How to pick the right moment for trading?
In fact, the success of a trader depends on three components - what to trade, how to trade and when to trade. We’ll tell you how to enter a deal on time using trading signals.
What are trading signals used for?
Asset prices on the cryptocurrency market are constantly fluctuating - they are rising, then falling sharply. Anything can affect such jumps: criticism of developers, unsuccessful partnerships, changes in legislation or strange behavior of traders on the market. A trader physically cannot keep track of all factors, therefore, he uses trading signals - recommendations about profitable points of purchase and sale of cryptocurrency.
Signals are formed based on fundamental and technical analysis.
Fundamental analysis is a study of the developers' reputation, the coin capitalization, the trading volume, the price volatility. Analysts also study news in the media and social networks. Such an analysis helps to evaluate the price of a cryptocurrency and determine whether its course matches the current market situation.
Technical analysis helps to evaluate other parameters - the direction of the trend, the range of fluctuations and the time periods in which the price jumps. The analyst builds a chart of a currency pair using various indicators and compares the parameters with the data of fundamental analysis.
You can receive trading signals in a signal chat - they are prepared by experienced analysts. Signals help beginners not to lose the deposit, while experienced investors save time on analysis. In the Cryptorobotics terminal, Profit and Expert packages users can join the signal chat.
How to work with trading signals
In the Cryptorobotics signal chat, we give specific values for buying and selling a specific coin - when to enter the market, when to stop trading, what values to input in a stop loss. A trader receives a signal and sets parameters in the terminal.
Trading signals are designed for trading altcoins to bitcoin (ALT / BTC) and consist of four parts:
Coin ticker — coin’s name. In the Cryptorobotics signal chat, the ticker is highlighted with #. By hashtag, you can find all trading signals for a particular coin.
Buy price. Here we define the precise entry point or buy range. It is difficult to forecast an entry point with 100% accuracy so analysts set the range.
Sell price. 2-3 purchase goals are indicated immediately - depending on the risk level of the strategy.
Stop Loss.
The closing level, it should be tracked on a 4h or daily chart.
We publish Cryptorobotics signals several times a week. This is not that much but it is more important for us to publish precise information.
Good luck and profits!