What are cryptocurrency trading signals
Trading signals for cryptocurrencies are recommendations to traders about profitable points of purchase and sale of cryptocurrencies.
Cryptocurrency signals are delivered via specially designed communication channels in chat rooms, social networks, instant messengers or other resources. They are divided into three types:
- open – anyone can get acquainted with the signals for free
- closed – to receive trading signals you need to pay a subscription
- conditionally open – access is granted by registration or other formal action, but most often such channels are paid or fraudulent
Trading signals are the result of detailed monitoring of the market and forecasting the situation. Signals can be insider information from major market players, report cryptocurrency take-offs and drop. They can also be the result of the analytical work of professional traders or a cross between the two methods.
Most people will not want to share potentially profitable information for free, so usually, cryptocurrency signals are provided on a paid basis. But there are channels that give analytics for free.
Trading signal providers can be experienced by investors or analysts who monitor the market and quotes. Based on the data received, they determine trading strategies and moments when traders are better off buying or selling assets.
Many suppliers give signals to only one specific asset or analyze a few of the best. Some work with signals for traders, others give recommendations for placing short-term and long-term investments and signals for selling assets.
In this article, we have compiled for you some of the best providers.
CryptoWolf is the first cryptocurrency market tool. The service was created by a team of experienced crypto traders in mid-2017. At the moment, it is used by more than 7000 active traders.
CryptoWolf offers a wide range of profit signals for various cryptocurrencies and other functions:
- Quality Signals for Altcoins (Binance)
- Signals for intraday margin trading on BitMEX
- Individual consultations for subscribers on all issues related to trade
- Author’s video courses on trading that will help you learn this profession and start earning money from day one
An important advantage is an access to a private chat, where you can get advice directly from members of the project team or discuss ongoing transactions. In addition, traders can use an individual trading system for pending orders, which can be easily checked against past quotes.
The advantages of Cryptowolf are a large number of signals, 85-90% of which are triggered in profit. Among the shortcomings can be called the price of use. However, frequent discounts and promotions solve this problem.
TradingView is a web service for tracking quotes in real-time through any browser. It allows you to track the forecasts of other users or make your own.
It has three tariff plans from 9.95 to 39.95 dollars per month, each of which can be activated in a free test mode for 30 days. Depending on the chosen tariff, users receive different tools for analysis. TradingView has many professional analysis tools and allows you to customize the signals as you wish.
Among the advantages can be called free use for 30 days, of the disadvantages – the price.
CoinMarketAlert is an online platform that provides convenient tools for tracking the cryptocurrency market. CoinMarketCap data can be divided into two categories:
This category includes informing about changes in the value of a particular cryptocurrency and possible profits and losses.
One dollar is foreseen per month and additionally informs the trader about changes in trading volume, market capitalization and the issue of new coins.
Users are informed of all important changes in the market through email, push notifications or telegrams.
Bitcoin Ticker Widget
Bitcoin Ticker Widget is a smartphone application in which you can track the value of bitcoins and litecoins. Users can customize signals and display settings. The widget displays the current price index and price movement for the last hour, and also sends signals of an increase or decrease in the rate. Widgets can be customized and customized. Users can use euros, US dollars, and other fiat currencies to track the value of crypto. You can also set time intervals from 1 hour to 5 minutes. One of the drawbacks of Bitcoin Ticker Widget is that it will be possible to track only BTC and LTC tracks.
The app can be downloaded for free from the Google Play store or the App Store.