What it is and how to use it

Trading cryptocurrencies can be a profitable venture, but also a high-risk investment. Many traders rely on crypto signals to guide their trading decisions and mitigate these risks. Crypto signals provide valuable information about when to buy, sell or hold a particular cryptocurrency. But what exactly is it, and how can traders use it most effectively? This article explores the basics of crypto signals and provides you with the best channels and groups to join.

What are crypto trading signals?

Crypto trading signals are trading recommendations. They are mostly generated by an analyst or group of analysts who use technical and fundamental analysis to identify potentially profitable trades in the crypto market. These signals provide specific information about when to enter or exit a trade, as well as details about the asset to trade, the entry and exit price, and the stop loss level.

Crypto trading signals are typically distributed via various channels such as Telegram, Discord or email. It is used by traders and investors to gain a competitive advantage in the market and to help them make more informed trading decisions.

How to read crypto trading signals

Reading crypto trading signals can be complex and requires some understanding of the market and of technical analysis. However, here are some basic steps to follow:

Find the entry price: Trading signals typically include the entry price (the recommended price to buy or sell a particular cryptocurrency). Check the stop loss price: The stop loss price is the price at which you should exit the trade if the market moves against you. It is a risk management tool that helps limit your losses. Look at the take-profit price: This is the price at which you need to exit the trade to make a profit. Breakeven prices are typically higher than the entry price. Analyze the market sentiment: Trading signals often come with a market analysis that explains the trade’s reasoning. Reading and understanding this analysis is important to making an informed decision. Consider Technical Analysis: Crypto trading signals are often based on technical analysis, which involves studying charts and patterns to predict market movements. If you are not familiar with technical analysis, you may want to do some research to understand it better. Monitor the trade: Once you have entered the trade, it is important to monitor it carefully to ensure that you exit at the right time. Watch the market and be prepared to exit the trade if the market moves against you.

It’s worth noting that trading signals are not a guaranteed way to make a profit, and it’s important to do your own research and make your own decisions. However, crypto trading signals can be useful if you are new to trading or want to save time on market analysis.

Where to find crypto signals?

You can find crypto signals in different crypto communities and from a multitude of sources. These include Telegram groups and channels, Twitter accounts, signal provider websites, TradingView (a social network for traders), and cryptocurrency forums.

It is important to note that not all sources of crypto signals are reliable, so it is important to do your own research and due diligence before following any signal provider. It is also recommended to start with small amounts and always manage your risk by setting stop-loss orders.

To help you get started, we’ve selected the best free and premium online groups and crypto communities that offer crypto signals.

1. BeInCrypto Premium Channel: crypto trading signals from BeInCrypto Pro traders

Searching for reliable crypto trading signals can be challenging, but we’ve got you covered! Our team of professional traders share regular free signals in the BeInCrypto Premium channel on Telegram. In fact, our signals performed exceptionally well in January 2023, with a total performance of +183.28%!

Example of a crypto signal:

StormGain exchange offers a convenient solution for cryptocurrency trading through their crypto trading signals powered by ChatGPT.

The feature provides traders with recommendations for trade direction, entry price and “take profit” and “stop loss” parameters based on your chosen trade volume and leverage.

This exclusive feature is only available on the StormGain mobile app. To access the signals, select “with signals” in the “trade” tab and select from a list of available instruments marked with a special icon. Simply click on your preferred cryptocurrency and open the trading window to use the signal.

How to start getting free signals on StormGain from ChatGPT:

Join StormGain with THIS LINK Navigate to the “Signals from ChatGPT” tab Select the signal Click Open Trade

TradingView is a widely used technical analysis tool among traders in various markets. With its integration with major cryptocurrency exchanges, TradingView has become a popular platform for charting and analyzing cryptocurrencies.

While online charting tools are available to both free and professional users, a free account provides access to professional tools, but with a limit of three technical indicators and overlays per chart. It is a great platform for beginners to start learning the basics of technical analysis.

Users have access to trading signals from various crypto experts. These experts and traders provide technical analysis of charts, crypto signals and forecasts through their posts in the community. It provides a convenient way to access multiple tools in one place.

How to start getting crypto signals from TradingView:

Register on TradingView using THIS LINK and get a discount of up to $30 after the first purchase. On the main page of the TradingView website, go to Community > Scripts > Indicators.

Scroll down until you see the posts with signals.

Select the signal and click on it. In the post, you can see an embedded TradingView chart with the user’s comments. You can see hashtags that can be similar posts, exchanges, tokens and strategies. Remember to check the time of the post and ensure you are not following old crypto signals.

4. Once you see a good signal, it’s time to go to the exchange and buy/sell tokens to make a profit!

In order to use trade view signals, you need to login to a crypto exchange to trade. Below is the list of our top choice platforms:

Kraken

210+ cryptocurrencies. Low commissions with Kraken Pro from 0% to 0.26% per trade. Margin trading with up to 5x leverage. The minimum deposit is $10

OK

300+ cryptocurrencies 100% APY by staking certain cryptos. A built-in trading bot with seven different automated strategies Guaranteed skyfall up to $10,000 for the first deposit over $50

Crypto signals do not guarantee profits, but can provide insightful trading increases

Ultimately, generating profit from crypto trading signals is never guaranteed. The market is dynamic and often unpredictable, so it’s never worth investing money you can’t afford to lose. However, online crypto communities that offer reliable trading signals, such as those listed in this article, can provide a welcome boost to well-researched trading strategies.

Frequently Asked Questions