📊 3 Best Mean Reversion Trading Strategies: Backtested Buy & Sell Signals Analysis 📉💡
We’re sharing free mean reversion strategies, showcasing why this approach works and the best markets for these trading techniques. Plus, we provide some historical backtesting for credibility! 🔍
💼 Backtested Trading Rules:
1️⃣ Calculate Average: Compute the H-L average over the last 25 days 📅 2️⃣ IBS Ratio: Calculate the (C-L)/(H-L) ratio daily 📐 3️⃣ Price Band: Create a band 2.25x lower than the high of the last 25 days using the average from point 1 🎯 4️⃣ Go Long: If XLP closes below the band in point 3 and IBS is less than 0.6, go long at the close 🚀 5️⃣ Exit Strategy: Sell when the close exceeds yesterday's high 📈
💰 Investment Results:
$100K invested at the start, compounded till today, has delivered strong returns! 💵📈
🚀 Can the strategy be improved?
Drop your suggestions in the comments below 👇
#BNBRisesTo600 #CanaryLitecoinETF #FinancialFreedom #StockMarket
Unichain, Uniswap V4, and the impact on ETH and other projects
Here’s a brief reflection: As most of you probably know, Uniswap is set to operate #Unichain (its own Layer 2 built on Superchain with finality around 250ms).
I can imagine that Uniswap will want to shift a significant portion of its activities to this new chain.
They are already moving in this direction, and in collaboration with ACX, they have created the ERC-7683 standard, which will be supported by Unichain: https://t.co/2Va7DDXFCB (essentially a settlement contract where you lock your assets, and it waits for "processing" on the other side. Once completed, you receive your token as part of the cross-chain swap).
Who benefits from this? 🐂
Naturally, @Uniswap ( $UNI ), but also @Optimism ( $OP ) (since Unichain is built on OP's Superchain) and $ACX (due to the cooperation and partnership around ERC-7683). Additionally, part of the fees will flow to Optimism because Uniswap is leveraging their technology.
For whom it's bearish? 🐻
Ethereum ( $ETH ). Uniswap is one of the most significant contributors to ETH fees (around $450 million annually). If Uniswap manages to move a portion of its trading activity to its own Layer 2, where the fees go to Optimism, ETH could lose a substantial part of its "revenue." Similarly, Uniswap V4 is bearish for ETH (see my previous research about it here: https://t.co/F7yaRT5duH), as the contract creation and optimization of multi-hop swaps via the Singleton model will lead to lower fees for swaps in general.
Resources: https://t.co/jWUOQdNWin
$BONK Technical Analysis and Upcoming Levels
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While analyzing the daily chart, BONK appears bullish and is poised to rally significantly in the coming days.
On September 27, 2024, the meme coin broke its crucial resistance level and closed its daily candle above that level and the 200-day Exponential Moving Average (EMA).
Since then, $BONK has been consolidating between $0.000024 and $0.000019 levels.
With the recent price surge, BONK broke out of its consolidation zone and currently, there is no resistance level posing a hurdle to its upward rally. If $BONK closes a daily candle above $0.0000248, there is a strong possibility the meme could soar by 30% to reach the $0.0000335 level in the coming days.
However, BONK’s Relative Strength Index (RSI) is there in a range that suggests a potential upside rally ahead.
Source: CoinPedia
$BNB Binance has several referral programs, but you're referring to the Binance USDC referral program, where participants can earn up to $1,000 USDC. In such programs, users typically earn rewards by inviting new users to join Binance and trade. The rewards are often unlocked based on the activity of the referred users, such as how much they trade or their volume in futures markets.
Key points of this kind of program include:
Rewards can be earned based on the number of referrals and their trading volume.
The rewards might be capped (like $1,000 in USDC
Referred users might also receive benefits, such as trading fee discounts
It’s important to check the official Binance$BTC
Bullish Signals for PEPE🚀: Why PEPE 🐸 Price Could Jump 50% Soon
PEPE, the popular frog-themed meme coin, has seen a 12% price increase in the past week, avoiding a potential monthly low. If current market sentiment stays strong and PEPE breaks key resistance levels, the coin could soar by 50%. Here's why.
The Money Flow Index (MFI), a key indicator that measures buying and selling pressure, shows PEPE gaining bullish momentum. Currently above the neutral 50.00 mark, this suggests that buying pressure is outweighing selling, indicating further price growth.
Additionally, PEPE’s price is sitting above the Ichimoku Cloud, a technical indicator that highlights support and resistance levels. When an asset’s price is above the cloud, it typically signals a bullish trend, pointing to the potential for more gains.
PEPE recently attempted to break through $0.000011 but faced resistance. However, technical indicators like the Fibonacci retracement show strong support at $0.0000089, suggesting a potential push above $0.000011. If successful, PEPE could target $0.000015, a 50% increase from current levels.
However, if sellers push the price down again, PEPE could fall to $0.0000067. Investors should keep an eye on the $0.000011 level as a key indicator for future movement.
#PEPE #BTCUptober #GrayscaleConsiders35Cryptos #MemeCoinTrending #pepe⚡ $PEPE
As the crypto market recovers, the Bitcoin ETF market is performing really well with the cumulative net inflow for the 11 Bitcoin ETFs recording 459 million dollars on October 16.
The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale GBTC, the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars.
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The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot BTC ETF holdings
#BTC #ETF
Source: CoinPedia
Neiro's recent performance has been impressive, with the coin gaining 442.47% in the last month and 57,661.70% over the past year. However, despite these gains, Neiro is currently trading 25.07% below its predicted value for October 22, 2024. The market sentiment remains neutral, with the Fear & Greed index indicating greed at 71. Key support levels are $0.001876, $0.001779, and $0.001691, while resistance levels are $0.002062, $0.002150, and $0.002248. Despite short-term bullish indicators, the long-term outlook remains uncertain, suggesting caution for investors.
Bonk (BONK): A Hidden Gem Ready to Explode
How to Easily Multiply Your Portfolio with This Token
In the ever-expanding universe of cryptocurrencies, Bonk (BONK) has quietly been gaining momentum, poised for a meteoric rise. This unassuming token, often overlooked amidst the hype of larger projects, possesses the potential to deliver substantial returns.
What Makes Bonk (BONK) So Special?
A Strong Community: Bonk (BONK) boasts a passionate and dedicated community that actively supports its growth and development. This strong foundation is crucial for the long-term success of any cryptocurrency.
Real-World Use Cases: Unlike many tokens that exist solely as speculative assets, Bonk (BONK) has practical applications. Its utility within the Bonk ecosystem provides a tangible value proposition, attracting investors and driving adoption.
A Promising Roadmap: The Bonk (BONK) team has a clear vision for the future, outlined in a well-thought-out roadmap. This roadmap outlines upcoming developments and milestones, instilling confidence in investors and demonstrating the project's long-term viability.
Is Bonk (BONK) the Next Big Thing?
While it's impossible to predict the future with certainty, all signs point to Bonk (BONK) having the potential to become a major player in the cryptocurrency market. Its combination of a strong community, real-world use cases, and a promising roadmap sets it apart from many other projects.
Don't Miss Out on This Hidden Gem
If you're looking for a cryptocurrency with the potential to deliver significant returns, Bonk (BONK) is definitely worth considering. Its combination of factors makes it a compelling investment opportunity.
#BONK/USDT #BONKUSDT #BONK #TrendingTopic #BONK🔥🔥 $BONK @Bonk_official @EliteDaily
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Join the Bonk (BONK) community and be part of something special.
At the 2024 Shanghai Blockchain Week, Ethereum co-founder Vitalik Buterin addressed the platform’s biggest challenge: the need for a unified ecosystem.
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He emphasized that Ethereum operates in 34 different chains, hindering its cohesion. Vitalik outlined key future goals for Ethereum, including achieving over 100,000 transactions per second (TPS) via Layer 2, enabling transfers between any chains within 2 seconds, unifying the user experience, surpassing the Ethereum Virtual Machine (EVM), and ensuring secure blockchain links.
Source: CoinPedia