Our Scanner Called BICO. It Is Up 25%. We Score It a Miss.
Our scanner flagged $BICO two days ago at $0.01962. It is $0.02465 now, up 25.6%.
We score it a miss.
That is the most useful thing I can tell you this week, so here is why.
Every alert comes with a twelve-hour clock. Inside those twelve hours BICO rose 1.17% and fell 16.41%. The move everyone can see now happened after the window shut. Anyone who bought the alert with a sane stop was out long before it started.
Being right about the coin and wrong about the timing is just being wrong with a better story.
The part that did work: in one hour BICO traded $2.2M when its normal hour is $111K. That is 19.8 times its own average. Money turns up before the crowd does — BICO only reached the trending lists this week.
Our live record: 32 alerts have finished their window. 18.8% hit. Take out the coins that pumped because the exchange announced it was delisting them, and it is 11.1% of 27.
Our biggest winner on paper, up 93.9%, is one of those delistings. It is not a win. It is an exit queue.
Bias: WAIT. A scanner that finds movement is not a scanner that finds profit, and I would rather show you the gap than sell you the headline.
Which would you rather have — the coin, or the timing?
Educational research, not financial advice. DYOR.