Coin Crash Alert service also functions as a complimentary addition to the fully automated trading service offered by the Nordic Crypto Blackbox.
The Coin Crash Alert is a predictive model based on a proprietary mathematical algorithm, developed and deployed by Nordic Crypto. Coin Crash Alert algorithm can be effectively used as a means for a broad based crash protection in the cryptocurrency community.
The predictive quality of the model allows a wide spectrum of cryptocurrency market participants to make better timed decisions, be in it in considering a new cryptocurrency acquisition or re-adjusting existing crypto asset holdings.
In a time period spanning back to 2013, actively tracked cryptocurrencies have generated 54 Coin Crash Alerts, with about 65% of these alerts resulting in significant moves lower and downside corrections ranging up to 66% from alert days. The key alert metrics have are as summarized in the below table:
|Total crash alerts||14||6||11||7||6||7||3||54 crash alerts|
|Crash ratio||71%||67%||55%||57%||50%||86%||67%||65% probability|
|Max downside||-66%||-61%||-61%||-76%||-18%||-54%||-49%||58% avg maximum|
|Avg downside||-22%||-41%||-23%||-40%||-13%||-29%||-47%||28% average crash|
|Avg days||17||52||15||34||2||13||17||21 avg days|
Unlike many comparable services, which “declare” a sell-off or a crash after the fact, Coin Crash Alert derives it alert signals from a unique and predictive analytical framework. This allows for the service recipients to be prepared for and ready for a potential crash before their cryptocurrency holdings have been unduly effected.
Coin Crash Alert algorithm has historical archive of crash signals going back to early 2013.
In the 7 most traded cryptocurrencies, namely, Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash and Ethereum Classic, in the period of 2013-2018, 54 Coin Crash Alerts have so far been generated.
On average, 65% of Coin Crash Alerts across the board have subsequently resulted in significant downside moves. Among these successful alerts, the range of the downside moves have been up to 66%. Below are the detailed, coin-specific results of the 7 most active coins, as traded and priced against USD.
|Cryptocurrency||Pair||Crash alert||Alert Price||Low price||Days in decline||% decline|
- Algorithmic price calculations are done using End-of-Day (EoD) price data, provided by coinmarketcap.com, which effectively aggregate all relevant market prices. Individual prices from one exchange to another can and will vary.
- Historical back-test calculations are made using the same EoD price data.
- Alert signals are generated using the respective USD-pairings for the cryptocurrencies.
- The historical backtest analyses are, at the present time, conducted on 7 cryptocurrencies: BTC, ETH, LTC, XRP, DASH, ZEC and XMR, each one as traded against USD.
- A selection criteria for a coin to be included in the historical back-test results is there to be at the least 5 past signals. This filter effectively removes coins that are not well established yet or are too immature in terms of current lifespan.
- In determining the alert results, 5 trading days subsequent to the generation of the alert signal are closely analyzed. If no significant move lower is detected, as defined by the daily closing prices in relation to the alert price, the alert signal is deemed as being of poor quality.
- Calculation made on prices from www.coinmarketcap.com
Is Coin Crash Alert a trading recommendation service?
What is the Coin Crash Alert?
Who is the Coin Crash Alert for?
Whether the involved part is an individual cryptocurrency enthusiast, who has made or is looking to make a small cryptocurrency acquisition, or a dedicated cryptocurrency hedge fund, the predictive nature of the models affords a unique type of crash protection not readily available in the current market place.
Can the Coin Crash Alert provide an edge for investors and traders?
The ability to be prepared for potential significant downside corrections in otherwise upward trending cryptocurrencies will provide an advantage both in terms of timing new acquisitions as well as protecting the current holdings.
How many coins do you provide crash alerts for?
At the present time, 7 cryptocurrencies are actively tracked and covered: BTC, ETH, LTC, XRP, DASH, ZEC and XMR, with each of these coin as traded against USD.