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.
Continue reading “Synergy of TradingView and RevenueBot for totally automated workflow”
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.
As the month of July reached the end, it’s high time to catch up on some of the most buzzworthy news over the past month.
Continue reading “The top news in the crypto industry for July”
With the speedy progression of financial markets and related technologies, trading bots are now a go-to tool 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 our platform 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.
Continue reading “From Novice to Expert: Interview with an Experienced RevenueBot user”
RevenueBot is hugely enjoyable for its unique feature – a Volatility Analyzer. What makes our platform stand out from rivals is that this very feature enables our native bots to spot extremely volatile coins on the market in order to open a position in the timeliest manner possible.
Continue reading “Volatility wizard, or How RevenueBot catches profitable cryptocurrencies for you”
As the month of June is about to end, it’s high time to catch up on some of the most buzzworthy news over the past month.
In the ever-dynamic world of crypto and blockchain, more and more unique projects are being launched. One such groundbreaking sector here is PoliFi, where politics, finance and cryptocurrency collide, opening up new opportunities for investors. Among the most vivid examples is $TRUMP, a memecoin themed after Donald Trump, a former US President.
Continue reading “$TRUMP token – a PoliFi pioneer or just a speculative asset?”
Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. In this overview, RevenueBot highlights a few coins to keep track of.
Continue reading “Promising coins #111 – a RevenueBot Editor’s Pick”
AoT enhances artificial intelligence’s decisionmaking through mimicking thought process that of human, improving adaptability and efficiency in problem-solving.
“What about this trading pair?” is a brand new kind of introductory articles created by RevenueBot. You will hear each week about a new pair that has appeared in our top list, judging by the number of deals made on the platform. Apart from the details about the token, let’s check the trading pair through the bot simulation and observe how much the trader could earn using it over the past 60 days.