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Altcoin trading signals are forecasts of professional cryptocurrency signals providers for an altcoin price increasing or decreasing.
The Best Altcoin Trading Signals Telegram Providers 2020:
These are one of the most popular cryptocurrency signals now.
I am sure you saw a lot of altcoin signals providers.
Yes?
And now you don’t know which provider to choose.
Even at Safetrading 90% of trusted providers share their altcoin signals.
In this guide I am going to show you how to choose a reliable altcoin trading signals Telegram provider and how to trade with the help of his signals.
What Does Altcoin Signal Look Like?
One of the first things you need to check before trading is the bitcoin signal components.
Every good crypto signal needs to contain the following elements:
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Cryptocurrency pair
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Term (short/mid/long)
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Entry price
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Targets
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Stop loss
Our best providers include the risk percentage and amount of capital to invest.
Again, those are not frequently used.
How To Choose A Reliable Provider?
And this is actually the first thing you are going to do if you want to trade with crypto signals Telegram channel.
Safetrading lists more than 250 crypto providers, 85% of which share altcoin trading signals.
And we know how hard it is to distinguish between scam and legit providers.
So I am going to share my own tips for you!
I will give you an example.
Palm Beach Signals sell monthly subscriptions for $30 now.
Our trusted provider, Altsignals Trade Calls sells the same for 100$.
What does it mean?
It means that good Telegram crypto signals are not cheap. You can’t pay $30 and be sure you will get really profitable crypto calls.
So if the price is very cheap or vice versa - very high, avoid working with such a provider.
Every provider has its own public channel to share crypto news, sales etc.
But some of them share free Telegram crypto signals as well.
Why?
To attract new users.
To give them a chance to check the profitability before joining the paid group.
And this is gonna help you to check the trading signals Telegram provider's accuracy.
Find a free crypto signal in a channel.
Managed? Good.
Then go to tradingview.com and choose a crypto pair you need (like ADA/BTC, DASH/BTC etc).
Find an exchange you need.
For altcoin trading signals I guess you are going to choose Binance.
And with the help of charts check if the coin reached the targets mentioned in the bitcoin signal.
And pay attention to the term.
If it is written that it’s a short term bitcoin signal, then coin is expected to reach targets in 1-2 days.
I have a lot of experience chatting with providers who simply don’t understand English language.
How will they communicate with their own users?
This is a very big question.
I don’t even want to talk about trading signals Telegram providers who are rude. This is unacceptable.
That is why you should pay attention to the provider's answers.
In this guide about altcoin trading signals it is important to mention that crypto calls during market fluctuations will show you the provider's real level of market understanding.
Remember summer 2019?
All of our trusted providers stopped posting altcoin signals, because the market situation was unpredictable.
Final Thoughts
Altcoin signals are very popular nowadays, that is why it is very important to choose legit crypto signals Telegram provider to trade with.
Safetrading will help you in this difficult situation!
We check all of the trusted providers every 3 months to be sure their signals are profitable.
But in cryptocurrency you should be your own guard and check every future partner before working with him.
My tips above are going to help you in this process!