Here is the latest trading signals statistics update covering September 15-21, 2020!
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Headline Numbers
Our algorithms generated over 75 signals in 7 days across the various strategies.
That’s an average of 11 seed signals closing every single day for our members all around the world.
When you break down the winners and losers we saw 60% of them hitting at least target 1!
That’s 45 out of 75 signals offering up at least some profit potential! 40% (30) of our signals generated and vetted by the experts went directly to stop-loss.
September sadness strikes again!
The month of September has historically always been a bad month for Cryptocurrency fans as Bitcoin typically tanks -7% according to a report from Kraken, which would often drag Altcoins down by orders of magnitude.
Bitcoin has been in a confirmed downtrend since September 1st where the price failed to break back through $12,000.
Since hitting a local bottom of circa $10,000 the market became very choppy before rising and then dropping hard again creating less than ideal trading conditions.
For the period of September 15-21, Bitcoin failed to break through a key Fibonacci retracement resulting in none of the trades managing to generate momentum. Bitcoin snapping back to $10,300 meant everyone getting stopped out across the board. It happens!
For those of you affected by the Bitcoin drops, remember to make use of a stop loss. Keep in mind that we also recently made the Breakeven Stop-loss feature on by default to try and assist you all with protecting your funds.
Trading is a long term game and bad days or weeks have to be expected and accounted for. There is some good news though, according to the same report:
“historically, this dynamic has foreshadowed a new bull market”
So keep your head in the game, keep learning and adjust your strategies to account for the current climate. Be ready for the next good run!
But back to the results ...
Our favourite trade over this period came in at the 17th of September thanks to LINKDOWNUSDT. This is the second week this month that we get a high yielding “DOWN” token. We wrote a blog about these DOWN tokens here.
But basically these “DOWN” tokens aim to generate leveraged gains when the price of the coin goes down.
As you’ll see below, the chart goes up for the LINK-DOWN trade, but the real value of the LINK coin is actually dropping.
It was a small window for the entry zone, which lasted only a few hours before hitting Target 1. After hitting targets 2 and 3 the trade settled down a bit as it took about a day before hitting target 4. Lucky for us, all 4 targets were hit before LINKDOWNUSDT decided to take a massive dip back near the entry zone!
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
So 39% of all the signals hit target 2 3 or 4!
Why is that so awesome?
Well the average profit from each entry looks like this:
That means the signals have still been generating profitable opportunities but clearly this was a much harder environment to succeed in, especially for beginners!
If you were aiming for Target 2 you would have got there almost 40% of the time for a gain of around 10% depending on your entry. 60% of the time you would have lost 4-6% depending on your entry. This means you still had the chance to gain profits overall if you played it carefully.
Target 1 being hit 60% of the time for an average gain of 6-7% could have also been a viable strategy but it does require you to get a solid entry.
We will be releasing some more video material in the coming days that will show you how you can do just that!
Top 10 Trades
We’ve listed out the other top 10 trades over the period for you too!
LINKDOWNUSDT appears twice as champ and top 5, Making +31% and +24% gains! This is what you would expect, as Chainlink has just been sinking this month. At the time of writing, the coin is sitting at a low of only $8 per coin (last month it was settling in at $15 per coin.) If you have been betting on it going down, then kudos to you!
Special mention goes out to OCEANUSDT, making 23% gains in only a day!
Again not the best week for cryptocurrencies, but we are staying optimistic. Hopefully we will be seeing a new bull market in the (near) future!
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