The use of trading signals is becoming an increasingly popular method for making a return trading cryptocurrency. During the bull-run of 2017, trading crypto was relatively straightforward – invest in any crypto and it was more likely than not to increase in value, thus making you return. However, with the price of Bitcoin and other currencies stagnating, it’s become harder to judge what the correct trade might be. However, trading signals may be a lucrative solution. This article will take a look at the top 5 Binance trading signals group on Telegram.For those who do not know what trading signals are, here’s a quick introduction.
Trading signals are calls sent directly to you indicating which cryptocurrency to buy. A typical signal would contain the following information:
These trade signals contain all the key pieces of information that you need when wanting to place trades for yourself. If you follow the correct signal, you can often end up making a nice profit:
One important thing to note is that trading signals are often specific to a cryptocurrency exchange. For example, Binance signals are trading signals that can only be followed if you want to place a trade on the Binance cryptocurrency exchange. However, there exists other trading signals that are specific to other crypto exchanges such as: BitMex and Coinbase.Now that you understand what trading signals are and how profitable they can be, we can now get onto the top 5 Binance signals channels on telegram.
Number of Subscribers: 56kFocus/Description: Provides Binance and BitMex signals as well as education content on crypto trading.Approximate Post Rate: 2-3 signals per day.AltSignals is one of the oldest and most well-established signal providers with over 56,000 members in their telegram group. They provide crypto-related signals for BitMex and Binance, as well as their recently launched service providing forex signals. If you want to do more than just follow signals, they also provide detailed but simple-to-understand technical analysis on why they recommend certain cryptocurrencies.
Number of Subscribers: 33kFocus/Description: Provides signals for trading on Binance, Bittrex and BitMex.Approximate Post Rate: 2-3 signals per day.Crypto Signals & Automated Trading provides a wider range of signals for which you can trade on including: Binance, Bittrex and BitMex. The group also focuses heavily on providing research, so its users see the reasoning behind a trade for themselves. They are also transparent in releasing the percentage return their signals generate depending on which exchange the signal is for.
Number of Subscribers: 6kFocus/Description: Provides Binance only signals as well as technical analysis.Approximate Post Rate: 2-3 signals per day.Binance Premium Signals provides trading signals exclusively only for trading on the Binance cryptocurrency exchange. They also provide information on technical analysis indicators such as: RSI, MACD and EMA when justifying a signal. Each signal has the potential percentage return that can be made from the trade as well as the risk percentage.
Number of Subscribers: 3kFocus/Description: Provides signals for trading on Binance and Coinbase PRO.Approximate Post Rate: 2-3 signals per day.Crypto Classics is a unique channel because as well as providing signals for trading on Binance and Coinbase PRO, they also provide in-depth technical analysis focusing only on Bitcoin. As Bitcoin is the largest and most-traded cryptocurrency, Altcoins tend to trade in a similar manner to Bitcoin. Therefore, by understanding the trading pattern of Bitcoin, Crypto Classics uses this to inform signals that they provide relating to altcoins.
Number of Subscribers: 1.8kFocus/Description: Provides signals for trading exclusively on Binance.Approximate Post Rate:One of the smaller trading signal providers, Rocket FFA focuses on providing signals only for those interested in trading on Binance. They don’t post as much technical analysis justifying their trades, but they do post any news updates that may affect any active signals they’ve recommended.
To conclude, trading signals can be a lucrative method of generating greater returns in the cryptocurrency space given how difficult the trading climate has been. Signal providers tend to release signals relating to a specific cryptocurrency exchange such as: Binance, BitMex, Coinbase PRO and Bittrex. This list has taken a look at the top Binance Signals Providers on telegram. You can find out more on these providers by joining their telegram channel.
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