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BNB · BNB/USDT · daily

What happens to BNB after a 40% drop in 30 days?

Since 2017, BNB has shown a 40% drop in 30 days 13 times. In the 13 cases old enough to score, the price was higher 7 days later 85% of the time, with a median move of +7.7%. On an ordinary day the median 7-day move for BNB is +0.5%.

Weak evidence52

There is a gap, but once you allow for how many studies were run, a gap this large is luck about 22% of the time, so it should not be relied on.

Cases since 201713last on 7 Jun 2021
Higher after 7 days85%ordinary: 53%
Median 7-day move+7.7%ordinary: +0.5%
Could be luck22%allowing for 3,572 studies
Worst / best case−16% / +32%over 7 days
Median path after the signalMiddle half of casesOrdinary BNB drift
−10%0%+10%+20%+30%+40% -5dsignal+7d+14d+30d
Price change relative to the close on the signal day. Based on the 13 cases with a full 30 days of history after them.

By holding period

AfterCasesHigherMedian moveMiddle halfOrdinary medianGapBy luckProof score
1 day1346%−1.5%−7.2% to +7.3%+0.1%−1.7%21%28
3 days1346%−0.1%−2.7% to +7.5%+0.2%−0.4%93%8
7 days1385%+7.7%+2.7% to +21.1%+0.5%+7.2%22%52
14 days1377%+11.7%+5.1% to +19.8%+1.3%+10.3%25%47
30 days1377%+17.8%+3.9% to +26.3%+2.5%+15.4%32%47

“Ordinary median” is the median move of BNB over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 1.2%).

Holding it for 7 days

Typical dip on the way−11.5%ordinary BNB: −5.3%
1 case in 4 dipped past−23.4%before day 7
Fell 10% or more on the way62%ordinary: 26%
Typical best point+24.4%highest price within 7 days
Median after costs+7.4%ordinary: +0.2%
Ahead after costs85%ordinary: 51%

Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.

Did it hold up over time?

Splitting the cases by date: in the earlier 7 the gap over 7 days was +3.4%, and in the later 6 it was +12.8%. Same direction both times.

Every occurrence

One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.

DateClose+1d+7d+30d
7 Jun 2021$358.0−1.5%+3.4%−8.5%
28 May 2021$328.8−7.2%+18.8%−11.5%
21 May 2021$326.0−8.1%+0.9%+4.0%
29 Mar 2020$11.30+7.4%+21.1%+44.6%
19 Mar 2020$12.26−2.8%+7.7%+35.5%
12 Mar 2020$9.26+18.0%+32.4%+49.2%
26 Sep 2019$15.22+2.9%+2.7%+24.5%
13 Dec 2018$4.64−2.5%+22.4%+26.3%
6 Dec 2018$4.90−7.9%−5.4%+21.6%
27 Nov 2018$4.98+7.3%+18.4%+3.9%
20 Nov 2018$5.92+6.2%−15.8%−4.1%
11 Feb 2018$8.67+7.7%+22.9%+17.8%

The 12 most recent. All 13 are in the open data file.

The rule

Close at least 40% below the close 30 days earlier.

Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.

The same signal on other coins

CoinCasesHigher after 7dMedianGapVerdict
Theta Network2861%+8.0%+8.6%Strong evidence · leans up
Cardano2568%+7.3%+8.2%Strong evidence · leans up
Kava3571%+5.9%+6.4%Strong evidence · leans up
Neo3667%+3.4%+4.0%Weak evidence
IOTA2665%+4.8%+5.6%Weak evidence
PancakeSwap2365%+4.6%+5.4%Weak evidence
Gitcoin2352%+5.4%+6.6%Weak evidence
The Sandbox2556%+3.5%+4.8%Weak evidence

40% drop in 30 days across all 94 coins

Other BNB signals

Full BNB record

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