Free Signals for cryptocurrencies based on technical analysis
Today, the overwhelming number of traders are actively purchasing cryptocurrencies, anticipating their further growth.
Whatever source of information a trader takes, almost everywhere you can find a recommendation to buy; moreover, some companies have even created funds and are actively buying this asset.
However, if you face the truth, you can understand that all these recommendations are primarily designed for long-term investors, because no matter what market or asset you take, it will always fall and rise.
Cryptocurrencies are no exception, and after almost every sharp growth we can all observe no less sharp pullbacks, from which a trader is simply obliged to make money.
It is worth understanding that a trader is a speculator, so the sources of his signals should be based on technical analysis, which would allow him to take profit from all market movements, and especially in cryptocurrencies.
However, since cryptocurrencies actually do not lend themselves to fundamental analysis and at the same time work well according to technical patterns, not all services are able to analyze cryptocurrencies and give objective signals; moreover, brokers provide only personal analytics, which, as always, sounds ambiguous.
However, clients of the broker Amarkets received one of the most pleasant news - the partner company Autochartist together with the broker Amarkets launched trading signals for cryptocurrencies.
It is worth understanding that trading signals from Autochartist have very high accuracy and flexible settings, and the basic basis is graphic patterns and technical analysis, which have proven to be very effective specifically on cryptocurrencies.
Therefore, if you want to receive signals based on technical analysis, and not simple fortune-telling from the broker Amarkets, you can use the service completely free of charge.
Conditions for receiving signals on cryptocurrencies. Autochartist work
Autochartist service signals for all clients broker Amarkets are distributed absolutely free of charge.
However, in order to use the service, you must have an active trading account, the deposit of which has been replenished with at least the minimum amount for making transactions.
In order to receive trading signals for cryptocurrencies in your personal account, go to the “Services” menu and select “Trading signals”.
Using signals for cryptocurrencies in Autochartist is exactly the same as when working with any other assets.
Once you log into Autochartist from your AMarkets account, you will have seven options available at the very top, namely “Our Favorites”, “Trading Opportunities”, “Volatility Analysis”, “Impact Event Analysis”, “Message and Alert”, “Trading community".
So, let's briefly look at which sections of Autochartist are responsible for what and which ones will be useful to you.
The “Our Favorites” menu contains information on all markets that are present in Autochartist, and the program records only those patterns that have the highest probability of working out, and in the past this pattern worked many times on certain assets.
At the very top above the graph, you can select the probability of the signal triggering, after which you can familiarize yourself with the marking itself.
The “Trading Opportunities” menu contains the trader’s most important environment through which signals are received.
The left column contains grouped assets for which you can receive signals. In the center there is a chart with a signal and an explanation of the action, and in the right column there is information on the quality of the signal, the working asset and the trading time frame, the type of signal relative to the trend (reversal or continuation) as well as key initial data that should be relied on when choosing an option signal processing.
At the very bottom there is a list of found signals for different currencies; when you click on them, a chart appears with a detailed explanation of trading.
In the “Trading Opportunities” menu, a trader can independently select the type of signal he would like to work with, as well as the graphical analysis pattern of interest.
To do this, opposite a certain group of assets, click on the button with a pencil drawn. Then you need to select an advanced search, after which you can set the width of the figures in candles, what type of signal you want to work with (trend reversal or continuation), the direction of the signals (buy or sell), the clarity of the figures, as well as the figures themselves, according to which you would like to receive signals.
In conclusion, I would like to note that the Amarket broker is the first to launch the ability to receive signals for cryptocurrencies through Autochartist and remains the only one at this time.
The website of the broker Amarkets is http://www.amarkets.org/
Therefore, if you want to receive signals based on graphical and technical analysis of cryptocurrencies, you just need to get a trading account with this broker.