Cryptocurrency trading signals can boost trading accuracy and success, and that’s why using crypto signals is very important for every trader, particularly in this extremely volatile environment. Crypto signals have become very common nowadays, with the growth of this lucrative market. Cryptocurrencies have become a great investment that has attracted flocks of people who want to get a piece of the share of this market. Although most people don’t really understand the crypto market in depth with all the blockchain technicalities, learning to read crypto signals is important for people who want to invest in the crypto market. Crypto signals are basically trading ideas to perform a transaction on a cryptocurrency asset.

Buy/Sell Crypto Signals

Reading crypto signals is pretty easy for people who have basic knowledge of the jargon used in trading, despite coming in various forms. Crypto signals are trade ideas with a set of instructions sent by a signal service to a follower/subscriber, instructing the trader which crypto token to buy and at what price to buy it. These are called buy only signals with no take profit or stop loss targets, given the massive uptrend in the crypto market. Followers only have to copy the entry price as soon as possible and then decide for themselves where to take profit. Some providers offer only sell signals during large downtrends, which means that followers have to copy the sell position and then let the trade run for as long as it can.

Buy Crypto Signal Example:

BTC Buy $20,500

The crypto trading signal above is pretty straightforward, instructing followers to buy Bitcoin at $20,500, without issuing a SL (stop loss) and a TP (tape profit) target. The follower can buy Bitcoin at the given price or as close to it as possible and if the price goes up, they can either close the trade or place the stop loss at breakeven and let the trade run its full course. If the price falls, then the follower has to decide for themselves where to close the trade.  

Sell Crypto Signal Example:

ETH Sell $4,500

Above we have a sell crypto signal, which instructs followers to sell Ethereum at $2.000. It also has an open stop loss and take profit, which the trader should decide where to end the trade. If the price goes down, then they can place a trailing stop loss or move it at breakeven, which is at the entry level. If the price goes up, the trader should close the trade above a major level, say at $2,200 since the area below $2,000 is a decent resistance for Ethereum.

Reading Full Crypto Trading Signals

Full crypto signals which are issued after full analysis from FX Leaders taders come with stop loss and take profit targets besides the entry level, which includes when and at what price to make the investments, what the tape profit target is, and at what level to place a stop loss, just in case the trade goes wrong. Usually, signal providers who offer crypto signals with all targets, usually are short term crypto signals. The most basic information for a complete crypto signal is:

Full Crypto Trading Signal Example:

Cardano (ADA) – Sell – $0.59 – TP $0.45 – SL $0.65

FX Leaders Crypto Trading Signals

We issue both long term and short term crypto signals, in major cryptocurrencies, which include all the information needed for premium users, including the entry price and the trading history. We believe in technical analysis and fundamental analysis, so our analysts use a wide range of tools and indicators for our trading strategies in order to get the best possible results. Some of these indicators include support and resistance levels, moving averages, candlestick patterns etc. while others include trading the news, the price action and market sentiment as well as trading crypto fundamentals, such as tram projects, trading volume, total value locked in DeFi etc.

Our premium crypto signals are complete while our free signals don’t display the entry price and the trading history, but are very useful nonetheless. Copying our crypto signals is as simple as 1, 2, 3!

Followers have to get in as closely as possible to the entry price once they receive a notification or a signal appears on our page. Place the stop loss and take profit targets exactly as shown on the signal, although they have to decide for themselves about the leverage. We don’t suggest using leverage when using crypto signals due to the immense volatility. In our forex signals terminal, you will find the following information:

Some questions you may have:

Our signals service answers all these questions – and more!