AltSignals Year-In-Review With New Record Profits For BitMex Users

The crypto trading signals provider AltSignals has closed a very profitable year for users of BitMex and Binance. FX traders were also able to enjoy a very good year of trading activity. Before starting this article, AltSignals provides crypto trading signals through Telegram and it also allows users to have an in-depth market analysis of cryptocurrencies.In this article, we will share with you which were the most important achievements of AltSignals and how they helped users improve their trading strategies over time. Moreover, trading with AltSignals provided large profits to many users in the space.

Cryptocurrency Market

In 2019, the market experienced two main trends. During the first part of 2019, the market started to go out of the bear trend in which it was in 2018. While 2018 was a very hard year for Bitcoin (BTC) and other cryptocurrencies, 2019 started as a promising year for a wide range of digital assets.Litecoin (LTC), Bitcoin (BTC) and Binance Coin (BNB) were the virtual currencies that led the market in the first half of 2019. Each of them was pushed higher for different reasons. For example, Bitcoin experienced a price increase from $3,400 to $13,750 in June.

Litecoin led the market due to the narrative around its halving event in August. During the first 6 months of the year, Litecoin experienced a massive price increase that helped investors pay close attention once again to one of the oldest and best performing cryptocurrencies in the world.Meanwhile, Binance Coin was pushed higher to over $39 due to the different partnerships signed by the Binance cryptocurrency exchange and how they were able to expand the use cases of the BNB digital asset. Moreover, Binance released new products and services to the market such as a blockchain network, the Binance Launchpad to release Initial Exchange Offerings (IEOs) and the Binance DEX.

Nonetheless, the gains were erased in the second half of 2019. Indeed, Bitcoin fell below $7,000 several times in the last months, Litecoin reached $39 and Binance Coin fell below $15 for a short period of time.Since June, the market is waiting for Bitcoin and other digital assets to start growing again and this 2020 could be the moment in which Bitcoin surpasses its previous all-time high.

Despite that, AltSignals has been very profitable in both the first and second part of 2019. The team behind AltSignals provides profitable trading signals for users in the cryptocurrency market.

AltSignals Year-In-Review

BitMex traders following AltSignals started the year (January 2019) with a win rate of 82% and a total profit of 1350%. The best month of the year was December with a win rate of 92% and a profit of 4875%. The worst month for BitMex users following the AltSignals crypto trading signals group was October 2019 with a win rate of 84% and a total profit of 1257%.There was no negative month for BitMex users, which were able to trade with leverage and with a nice number of trading pairs.

AltSignals 513 signals to enter and leave the crypto market. 416 of these signals were winning trades, meaning there were 81% profitable trades for users in the last entire year.AltSignals has also started to offer Forex signals for other traditional trades that also undertake their activities in other markets rather than the cryptocurrency space. Trading with the FX market is also very positive for crypto traders that want to expand their activities outside the blockchain space because the markets are not related.FX signals started to be provided in October 2019.

AltSignals shared with users 69 trading signals of which 55 were profitable. That means that almost 80% of the trades were winning trades.Regarding Binance trading signals, it is worth mentioning that the winning rate and profits are usually smaller than in the BitMex exchange. The main reason behind that is that Binance has a larger number of trading pairs and on the BitMex platform, the team of AltSignals trades with leverage.

AltSignals provided 582 signals for Binance traders in 2019. Users experienced a winning rate of 72% throughout the whole year.AltSignals works in both bull and bear markets, meaning users should expect gains and profits in unfavourable bear markets and also in bull trends. This is certainly positive because holders tend to lose large amounts of funds in bear markets such as in the second half of 2019 or the entire 2018.

Conclusion

AltSignals has been working in order to offer crypto and FX trading signals to users from all around the world in different market conditions. The results were very positive in 2019 and they are expected to continue and remain growing in 2020.

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.