Best Crypto Signals in 2020 – 2021
If you are looking for the best paid bitcoin and crypto signals in 2021 we have created this for you. We believe crypto signals must be reliable, consistent and generate decent returns.
Crypto trading signals that may be used in cryptocurrency exchanges or directly in a trading platform such as the MetaTrader4 (MT4) or MetaTrader5 (MT5).
The majority of crypto signals focus on Bitcoin and a selection of altcoins where the volatility is extreme. Some altcoins may trade over 500% in a very short period of time.
What Are Crypto Signals?
Crypto signals or cryptocurrency signals inform the trader of the desired price levels for buying and selling. The trading signals are often based on the chart via technical indicators.
Some crypto signals services have created an algorithm that generate the tech levels for buying and selling. In such a system the individuals receive automated signals while the developer maintains the algorithm and keep a track record of its performance.
A crypto signal may appear as:
BTC/USD buy at $35,000
Take profit: $36,320
Stop loss: $$35,900
The take profit is the price the trade or order will automatically close after a certain amount of profit has been achieved. The stop or stop loss is the price where the trade will automatically close should bitcoin reach that level.
Some services split the take profit into three levels (Target A, Target B and Target C). We are less fond of this strategy as a single take profit provides less confusion. The analyst can send updates to the active crypto signals when needed.
How Are Crypto Signals Sent?
There are several ways crypto signals are sent. It is important to know how you will be notified when a new trade signal is generated. Before signing up you must know how you will receive the crypto signals he following are the most popular methods:
There are often 2 groups, free and paid. The free group allows anyone to join and limited amount of signals are provided. If one is confident enough to trust the telegram group he or she can pay and move to the paid group.
You may signup via a website (in telegram there is little need for emails) and receive the crypto signals to your inbox. Superior websites have fast email delivery as technology advances.
A valid phone number must be provided, the crypto trading signals will be sent to your smartphone via SMS. From our experience there is some delay in certain regions when it comes to SMS but some may find it more convenient.
Similar to telegram, the crypto signals are sent in a group on a social app such as WhatsApp, Facebook or even a dedicated app for the signals. Telegram gained greater popularity.
Pro’s of using Crypto Signals
The main benefits of using crypto signals are:
1. A professional does the analysis
2. Saves time conducing the analysis
3. You learn as you go
4. May be very profitable
Analyzing cryptocurrencies can be exhausting as well as time consuming. Having experienced analysts to do the work for you and provide you with buying and selling price levels is great.
If the strategy for buying and selling crypto are given you may also learn how to analyze cryptocurrencies on your own with time.
A professional knows how to handle and limit losses. Following the trading signals may be very rewarding. It is important to know that trading crypto, just like stocks or futures also means incurring losses. One cannot expect to profit on every trade recommendation.
How to Find Reliable Crypto Signals?
Like in numerous markets, when there is large amount of money involved with high demand there will always be scammers. Paying via cryptocurrencies such as Bitcoin or Ethereum is irreversible.
Once the coins are transferred to a scammer you will not see your money back. Of course, some providers or groups have some credibility but you can never know how things will evolve.
It is therefore essential to make sure you have selected the best crypto signal provider or service. One method is some performance or track record. Reliable crypto signals services have their performance accessible to whoever wishes to sign up.
The longer the performance, the more trustworthy the signals are. A performance of at least 2 years is recommended rather than several weeks or month
Some services may provide signals from free indicators or signals that are provided on the web and charge money for them. It is more popular than you might think. It is more difficult to know whether the service is actually employing this technique to make money.
One way to filter such ‘services’ is when the actual strategy for the signals are presented. If you have some experience in trading Forex or CFD’s you should be able to tell whether the signals are genuine and not copied. If you are new to trading there is another way.
If the performance consists of only profits, no losses or minor losses over a long period of time, this is a red flag. An exaggerated high success rate is aimed to lure unskilled traders that are dazzled by the success rate.
While being consistent is great there will always be losses, some times even consecutively. If you do not see periods of consecutive losses, some times even large losses it is your warning signal to look for a more creditable crypto signals provider.
Best Crypto Signals
If you are looking for the best crypto signals in 2021, this is our recommendation for you. The service has been around for some time, has professional track record for these years (mainly in forex) but is now launching its own crypto signals.
DDMARKETS – Best Choice For Forex and Crypto Signals
We at ddmarkets began our forex signals service in 2014, you may view our full performance for more info. Due to the recent volatility in the crypto markets we are applying the very same trading strategies we used in Forex, Commodities and Indices to cryptocurrencies.
If you familiar with technical terms, we exercise reversal and trend continuation patterns via multiple time frames including intraday, daily and weekly charts.
We have tested our analysis on bitcoin and other crypto assets. Very similar to out forex signals, aside the buying or selling price we also provide the estimated duration, potential drawdown and updates on open trades. See how our forex signals work as an example.
Although the crypto signals are fairly new compared to forex signals we have the experience and the knowledge to provide decent results.
How to Start?
Joining the crypto signals is easy, secure and fast. Simply signup for the plan, ensure your details are correct. You will then be forwarded to PayPal to make the payment.
PayPal is an extremely secure payment method, your credit / debit card or bank account’s details are not provided to any third party but remain on PayPal’s servers. PayPal is well-known for its security.
After the payment is made you will receive an email that you have been added to the mailing list and you will have access to the active signals.
For forex traders, you may review the full pricing plans.