7 Reasons Why RevenueBot is a Rising Star in Automated Crypto Trading Market

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As crypto gains ground, more and more traders are resorting to automated trading solutions which are considered great time savers and highly efficient in handling transactions. There exists one such platform that is now coming under the spotlight – RevenueBot! In this article, we are to cover the core drivers of what makes RevenueBot stand at the forefront as hands down leading platforms for automated crypto trading.

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On RevenueBot’s dominance over top exchanges’ native trading bots, or Cranking up the workflow automation

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Here in the cryptoverse, this trading automation thing is pivotal in achieving success. As various trading bots emerge, investors unlock the opportunity to technologize their strategies and mitigate potential risks. Not all bots, however, are equally efficient. In this brief article, we address the reasons why RevenueBot is actually outperforming the built-in bots of the leading exchanges, as well as discuss how we step up your workflow automation.

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RevenueBot Steps Up the Game in Automated Trading

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Here in the cryptoverse, automation is pivotal in reaching the loftiest heights. Our platform is among the leading ones (if not the best) in this field. Year after year, RevenueBot is growing more powerful and functional trading tool than ever. In this article, we run through how RevenueBot has reshaped over time and highlight the newly unveiled features aimed to automate your trading workflow.

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From Novice to Expert: Interview with an Experienced RevenueBot user

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With the speedy progression of financial markets and related technologies, trading bots are now a go-to instrument for a large number of investors looking to streamline their trading strategies.

In this article we will take a closer look at the world of automated trading through the eyes of a seasoned user of RevenueBot and discuss some of the challenges they encountered early on, their approximate monthly income, as well as check out a couple of tips and tricks for beginners. 

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Synergy of TradingView and RevenueBot for totally automated workflow

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In the world of finance, automation of the trading process on the markets is gaining more and more popularity. Here they are, two powerful tools that bring you closer to such a strategy – TradingView and RevenueBot. In this article, we address how exactly these platforms can cooperate to achieve this goal.

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Bitcoin Outlook: The Worst Week Since FTX

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Friday brought unfavorable data from the US: non-farm employment in July was almost halved to 114,000, manufacturing orders fell by 3.3%, and the unemployment rate increased from 4.1% to 4.3%. These figures were significantly worse than forecasted, indicating a possible onset of a recession in the world’s largest economy.

Financial markets worldwide reacted negatively to the emerging risks. The Japanese Nikkei index was particularly hard hit, also pressured by the first key interest rate hike since 2006, to 0.25%. It fell by 11.1% over the week.

Investor risk aversion did not go unnoticed for BTC either: its weekly drop was 13.2%, the worst since the collapse of the FTX cryptocurrency exchange in November 2022. The decline continued on Monday, with the maximum drawdown from the record high reaching 30%.

Nevertheless, when analyzing Bitcoin’s prospects, additional factors must be considered. Firstly, the market has been pressured in the last two months by the return of 96,000 BTC ($6 billion) to former Mt. Gox clients and the sale of 50,000 BTC ($3 billion) by the German government. Secondly, Bitcoin has always been and remains a highly volatile instrument, and the current correction is still within the normal fluctuations of a growing market. In previous bullish cycles, maximum drawdowns reached 40-60%.

Macroeconomic factors remain favorable: the reduction in supply due to the halving, the recognition of BTC as an investment asset, and the growing number of companies with crypto reserves. It’s also worth noting the likelihood of a Fed rate cut: rising unemployment could prompt the regulator to accelerate monetary policy easing. Currently, the probability of a 0.5% rate cut in September is 78%, up from 30% last week.

The size of the Bitcoin correction is within typical bounds and would have been significantly smaller without the impact of internal factors such as government coin sales. However, the situation could worsen if US spot ETF investors, who have accumulated $17.7 billion, react negatively to the latest news.

If there is no mass exodus from ETFs, the US government does not begin selling its reserve of 204,000 BTC (~$11 billion), and there is no panic in financial markets, Bitcoin could return to growth and reach a new price high by autumn. 

Important: RevenueBot does not provide financial advice; the information is for informational purposes only.

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