◳◱ Hey traders, we've identified a T/W Breakout pattern on the WTC / USDT chart. The price has broken out of a triangle or wedge pattern, indicating a potential trend change. We may consider buying and targetting higher points above the breakout level to The next resistance key levels at 0.277 | 0.2945 | 0.346
◲◰ Sharpe Ratios: ▣ Last 30D: 1.31 ▣ Last 90D: 1.05 ▣ Last 1-Y: 0.08 ▣ Last 3-Y: 0.48 ◲◰ Volatility: ▣ Last 30D: 0.89 ▣ Last 90D: 0.68 ▣ Last 1-Y: 1.16 ▣ Last 3-Y: 1.42
◳◰ Market Sentiment Index: ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is 0.71 - Bullish
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since the last week, you may have noticed that I added Sharpe Ratios and Volatility metrics: The Sharpe Ratio is a measure that quantifies the risk-adjusted return of an investment or a portfolio. It is calculated as the excess return of the investment over the risk-free rate divided by the standard deviation of the investment's return. In the case of cryptocurrencies, the risk-free rate is often assumed to be zero, as there is no risk-free asset in the cryptocurrency market.
Volatility is a measure of the dispersion of an asset's price around its mean or average price. In finance, volatility is often measured using the standard deviation of the asset's returns. In the case of cryptocurrencies, volatility can be high due to the relatively small market size, the lack of regulation, and the high degree of speculation and uncertainty.
Both the Sharpe Ratio and volatility are important metrics in evaluating the risk and return characteristics of cryptocurrencies. High volatility can mean higher potential returns, but also higher risk. The Sharpe Ratio helps to measure whether an investment is generating returns that are commensurate with the level of risk taken, which can be useful in determining the efficiency of a portfolio or investment strategy.
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We like the details that you have shared in your chart. It’s really good job. Well done mate!!
since the last week, you may have noticed that I added Sharpe Ratios and Volatility metrics:
The Sharpe Ratio is a measure that quantifies the risk-adjusted return of an investment or a portfolio. It is calculated as the excess return of the investment over the risk-free rate divided by the standard deviation of the investment's return. In the case of cryptocurrencies, the risk-free rate is often assumed to be zero, as there is no risk-free asset in the cryptocurrency market.
Volatility is a measure of the dispersion of an asset's price around its mean or average price. In finance, volatility is often measured using the standard deviation of the asset's returns. In the case of cryptocurrencies, volatility can be high due to the relatively small market size, the lack of regulation, and the high degree of speculation and uncertainty.
Both the Sharpe Ratio and volatility are important metrics in evaluating the risk and return characteristics of cryptocurrencies. High volatility can mean higher potential returns, but also higher risk. The Sharpe Ratio helps to measure whether an investment is generating returns that are commensurate with the level of risk taken, which can be useful in determining the efficiency of a portfolio or investment strategy.