Just trading cryptocurrency is not enough - you have to do it effectively. That's what cryptocurrency information channels are for. Their goal is to try to help less knowledgeable users in mastering the cryptocurrency market.
Timely crypto signals can be effectively traded, earning superprofits. But is it so efficient and productive? After all, if it were, every other trader would be making superprofits by now, just starting to master the cryptocurrency market. And this is far from being the case. Let's find out: trading with the help of channels is as productive as they say, or it's just a common trick for beginners.
We should keep in mind that the crypto-signals that are fed in Telegram channels are not the same. For example, they can carry different information (buying or warning about growth). There are free and paid signals.
Crypto-signals are a long and hard analytical work of many specialists. But they are sometimes wrong, and the cryptocurrency market is not stable. They cannot be completely trusted, it can be unverified insider information.
The crypto-signals are a long, hard work of many experts, but sometimes they are wrong and the crypto market is not stable.
Predicting the behavior of those or other coins is impossible, as well as to give a hundred percent guarantee that the signal is correct. Free signals have a much higher margin for error.
Cryptocurrency signals are a useful practice. You can use them to discover a little-known but promising cryptocurrency, or learn how to deal with a coin which has been on the market for a long time.
Cryptocurrency Signals
To trade on a crypto exchange, you need to have a strategy. Except that not everyone has one. For example, to make a profit, you can use a common strategy - alternate short-term trading and long-term investments. But even here, not everything is clear. How to choose which coin to sell now and which to keep for later? This is where we need cryptocurrency signals.
These are the result of detailed forecasting of the situation and are necessary for making decisions. If you make such forecasts by yourself, you can misunderstand what is happening in the market. But not everyone can interpret graphical information correctly. That's why crypto signals from professionals look more reliable.
Cryptocurrency trading signals are a symbiosis of insider information about future rate changes for certain coins and cryptocurrency market analysis. More often they are forecasts based on someone's analytical work, less often it is insider information taken from major players of the crypto market.
There is usually a price to pay for cryptosignals, because there is hard work behind them. There are free offers, though. However, using only them, you can't make money on cryptocurrency, or the earnings will be inconstant. These are the only ways to make money on cryptocurrencies.
Subscribing to professional cryptosignals, the trader will regularly receive reliable analytical information. And based on this information, a trading decision can be made. Time will tell whether they will be correct or not. Whether cryptocurrencies are the right ones for a trader, or not.
The cryptocurrency market is very mobile, although the accuracy of signals is also good - up to 80-90%. On such good crypto signals:
- It is possible to reduce risks. This is a useful feature because, despite the possibility of super profits, there is an equally high probability of losing all the money. Using the right signals allows you to protect yourself from many bad trades;
- Transition to automation. The use of signals allows you to do away with all the routine work that traders do not like so much. The user just has to follow the direction given by the crypto signal. At the same time have a lot of free time;
- Removement of doubts. Transactions on the exchange are often associated with an emotional component. Traders don't want to make complex schemes, they are guided by emotions. Because of this, it is not always possible to win. But with a clear guide to action created by a team of professionals, all doubts are cast away, because there is a clear and logically built strategy.
Subscription to cryptocurrency signals increases trader's productivity and income.
Free cryptocurrency signals
Free signals can be a good help in trading, but you should treat them with extreme caution, as free signals providers do not have a strong motivation to provide more or less accurate signals. The maximum accuracy of free signals is about 40% at best.
But there are free signal resources with a large audience that have proven to be useful for trading:
- Uniton.io.
Uniton.io is a former cryptosignals.io which provides trading advice to traders as well as news that signals to the experienced trader.
- Coinproject.info.
The project provides signals to buy cryptocurrencies on different exchanges, forecasts the price dynamics of some coins, announces the events of the crypto market. But now it is more of an aggregator of news and announcements, there are no operational signals on the resource.
- TradingView.
A large aggregator of information for trading with a scrimmer that recommends buying or selling cryptocurrency on different exchanges.
- MQL5.
The platform-aggregator of signal sources where traders can create their own signals.
- CryptoPing.
CryptoPing offers to register an account so that the user can receive alerts when the cryptocurrency price rises by more than 1%.
Paid cryptocurrency signals
Paid cryptocurrency signals are more informative than free ones, the accuracy of signals is unknown, you can meet claims of accuracy above 80%, which is very questionable for the cryptocurrency market.
The problem is that it is difficult for a trader who just starts trading to choose a competent source of signals. There are a lot of resources on this market that just collect money from users, while the information on them is common, accessible and free.
When choosing paid signals, you should pay attention to how long the resource has existed, how large and active the community around it is, and what kind of reviews the site has. With that, you should not trust the reviews 100%, sites can organize a series of positive reviews themselves, and competitors or dissatisfied customers can pay for a series of negative reviews. When choosing a paid signal, you should pay attention to how long it has been in existence and how active the community around it is, what kind of reviews it has.
It is useful to periodically review the ratings of resources of paid signals, which should not be completely trusted, the independence of such ratings is questionable. In any case, the trader chooses a resource at his or her own risk.
The sources of paid signals have very different conditions of cooperation. The demo version of the service demonstrates how it works.
The signals are coming in real time. That does not mean you have to react immediately to every signal, which is a mistake typically made by novice traders who get a signal to buy, for example, and then immediately buy a coin. And it keeps falling in value. The signal is not an obligation, but a proposition worth thinking about and watching the price movement of the coin.
- RXI Team
The service is positioned as a signals and analytics service. The signals are generated on the basis of the insider information, fundamental and technical analysis and are provided as a package with an educational course. Three types of programs from $20 to $600 are offered.
- Uniton.io
Provides monthly and three-month subscriptions for traders who sign up online. There is a demo subscription. The team provides authoring signals for which it accepts payment in several cryptocurrencies and fiat.
- Golden Island
«Independent Investors Club» Golden Island offers signal packages - short-term, medium-term and long-term based on presumably insider information on cryptocurrency. Packages are paid, from $35 to $500.
- Stratton.Trading
Positions itself as «the world's first cryptocurrency insider signals channel». You can subscribe for a month, six months and a year, payment in bitcoins.
Best Telegram Channels with Signals
Trading cryptocurrency signals have become popular among Telegram channels and chats due to the speed of publication. There are many of them now, but not all of them should be trusted.
Some channels with signals are created to make money on gullible subscribers in order to maximize the swing of dumps and pumps, but there are also those that are willing to teach trading and share valuable information.
Pirate Bay
On the channel “Pirate Bay” traders can find cryptocurrency signals for Binance and BitMex exchanges. The channel's administration are true “pirates” they collect signals from paid closed groups and put them in their community for free.
Paying for a VIP subscription users can get access to the confidential insider information. Subscription for one exchange costs 80 USD per month or 250 USD per year. For 500 USD it's possible to get lifetime subscription.
- Link: https://t.me/piratesignal
- Pay: Free, but there are optional extras
- Benefits: Allows you to get signals from closed groups for free.
- Disadvantages: cooperates only with two crypto-exchanges.
BitLis
BitLis is a free channel where you can get trading signals for Binance, Bittrex, HitBTC exchanges. Trading signals are based on the analysis of historical data. The administration of the resource compares different strategies and indicators, thus forming dry statistics of probabilities.
On the channel you can learn the news of the crypto-world. There is a chat for communication between traders, as well as an analytics channel, where the fundamental analysis of various coins and projects is carried out. In the channel you can find the news of the crypto-world.
- Link: https://t.me/Bitlise
- Payment: free
- Benefits: Completely free.
- Disadvantages: No access to insider information.
$10 Buffett
This is one of the biggest cryptocurrency experiments, which has already gained over 170,000 readers. The administration of the channel invests $10 each day in different cryptocurrencies and then shares its successes and failures with its readers. The channel's administration invests $10 each day in different cryptocurrencies and then shares its successes and failures with its readers.
Watching the channel is interesting and useful. It can be compared to practical exercises, because the authors post detailed statistics of their investment portfolio. The channel is a great place to learn how to invest in cryptocurrencies.
- Link: https://t.me/buff_10
- Pay: free
- Benefits: you can get useful practical knowledge
- Disadvantages: no direct trading signals.
Crypto Lion’s
The Crypto Lion’s channel offers trading signals for such exchanges as BINANCE and BitMEX. The channel's signals are capable of making 10% to 40% profit from a trade. If you want to earn even more, you can join the VIP club of the channel, where you can find even more accurate signals + insider information about dumps and pumps.
- Link: t.me/Crypto_Lions
- Payment: conditionally free
- Benefits: recordings are released regularly.
- Disadvantages: none.
SignalExpert
The SignalExpert channel administration is trying to provide a favorable environment for beginners in trading, but does not provide financial consultations and is not responsible for any losses. But there is a lot of useful information on the channel as well as screenshots with charts indicating the necessity of entering or exiting the market.
- Link: t.me/signalexpert .
- Pay: free, for premium subscriptions please contact the management.
- Benefits: you can learn the best entry and exit points from the screenshots.
- Weaknesses: There is no support for Russian language.
Use or not to use cryptocurrency signals
Till now, traders who have not understood and accepted the realities of modern crypto trading are looking for a magic pill that will help them earn. No one guarantees you profits using cryptocurrency signals.
Trading on signals is possible, but trading cryptocurrencies requires maximum immersion - reading blogs, watching videos, communicating in communities and constant learning.
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