April 2023 proved to be an eventful period in the cryptocurrency realm, marked by significant developments. One such milestone was the Ethereum network’s upgrade, which took place on April 12, allowing for staking withdrawals.
Simultaneously, both BTC and ETH experienced notable growth, achieving their highest values of the year with gains of 2.7% and 2.6% respectively throughout the month. It is worth noting that the FOMC did not convene in April but is scheduled to reconvene on May 3.
During this meeting, the committee will deliberate on the possibility of implementing a 25 bps rate hike. Presently, the market estimates an 80% likelihood of this outcome. While rate hikes historically haven’t favored risk asset prices, the alignment of the FOMC decision with market expectations might bring potential benefits to crypto prices.
In the latter part of April, the Bitcoin market underwent a highly volatile period characterized by a significant price decline and a subsequent swift recovery. During this time, there was a notable low point after a price decrease of approximately 6%, dropping from around $29,700 to $27,696. This sudden downward movement resulted in the second-largest liquidation event of the year, involving the combined liquidation of $125 million worth of both long and short positions. The resulting fluctuations in price and subsequent developments offer valuable observations regarding Bitcoin’s future price.
April Signal Results 2023
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Universal Crypto Signals lost their top spot from the last month. They’ve done pretty well with a 96% win rate. However, Fat Pig Signals make a great comeback with an unbeatable 100% win rate. That said, there was a notable difference between the number of trades issued by both signal providers in April. UCS issued 25 trades in the month and succeeded in making a profit on 24 of them. Fat Pigs Signals, on the other hand, could only supply nine signals.
In the third spot, we’ve got CoinCodeCap, with a combined win rate of 72% for both their spot and margin channels. Note that we don’t have the signal results for VCT from April.
1) Fat Pig Signals
- Telegram Signals
- Bitmex Signals
Fat Pig Signals have scored an unbeatable 100% win rate in April, taking the first position. They issued only nine signals compared to UCS’s 25. This win rate looks great, however, when it comes to the number of signals, UCS has taken the game away from them.
2) Universal Crypto Signals
- Telegram Signals
- Bitmex Signals
Universal Crypto Signals were absolutely ruthless in April. It was a month when most signal providers were really miserly about sending out signals due to market volatility. But these guys went out there and absolutely nailed it. They demonstrated their reliability once again in April with a 96% success rate in their signals. This highlights their professional expertise in the field.
Last month, we mentioned that an increase in the number of signals could keep subscribers engaged and satisfied. UCS did exactly that and issued a whopping 25 trade signals in April.
Beware of scammers trying to impersonate reputable signal providers’ admins! You might encounter a scammer impersonating Saviour from UCS, it’s better to confirm their official Telegram usernames before having any conversation.
3) CoinCodeCap
- Telegram Signals
- Discord Signals
CoinCodeCap secured the third position with a 72% success rate in their signals. Out of the 34 signals issued jointly by their Spot and Margin channels, 24 generated profits.
4) Sublime Traders
- Telegram Signals
- Discord Signals
- Bitmex Signals
Sublime Traders have a win rate of 74% on their Futures channel, placing them in the fourth spot. Their Futures channel has maintained its performance from last month. That’s a very healthy score given the number of trades (20). We didn’t receive any data for their Spot channel which brings them down to the 4th spot rather than the third.
5) OnwardBTC
April was no different for the folks at OnwardBTC. In April, they had a relatively similar win rate of 46% from last month, which was 42%. They’ve performed in a similar fashion in the last few months. They’re still not profitable so have a long way to go, but the 86 trades in one month is something to applaud.
April Signal Results – Final Thoughts
April was quite an eventful month in the crypto world. Considering these market conditions and developments, it was really interesting to analyze the performance results of our crypto signal providers for April. Apart from being eventful, it brought about a lot of volatility too which is great for us checking out the reliability of our signal providers. Our top performers UCS and Fat Pig Signals came up with perfect results once again. This proves that they’re worth counting on no matter what the market is like.
