Before you become a seasoned trader, you will need to spend a lot of time learning how to carry out technical analysis. Such an analysis can help you perform advanced research and use various indicators to predict the direction in which cryptos will be moving. You must then master how to use various tools such as MACD, RSI, and moving averages. They are vital tools which allow you to predict the direction the asset price will be moving accurately. But it may take you many months, if not years, to master technical analysis. Must you wait until that time before you commence trading? Obviously, no. You can simply use Telegram Crypto Signals to trade cryptos.
These are suggestions from professional traders concerning buying and selling of crypto assets. The suggestions will tell you the time and the price at which to buy or sell an asset. They are predictions based on the market situation or after carrying out technical analysis.
Of course, it will take a bit of your time to master how to use the technical analysis method. It may stop you from making money from the crypto market. Also, it may make it difficult for you to trade and make some meaningful profits. Besides, you are likely to blow through your account if you do not incorporate the technical analysis knowledge which may make you lose your investment. Therefore, below are the advantages of these signals.
Earn and learn at the same time
Signals providers will explain everything that you need to do to reduce the risks. They will help you to correctly choose the cryptocurrencies to pair. Also, it allows you to get real-time customer support. It means that you will receive a chart that explains how each suggestion is arrived at. This way you will earn money and while learning how to trade – 2 birds with 1 stone!
Real time, 24/7
Telegram ensures that you receive the signals in real-time. Meaning that you will not miss out on any opportunity to make a profit. Telegram also allows you to set a custom notification meaning that you will get notified as soon as a signal is released. Interestingly, you may pick a notification sound that is different from the rest. Therefore, as soon as you hear it, you will be able to open the app and place the recommended orders.
Can be integrated with brokers
Depending on your broker, you should receive signals, which allows you to head straight to your platform and use the suggested orders. But you must use the stop loss to protect your capital. Notice that the crypto market is highly volatile, so you need the signals to trade confidently.
Can be used with other strategies
If you are just beginning, you will need to choose a suitable trading strategy for beginners. Besides, you will need help from free online charting tools such as Yahoo Finance, StockCharts, and Tradingview paid indicators to succeed in trading cryptos. These are vital tools that will give you supportive details to allow you to trade crypto confidently. Here are some of the best strategies you can use to benefit from signals:
It is a popular strategy that allows you to invest part of your money in any chosen cryptocurrency. It allows you to divide your capital into small parts but choose the appropriate time to buy the asset. You can spread buying the same asset for a range of, say a month until you invest all your money. Doing this protects your capital from a sudden fall in the price of the asset. It allows you to get more for your money compared to anyone who chooses to invest the entire capital in an asset.
It is a good strategy for beginners since it can be automated using bots. So, a trader deposits funds in the account and tells the bot what to buy and the time to do so.
RSI Divergence Strategy
It is a technical strategy that can be used by timing trend reversal. It happens when the price changes direction. It may start moving from downtrend to uptrend and vice versa. When the oscillator is below 30 percent, the asset is undersold, while when it is above 70, it is overbought.