Signal Results in June were lackluster, at least not as rough as the prior month. Many signal providers pulled back on the number of trades they did. This helped overall to reduce losses for members during this consolidation for the market in June.
We are solidly holding around the low 30k range, as we move away from summer we could see a large rebound in the next few months. With a 50-60% retracement in BTC and other cryptos, the market has leveled out. Accumulation by big FUDsters promoting the negative while all buying makes for an interesting mix. All news channels will promote the negative stories and this manipulative environment we are in is to be expected. Move the dumb money out of crypto and put it into the hands of the rich and institutions who now understand the volume proposition going forward.
Monthly Signal Results
1) Universal Crypto Signals
June was no friend to UCS but at the same time no enemy. With the general market being very unwelcoming they were able to hold on in the signal results for June to their 100% win rate. By hook or crook, UCS members faired far better than most during the red tide of last month’s crypto onslaught.
2) Fat Pigs Signals
Fat Pigs have done very well again considering the rough summer market. Signal results in June were not as bad as what happened in May, with a membership dropoff that caused the Pigs DEFI picks to cook their bacon a bit. Still slow and steady wins the race, and the Pigs are making their comeback with good signal results for June.
3) Verified Crypto Traders
VCT results are a tale of two worlds really. The head trader with over 30+ years of experience has been looking for a drop for the summer which happened. Yet the other scalp/swing trader decided to trade his setups even with the predominance of bearish signals, thus causing a rift in the signal results for June. Still overall we did notice the rebound and customer growth again returning to VCT.
4) Onward BTC
Onward BTC shows the difficulty of the summer bearish markets, with results tilting more to the red. Many traders like Onward are in similar boats as the market is no friend to the technical trading crowd and this has proven itself stead in the signal results of June with onward as well.
5) Sublimetraders
Sublimetraders took it on the chin this month with more red trades than green. A real shocker as many other technical traders have reported. Signal results in June were no joyride, but Sublime we are sure will be back in the black when the red tide of summer ends.
6) 4C-Trading
4C-Trading all one can say is ouch, across the board they were hit harder than normal. As the risk-reward of their bot traders collapsed in a cavalcade of losses. Signal results in June for 4C-Trading in a word was “PAIN” Not all is lost as 4C-Trading we hear working on new bots as we speak. So we will stay tuned and wish them the best as the recent losses were hard to stomach for most.
7) CoinObservatory
Once again we can’t compute CoinOBservatory in the list of results as they still do not provide the data we need. Oh well, maybe one day soon!
Conclusion for June…
A mixed bag where some recovered and others faltered in the summer bear. We see the market volatility and speculation reduced with many of the new mania/noobs being ejected quickly. This again will likely put the crypto into the hands of real investors/hodlers once again. Giving us the option to have a very interesting fall/winter in our view 😉
We can’t predict the marketplace moves but with all the China/regulatory FUD and miners running for cover in this tough period of the crypto market. Well, one thing is for sure, the west is going to capitalize on the selling from weak hands in Asia to stronger hands in the U.S. as we can not many stories of similar elk.
Thanks for your blog, nice to read. Do not stop.