Crypto market update: 1st of February 2019 - 28th of February 2019
Every month we will share with you how the market has been behaving using our simulation software.
As always, when a month has come to an end, we look back on it and analyse what happened. We use our own simulation software and buy all altcoins on Binance and sell them exactly one month later. Just like December and January, February was not a very spectacular month, although on average altcoins outperformed Bitcoin by 6.9%. Bitcoin was outperformed by 55% of altcoins. Excessive gainers were $ENJ, $THETA, and $RCN. Due to delisting from Binance $CLOAK, $SALT, $MOD, $SUB, and $WINGS dropped 30-60%!
Figure 1. Showing the coins with the biggest gains and losses for February
Figure 2. Both January and February have been positive months, starting the year cautiously with optimism
Besides these market updates, we also provide a crypto scanner. This will provide you with automated alerts any time something happens. We can even send automated charts for complicated alerts such as RSI Divergences or Fibonacci retracements, a big improvement over standard RSI scanners.
This was only the third blog of our new monthly tradition. We would be really happy to hear your opinion! If you want to share your thoughts, or are interested in the complete dataset, just drop us a line on our twitter account
Written by David
IT Developer for 100eyes by night, Sr Data Scientist by day