Free Cryptocurrency Signals Based on Technical Analysis
Today, the vast majority of traders are actively buying up cryptocurrencies, anticipating their further growth.
Regardless of the source of information a trader uses, they'll almost always come across buy recommendations. In fact, some companies have even created funds and are actively buying this asset.
However, if you look at the truth, you'll realize that all these recommendations are primarily aimed at long-term investors, because no matter the market or asset, it will always rise and fall.
Cryptocurrencies are no exception, and almost every sharp rise is followed by equally sharp pullbacks, which a trader is simply bound to profit from.
It's important to understand that a trader is a speculator, so their signals should be based on technical analysis, which allows them to profit from all market movements, especially in cryptocurrencies.
However, since cryptocurrencies are virtually undetectable by fundamental analysis while still performing well on technical patterns, not all services are capable of analyzing cryptocurrencies and providing objective signals. Moreover, brokers only provide personal analysis, which, as always, is ambiguous.
However, clients of the broker AMarkets received one of the most pleasant news – Autochartist partner company, together with the broker AMarkets, launched cryptocurrency trading signals.
It's important to understand that Autochartist's trading signals are highly accurate and highly customizable, and are based on graphical patterns and technical analysis, which have proven to be particularly effective for cryptocurrencies.
Therefore, if you want to receive signals based on technical analysis, rather than just reading tea leaves, you can use the service from the AMarkets broker completely free of charge.
Conditions for receiving cryptocurrency signals. Autochartist operation
Autochartist signals for all clients broker Amarkets are distributed absolutely free of charge.
However, to use the service, you must have an active trading account, the deposit of which is replenished with at least the minimum amount for making transactions.
To receive cryptocurrency trading signals in your personal account, go to the "Services" menu and select "Trading Signals.".
Using cryptocurrency signals in Autochartist is the same as working with any other asset.
After logging into Autochartist from your AMarkets account, you'll have access to seven options at the very top: "Our Favorites," "Trading Opportunities," "Volatility Analysis," "Impact Event Analysis," "Messages & Alerts," and "Trading Community." Let's
quickly explore which Autochartist sections are responsible for what and which ones will be useful to you.
The "Our Favorites" menu contains information on all markets available in Autochartist, and the program only records patterns with the highest probability of triggering, and which patterns have triggered repeatedly on specific assets in the past.
At the very top of the chart, you can select the probability of triggering a signal, after which you can view the chart itself.
The "Trading Options" menu is the trader's primary interface for receiving signals. The left column displays grouped assets for which you can receive signals.
In the center is a chart with the signal and an explanation of the action, while the right column contains information on the signal quality, the asset being traded, the trading time frame, the signal type relative to the trend (reversal or continuation), and key input data to consider when choosing a signal execution option.
At the very bottom is a list of detected signals for various currencies; clicking on one of these displays a chart with a detailed explanation of the trading process.
In the "Trading Options" menu, traders can select the signal type they'd like to work with, as well as the desired chart analysis pattern. To do this, click the pencil icon next to a specific asset group.
Then, select the advanced search option, which will allow you to specify the candlestick pattern width, the specific signal type you'd like to work with (trend reversal or continuation), the signal direction (buy or sell), the pattern clarity, and the patterns themselves.
In conclusion, I'd like to note that Amarkets was the first broker to offer cryptocurrency signals through Autochartist and remains the only one to date.
Amarkets' website is http://www.amarkets.org/
Therefore, if you want to receive signals based on graphical and technical analysis for cryptocurrencies, simply open a trading account with this broker.
