This post is also available in:
Português
April 2023 was an eventful period in cryptocurrency, marked by several major developments across the market. One important milestone was the Ethereum network upgrade on April 12, which enabled staking withdrawals and attracted significant attention from traders and investors. Readers can also explore our previous March 2023 crypto signal results, browse the complete monthly crypto signal results archive, or compare the best Telegram crypto signals and trading communities tracked by SmartOptions.
At the same time, BTC and ETH experienced notable growth, reaching new yearly highs and posting gains of 2.7% and 2.6% throughout the month. It is also worth noting that the FOMC did not meet during April but was scheduled to reconvene on May 3.
During this meeting, the committee was expected to discuss the possibility of implementing a 25 bps rate hike. At the time, the market estimated an 80% probability of this outcome. While rate hikes have historically not favored risk asset prices, a decision aligned with market expectations could support crypto prices.
In the latter part of April, the Bitcoin market entered a highly volatile period marked by a sharp decline followed by a rapid recovery. During this move, Bitcoin dropped approximately 6%, falling from around $29,700 to $27,696. The sudden movement triggered the second-largest liquidation event of the year, involving roughly $125 million in combined long and short liquidations. These rapid price swings and the market reaction afterward provided valuable insight into Bitcoin’s short-term and long-term price behavior.
April Signal Results 2023
Rate & comment on the providers!
Universal Crypto Signals lost their top spot from the last month. They’ve done pretty well with a 96% win rate. However, Fat Pig Signals make a great comeback with an unbeatable 100% win rate. That said, there was a notable difference between the number of trades issued by both signal providers in April. UCS issued 25 trades in the month and succeeded in making a profit on 24 of them. Fat Pigs Signals, on the other hand, could only supply nine signals.
In the third spot, we’ve got CoinCodeCap, with a combined win rate of 72% for both their spot and margin channels. Note that we don’t have the signal results for VCT from April.
1) Fat Pig Signals
- Telegram Signals
- Bitmex Signals
hasFat Pig Signals have scored an unbeatable 100% win rate in April, taking the first position. They issued only nine signals compared to UCS’s 25. This win rate looks great, however, when it comes to the number of signals, UCS has taken the game away from them.
2) Universal Crypto Signals
- Telegram Signals
- Bitmex Signals
Universal Crypto Signals were absolutely ruthless in April. It was a month when most signal providers were really miserly about sending out signals due to market volatility. But these guys went out there and absolutely nailed it. They demonstrated their reliability once again in April with a 96% success rate in their signals. This highlights their professional expertise in the field.
Last month, we mentioned that an increase in the number of signals could keep subscribers engaged and satisfied. UCS did exactly that and issued a whopping 25 trade signals in April.
Beware of scammers trying to impersonate reputable signal providers’ admins! You might encounter a scammer impersonating Saviour from UCS, it’s better to confirm their official Telegram usernames before having any conversation.
3) CoinCodeCap
- Telegram Signals
- Discord Signals
CoinCodeCap secured the third position with a 72% success rate in their signals. Out of the 34 signals issued jointly by their Spot and Margin channels, 24 generated profits.
4) Sublime Traders
- Telegram Signals
- Discord Signals
- Bitmex Signals
Sublime Traders have a win rate of 74% on their Futures channel, placing them in the fourth spot. Their Futures channel has maintained its performance from last month. That’s a very healthy score given the number of trades (20). We didn’t receive any data for their Spot channel which brings them down to the 4th spot rather than the third.
5) OnwardBTC
April was no different for the folks at OnwardBTC. In April, they had a relatively similar win rate of 46% compared to last month’s 42%. They’ve performed similarly in the last few months. They’re still not profitable, so they have a long way to go, but the 86 trades in one month are something to applaud.
April Signal Results – Final Thoughts
April was quite an eventful month in the crypto world. Considering these market conditions and developments, it was really interesting to analyze the performance results of our crypto signal providers for April. Apart from being eventful, it brought about a lot of volatility, too, which is great for us in checking out the reliability of our signal providers. Once again, our top performers, UCS and Fat Pig Signals, produced perfect results. This proves that they’re worth counting on regardless of the market.
