Probinex
Published in

Probinex

February market analysis

Quant is a Wall Street term for an analyst focused on statistical and mathematical models. Only the best of the best can call themselves “Quants” and we asked ours what he thought of the February cryptosphere.💡

How was last month in the cryptosphere?

Like a seesaw. In simple terms, that’s exactly the way cryptocurrency markets behaved in February. The escalating conflict between the Russian Federation and Ukraine has affected not only cryptocurrencies, but most financial markets.

Prior to the outbreak of the conflict, volatility increased and widespread selling began, both typical signs of great uncertainty and general unease regarding geopolitical developments. However, in the last days of the month, bitcoin miraculously recovered and did a 180. In the last days of February it gained more than 15%.

What did this mean for our trading algorithms? Plenty of opportunities. As in January, algorithms with shorter holding times did better. To give you a glimpse of what such a trade looks like, here’s the “trade of the month”.

The figure shows where the algorithm entered an intraday long position on the XRP/USDT pair. This title is traded in the form of perpetual futures contracts. The trade took less than a day. Part of the profit came from the downtrend the Russian aggression triggered.

On the other hand, the longer-term positions did not fare well. However, as you can see in the figure, short-term positions cover all the risks cryptocurrency market brings perfectly well.

--

--

--

Probinex is a crypto fintech project of a multifunctional exchange that aims to redefine the traditional form of trading cryptocurrencies, commodities or stocks.

Recommended from Medium

Introducing KeyFi Pro

The Top 5 Websites to Learn About Crypto

Welcome to Deep Quant: Accessible Automated Crypto Trading for Investors

Envion Token Holder Right

Market Analysis of the Decentralized Identity Social Network, BrightID (BRIGHT)

Mizar’s CEX Highlight | WOO X

UNDERSTANDING THE ELLYPTIC CURVE CRYPTOGRAPHY.

Tokenizer’s plans for the future (and partnership details)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Probinex

Probinex

Probinex is a crypto fintech project of a multifunctional exchange that aims to redefine the traditional form of trading cryptocurrencies, commodities or stocks

More from Medium

Currency exchange function of S-Wallet

Reflective Midterm Post

HOW TO TOP-UP S-WALLET USING BANK CARDS

💥 Benefits of S-Wallet for users💥