For those that have seen me before, you know that I have become obsessed with the popular saying "Buy The Dip". What the !@#$ does that actually mean? How much decrease is actually a dip? How much of a rise in prices is actually a rocket to the moon? The standards of this were obviously subjective...

So I built a live website that statistically tests whether there's a significant decrease or increase in price (p-value < 0.05) in relation to historical performance (multiple testing correction not included).

The Main Dashboard (buythedips.io)

BuyTheDips %>% Dashboard @ https://buythedips.io/

So let's go through the graphs one by one.

1. z-score movements in the last 48 hours.

• Displays historical z-scores (z-price) in the last 48 hours. The others, z-volume and performance, are available on the “Historicals” tab (the graphs here work a lot better in fullscreen mode).

2. current performance on 14d volume adjusted avg.

• Shows how your crypto is performing currently when compared to the 14-day volume-adjusted moving average price.

3. z-score in %in% current price (z-price).

• These are z-scores calculated on current price.
• z-scores are essentially the numbers that tell you whether you have a statistically significant dip or moon. z-score of minus 2 means that the price is significantly lower than the norm, while z-score greater 2 means that the price is significantly higher than the norm.
• Hover on cryptos to see Mole’s suggestions on dips.

4. z-score in %in% current trading volume (z-volume).

• These are z-scores can be calculated on trading volume as well. The same guidelines apply. z-volume > 2.0 is volume that is significantly higher than expected, and z-volume less than -2.0 is significantly less. Calculated from historical 14 day moving averages of trading volume.

5. scatter %in% price (z-price vs. z-volume).

• Scatter plot of items 3 and 4
• This is my new favourite way to see cryptos action now.
• White box in the middle (x and y boundaries @ -2 and 2) is essentially what I call “the-safezone-of-stability”.
• If your crypto is in this zone, it’s price and trading volume is as expected (e.g., regular, normal).
• When a crypto starts to “moon”, it’ll first make significant lateral movement towards the right and then tread upwards into the to the right-top corner.

6. scatter %in% volatility (volatility in price vs. volatility in trading volume).

• Scatter plot of items 7 and 8
• Percent volatility (i.e., the tendency to change rapidly and unpredictably) is calculated on both crypto prices and trading volume, and then plotted against each other.
• the faded white boxes show IQR ranges for each metric. Where the boxes overlap in the middle, is where you expect % volatility values to be. Outside of this area indicates that current volatility is higher or lower than the norm.

7. & 8. Volatility %in% price and trading volume.

• Percent volatility (i.e., the tendency to change rapidly and unpredictably) is calculated on both crypto prices and trading volume.
• Presented as bar graphs.

The Days Since tab

Using these metrics, it's possible to document how long it's been since the last time a crypto has mooned or dipped.

TL;DR: Come check it out if you have some time. There is no financial advice given nor coins shilled, just numbers for you to assess your favourite crypto and the current market. You can also find me via my twitter bot (link in bio), which I made a post about previously.

Final note: I built it on one of the cheapest AWS trial server, so it's not the most stable. I'm also working on a pretty comprehensive portfolio manager that provides personalized analysis of your holdings beyond traditional apps, but I'll save that for another day.

Edit: It works a tiny bit better on desktop.

Edit2: There's a good chance that the server will crash overnight, but I'm heading to bed now... If it's not up when you click the link, I'm sorry... I'll put it back up when I wake up tomorrow...

Edit3: So it did crash last night. Retrospectively, it was a bad idea to make a post about it before bed time. My bad.