Cryp Trade Capital - Trading Report for period ended 16/06/2017--30/06/2017
RESULTS
Trading sessions were completed at the main crypto-exchanges at 6 p.m. on 30/06/2017 (Madrid) and in accordance with the established regulations; the Analytical Department of CRYP TRADE CAPITAL has prepared a report for the trading period from 16/06/17 to 30/06/17. The total net profit from the turnover of investment portfolios during the trading period comprised +26.18%. All partners and investors were accrued interest according to corporate conditions.
TRENDS OF THE MARKET
The passed trade period was marked by the correction of the whole market of cryptocurrencies from its peak historical values, which was foreshadowed by a strong overbought after the global growth and a number of news, which influenced the depth of correction. Thus, Bitcoin continues staying in the channel of the support level, which, according to the analysts, can be retained throughout the next month, up to the news related to the activation of SegWit, scheduled for 01.08.17. In connection with this, the company’s traders used the active capital strategy.
Over 172 deals on buying/selling in a pair of BTC/USD in the corridor of $2282 - $2624 were completed, which earned 8.91% of the profit.
In its turn, Ethereum was marked by a price drop of more than 30% in this trading period, which provoked losses of many investors trading short positions. The technical side of the ICO Status was the first negative factor that caused the fall. The Ethereum network did not cope with the loads, which led to delays in transactions, despite the increased commission of gas. Later there was news in the network, which stated that the founder of Ethereum, Vitalik Buterin, was killed in the accident. Despite a quick confirmation that this news was fake, the level of $300 was breached. From June 17 to June 20, the company’s traders carried out 154 transactions for the sale of ETH in the corridor of the pair ETH/USD $365 - $337 and in the pair ETH/BTC 0.142 - 0.138 BTC, which enabled recording high profits and making a successful purchase of the coin in the drawdown, increasing its volume by 14.37%.
FUTURE CAPITAL STRATEGY
June 16, 2017, a new department was created within the Trading Department of the Company – the Department of Perspective Startups. Unlike the main trading strategies that guide the company when multiplying investor funds in capital-intensive altcoins, the Department will analyze prospective developments entering the market, as well as the possibility of investing in undervalued but technologically powerful altcoins with the prospects of multiple growths. No more than 5% of the total investment capital will be located in the turnover on Future Capital’s strategy.
Thus, AntShare (ANS) was acquired by the traders of the company in the corridor 0.00060 - 0.00072 BTC and then partially sold at 0.00520 BTC with further re-purchase, which allowed generating more than 1100% of the profit. ANS – the first Chinese blockchain, which has prospects for cooperation with the holding company Alibaba Group. A serious rebranding and external capitalization were announced at the end of June.
Altcoin Gnosis (GNO), purchased at 0.0743 BTC, showed growth to 0.1603 BTC for 3 days, which allowed traders to double their capital with subsequent retirement. GNO is a platform of predictions (similar to Wings), based on the blockchain of a new generation.
The Department also reviews and analyses the most promising ICO. We invested in the first round of the ICO EOS, which, a few days after the end of the round, already traded at the KRAKEN exchange 600% higher than the presale price. At the moment, the team is analysing the prospects for participation in ICO Tezos.
Traders of the company closely monitor the situation on world crypto-exchanges. In the near future, interesting events are expected at the cryptocurrency markets. They are already predicted by our team and are likely to bring profit to all investors and partners of the company.
Best regards, Analytical Department of CrypTrade Capital