What are cryptocurrency trading signals, their types
Before presenting a list of signal sources for cryptocurrencies, I would like to form an understanding of where they come from in general. I think this understanding is extremely important for choosing a signal source for further probed work with it.
So, all signal sources can be divided into three large groups:
Sources that provide signals on cryptocurrencies based on fundamental market analysis. In this case, analysts form signals based on the analysis of the news background on a particular cryptomontete. Quite often, knowing about an upcoming important event can allow you to earn great money. For example, information about adding a coin to a large exchange can definitely serve to further increase its price. Or an insider about the upcoming partnership of a crypto project with a company from the real sector, or an announcement of the launch of a mainnet or a demo of a product, etc. — all these rumors/news can significantly affect the growth of the price of the corresponding cryptocurrency in the future, and it is this information that sources working fundamentally take as the basis of the signal.
Sources that generate signals based on technical analysis (TA). In this case, the authors of channels/services with cryptocurrency signals predict potential growth based on the price movement chart of a particular cryptocurrency. By drawing support and resistance lines, examining trading volumes, determining patterns/formations, etc., adherents of technical analysis form their vision of the further development of events, and therefore can form appropriate signals.
Sources who share insiders. This is, in fact, the rarest type of signal sources for cryptocurrencies. In this case, the information is formed on the basis of knowledge about the intention of major players to artificially raise or drop the price of a particular cryptocurrency (PUMP / DUMP). I.e., you may be warned that in the near future some coin will be actively purchased for some time, which should serve to pick up the trend by other market participants and significant growth prices. As practice has shown, in such cases, coins are chosen little / medium-popular and having a relatively small capitalization. important! In this case, there is a great danger of confusing a high-quality source with the usual divorce in the form of pump-dump groups, of which there are quite a lot now. They apply the same principle, but you only get information when the authors are ready to merge their volumes. Thus, it is not you who earn money, but on you. I repeat that there are not many high-quality informants of this type on the market. Actually, this is due to the concept of their work.
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