracking $LUNA on the one month scale, we can see that VORTECS™ identified bullish peaks that were uncorrelated with rising prices on three occasions.
The first of these occurred around 48 hours before a slight increase in price. The second, just before a more significant rise. And the third before a major bullish breakout late on Feb 6 (UTC) just as sellers were causing a brief dip.
While we can see VORTECS™ tracking the rise of LUNA between Jan 28 and Feb 5, it's these outliers that are interesting. A sudden spike in the score, uncorrelated with a concurrent price increase.
A proprietary blend of data points including sentiment, trading volume, chatter and price action, the VORTECS™ Score is an algorithmic real-time comparison of current market conditions with historically similar circumstances.
Want more data like this?
https://cointelegraph.com/pro
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Cointelegraph Markets Pro is a powerful data platform designed to simplify and level the playing field for cryptocurrency market participants. Markets Pro provides you with actionable insight into the cryptocurrency market, so that you can make more informed…
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