{"id":382949,"date":"2021-12-18T19:34:26","date_gmt":"2021-12-18T16:34:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/"},"modified":"2021-12-18T19:34:26","modified_gmt":"2021-12-18T16:34:26","slug":"overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/","title":{"rendered":"# Overheated DOGE: 5 times crypto traders were warned before their assets tanked"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23a2d63ed14\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23a2d63ed14\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/#DOGE_Memecoin_gets_overheated\" >DOGE: Memecoin gets overheated<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/#COTI_Massive_spike_hard_comedown\" >COTI: Massive spike, hard comedown<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/#NEAR_A_dip_or_second_leg_up\" >NEAR: A dip or second leg up?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/#NMR_Red_Score_at_a_price_peak\" >NMR: Red Score at a price peak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/overheated-doge-5-times-crypto-traders-were-warned-before-their-assets-tanked\/#STX_Green_before_price_rises_red_before_it_drops\" >STX: Green before price rises, red before it drops<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Overheated DOGE: 5 times crypto traders were warned before their assets tanked <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Everybody loves a crypto bull market, but every green wave inevitably gives way to periods of sideways or downward movement.<\/p>\n<p>Skilled traders know that these phases of the market cycle can be rife with profit opportunities, too. Anticipating not only a digital asset\u2019s upward price movements, but downturns and corrections can be useful when deciding on when to exit a position and lock in gains, as well helping to add toprofits by shorting crypto assets whose prices decline.<\/p>\n<p>In addition to a keen eye and common sense, anticipating price drops can be aided by data intelligence tools. One AI-driven indicator that can help investors see the signs of an upcoming dip early is the VORTECS\u2122 Score, exclusively available to the members of Cointelegraph Markets Pro.<\/p>\n<p>Its job is to sift through years\u2019 worth of historical data and identify whether the combination of market and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> conditions around each asset looks like those that preceded sharp upward or downward price action in the past.<\/p>\n<p>At any given moment, a cryptocurrency token\u2019s high VORTECS\u2122 Score means that its outlook is historically bullish; <strong>but low scores below 30 indicate that in the past, the observed patterns were often followed by price drops<\/strong>.<\/p>\n<p>Red VORTECS\u2122 Scores are much rarer than dark-green ones. The most common scenario where such scores can be observed is when crypto assets see flash rallies, get overbought, and then see massive corrections.<\/p>\n<p>Here are five conspicuous instances of red VORTECS\u2122 Scores flashing on crypto assets before their prices tanked.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"DOGE_Memecoin_gets_overheated\"><\/span>DOGE: Memecoin gets overheated<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/d5b5ee9e-9ebe-4dd3-8ed2-30372c7034a5.png\"><\/figure>\n<p><em>VORTECS\u2122 Score (green\/red) vs. DOGE price, Apr. 8 \u2013 15. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/p>\n<p>Dogecoin (DOGE) presented an instance of very high and very low VORTECS\u2122 Scores following each other closely in the week of Apr. 8.<\/p>\n<p>The asset\u2019s score went above 80 on the morning of Apr. 13, when the price curve was still flat at around $0.073 (first red circle). <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>arently, the model has sensed a familiar arrangement of celebrity tweets and rising trading volume. Less than 12 hours later, the price line followed suit, pumping all the way to $0.141.<\/p>\n<p>Even before the price reached its peak value, however, the algorithm signaled that historically Dogecoin\u2019s rallies were followed by rebounds, as the VORTECS\u2122 Score dipped into the red area below 30. A correction to $0.110 followed in several hours.<\/p>\n<p>While the VORTECS\u2122 Score is not designed to tell investors when to go long or short, it can provide a useful indication of historically bullish or bearish conditions for a particular asset \u2014 information that can be profitably incorporated into a trading strategy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"COTI_Massive_spike_hard_comedown\"><\/span>COTI: Massive spike, hard comedown<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/be5ad1b9-c0dc-4b8a-8634-00e16deec16a.png\"><\/figure>\n<p><em>VORTECS\u2122 Score (green\/red) vs. COTI price, Aug. 21 \u2013 27. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/p>\n<p>Following a sharp hike from $0.29 to $0.45 within an hour that occurred on Aug. 26, the price of COTI began to succumb to a correction.<\/p>\n<p>It quickly dropped to $0.37 and then attempted to gain upside traction again as it rose to $0.42. <\/p>\n<p>At this point, the VORTECS\u2122 algorithm recognized similarities between the observed conditions and COTI\u2019s past price corrections, lighting up a red score (red circle in the graph) when the price was still on its way up. The flash was well-placed, within two hours, COTI reversed its course and fell back to around $0.35.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NEAR_A_dip_or_second_leg_up\"><\/span>NEAR: A dip or second leg up?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/c2044504-ef6e-4943-80cb-c5d5792eb95c.png\"><\/figure>\n<p><em>VORTECS\u2122 Score (green\/red) vs. NEAR price, Sept. 5 \u2013 12. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/p>\n<p>Between Sept. 7 and 9, NEAR Protocol soared from $6.00 to $11.58 within three days. The question on all crypto traders\u2019 minds was: Where will NEAR go next? <\/p>\n<p>Several hours after the price peak, the token\u2019s VORTECS\u2122 Score dipped below 30 (red circle in the graph), informing Markets Pro subscribers that historical precedent suggested an imminent decline rather than another leg of the rally.<\/p>\n<p>NEAR\u2019s price was at around $11.00 and still going up when its score flashed red; 36 hours later, it was down to $9.00<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NMR_Red_Score_at_a_price_peak\"><\/span>NMR: Red Score at a price peak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/f845d69d-f2b3-416d-af0d-7ddf8cbe8f73.png\"><\/figure>\n<p><em>VORTECS\u2122 Score (green\/red) vs. NMR price, Apr. 2 \u2013 8. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/p>\n<p>Numeraire (NMR) was doing great on April 4 and 5, and its price was still headed toward the peak of $78.07 when its VORTECS\u2122 Score dropped below 30 (red circle in the graph). This suggested that in the past NMR\u2019s similar rallies were followed by the price cooling off quickly. <\/p>\n<p>Sure enough, the correction kicked in in less than two hours after the lowest Score, NMR\u2019s price sliding back to around $63.00 within the following two days.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"STX_Green_before_price_rises_red_before_it_drops\"><\/span>STX: Green before price rises, red before it drops<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/74c0515d-ed3d-4b5a-8290-6b7c74181d21.png\"><\/figure>\n<p><em>VORTECS\u2122 Score (green\/red) vs. STX price, Oct. 7 \u2013 14. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/p>\n<p>In the week of Oct. 8, Stacks (STX) managed to light up both an ultra-low and ultra-high VORTECS\u2122 Scores, all within two consecutive days. On Oct. 9-11, STX had seen a strong rally from $1.44 to $2.29, after which the token\u2019s price began to decline.<\/p>\n<p>At that point, the VORTECS\u2122 algorithm recognized a combination of factors that in the past preceded extended corrections, flashing a red score (first circle in the chart). Indeed, STX soon embarked on a downward trajectory for the following 30 hours, dipping all the way back to $1.86.<\/p>\n<p>However, in the middle of the pullback, the coin\u2019s VORTECS\u2122 Score went up sharply, reaching a high of 88 against a still-declining price. Apparently, market and social conditions around the coin flipped bullish again as in the past similar massive corrections were followed by even greater upsides.<\/p>\n<p>Sure enough, 16 hours after the peak VORTECS\u2122 Score of the week had been registered, STX\u2019s rally resumed toward the week\u2019s high price at $2.39.<\/p>\n<p class=\"post-content__accent post-content__accent_small\">Cointelegraph Markets Pro&#8217;s VORTECS\u2122 Score is available to members here.<\/p>\n<p><em>Disclaimer. Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Skilled traders know that these phases of the market cycle can be rife with profit opportunities, too. Anticipating not only a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYWEyYTFlY2YtY2QzZS00MGM1LWIzODktYWRiZTI2ZDIzNzk5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,105688,79248,71407],"class_list":["post-382949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-markets-pro","tag-trading101","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=382949"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382952"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}