The crypto trading market is highly volatile and unpredictable. All this means that the traders have to watch the market trends continuously to identify potential opportunities to earn profits. This is where crypto trading signals can help you out. Trading signals provide greater opportunities to the investors to buy or sell crypto assets.
Crypto trading signals can boost the trading accuracy and bring success in the trades. That’s why crypto signals have become important for traders, particularly in the volatile environment. The crypto signal providers send notifications to the traders on which crypto coins to trade and when to place trades. Let’s understand about this in deep:
Table of Contents
What are crypto trading signals?
Well, these are the recommendations to enter or close any trade generated by analysis.Professional traders and strategy developers send signals to the traders via different methods. Some signals are free and some are paid.
Trading signals could be human-generated using technical indicators or they can be generated using algorithms based on market trends. Trading signals are the triggers based on a pre-determined set of criteria to buy/sell assets.
If you are a newbie and can’t handle technical analysis or can’t decide if it’s a good idea to dive deeper into the technical analysis, crypto trading signals can help traders out in a better way. Growlonix is one of the best crypto trading platforms offering the best crypto trading signals to traders to help them make the right trading decisions. All you need to do is to choose the coin you want to buy/sell and if it’s the right time for that.
Signal trading bots are also getting popularity as they will help you to place orders automatically just after receiving the signals. Traders can receive crypto signals via Telegram, email or text messages. The best crypto trading signals Telegram are sent via telegram groups in real time. These channels provide signals for trading on several exchanges like Binance, BitMEX, OKX, etc.
Generally, crypto trading signals follow a 4-step process:
- Action: Buy/Sell
- What coin to buy/sell
- Take profit/stop loss order
Buy/sell crypto signals
Reading crypto signals is quite easier for people who have basic knowledge about the crypto trading world. Crypto trading signals are trade ideas with a set of instructions sent by the signal service provider to the follower instructing about which crypto coin to buy and at what price to buy. These are the buy signals with no take profit targets. Followers have to copy the entry price and then decide where to take profit. There are signal providers which offer sell signals during downtrends which means the traders will copy the sell position and then let the trade run.
Buy signal example
BTC Buy $15,500
Crypto signal shown above is simply instructing the traders to buy Bitcoin at $15,500 without issuing any take profit or the stop loss target. The trader can buy BTC at this price or as close to it as possible.
Sell crypto signal example
ETH sell $5000
This is a sell crypto signal which instructs followers to sell Ethereum at $2000 with an open stop loss and take profit values. If the price moves down, the traders can place trailing stop loss. If the price goes up, the trader should close the trade above a major level say $2500 since the area below $2000 is a decent resistance for ETH.
Full signal example
1.07.2023/ 19:46 BUY BINANCE ETH/USDT 1567.24, tp 1661.54, st 1490.78
Crypto trading signals are received in a standard format. The message specifies:
- Exchange where the signal work (Binance)
- Cryptocurrency pair (ETH/USDT)
- The recommended buy price (1567.24)
- Take Profit – the price level at which the cryptocurrency can be sold (1661.54)
- Stop-loss – the price level at which a digital coin is sold if its rate begins to fall (1490.78)
The signal line may appear different in different signal sources. These should be used immediately upon receiving them. Experts advise not to trade on these signals 5 minutes before the start of a new hour. Make sure to follow the latest news and remember that any event may bring down the rate of cryptocurrency.
Growlonix – One of the best crypto trading signals providers
Growlonix is one of the best crypto trading signal providers aiming to make your trading journey much easier and comparatively less stressful. You will get the best trading signals to help you improve your trading experience. What makes it the best signal provider involves:
- Advanced trading functionality
- Best value
- Simple user interface
- Accessibility on several exchanges
TradingView signals are provided by this platform via telegram groups or channels. These signals are based on advanced technical indicators. Crypto signals are provided through telegram channels. The contents of the channel are updated so often and there will be a link to the website holding further information about the specific coin. Make sure to choose the channel /group wisely before considering the advice from the signal groups.Whenever you join a crypto signal group, you will receive signals in the following ways:
- Information on a specific cryptocurrency
- Time to buy/sell
- The point to set stop-loss in case the trade doesn’t go well
Growlonix keep track of the top telegram channels which provide crypto trading signals to the traders. And, as soon as the trade signal appears on the telegram channel, it triggers the telegram signal orders immediately. In this way, the trader will be informed quickly and they can either place the trade manually or automatically.
These signals work well for both beginners and the expert traders. So go ahead!
Conclusion: Well, trading via the best crypto trading signals has become the most popular and profitable method providing new ways and opportunities to the traders. Trailing Crypto trading signals are offered to the traders via telegram groups after researching well about the market trends and technical indicators.