5 Best Crypto Signals Groups On Telegram
This article ranks and reviews the best crypto signals groups on telegram and shares insight into that tactics that make these groups so successful.
Crypto signals are becoming an increasingly popular subsection of the cryptocurrency trading community. These signals, or trades, are researched thoroughly by a team of expert traders who then tell you exactly what cryptocurrency to buy and when to sell. Individuals are able to effectively outsource the work of following and keeping up with trades and make substantial returns for themselves in the process.
The success of crypto signals has been remarkable, with numerous crypto signals group popping up every day. It can be difficult deciding which signal group to join, so we’re going to help you out. Let’s take a look at some of the best crypto signals groups on telegram that you can join right now.
As mentioned before, the advantage that you can gain from joining one of the best crypto signals groups in the space is huge, because experienced traders will do the work for you. If you can join a great crypto signals group you will be able to grow your money passively.
Now, crypto signals are a relatively new thing, so you might not fully know what they are. Let’s take a quick dive into what exactly crypto signals are. For a more in depth guide on crypto signals, check out our ultimate beginner's guide to cryptocurrency signals.
What Exactly Are Crypto Signals?
At a very basic level, crypto signals are simply a set of trading instructions that tell you when to buy and sell a cryptocurrency. For example, if you are receiving bitcoin signals from a signals group on Telegram, their trade signals will tell you exactly when to buy and sell bitcoin.
The best crypto signals group on Telegram will format their signals in the following way:
- Cryptocurrency – you will be told exactly which cryptocurrency you should be buying, for example bitcoin or ethereum
- Buy – you will be told exactly the price you should be buying
- Sell – you will also be told when to sell/exit your position so that you can lock in some profits
- Stop Loss – Finally, you will also be told the stop loss of the trade, so that you know when to exit the position if the trade doesn’t quite go correctly
The best crypto signals groups predominantly operate in Telegram groups with hundreds of members. When the signal provider is ready to issue a trade, they’ll send out a notification that looks like this:
The call in this example are for people who trade on BitMex. The call tells you, what cryptocurrency to buy, whether to go short or long, along with the take profit targets, stop loss target and leverage amount.
If you have a good crypto signal provider that knows what they’re doing, then you should hopefully make an excellent return:
Of course, making returns like this is the goal. So to help with that, we’ve put together a list of the best crypto signal providers to help decide which group to join to make returns like the above less of a myth and more of a reality.
The Top 5 Crypto Signals Groups
1. MYC Signals (@MYC Signals)
MYC Signals comprises of a team of expert cryptocurrency traders with over 5+ years of experience. With more than 2000 members, MYC Signals places a large emphasis on quality, professionalism and customer service – something which no other crypto signals group do.
MYC Signals provide high-quality signals for range of cryptocurrency exchanges including: BitMex, ByBit, Deribit, Binance, Bittrex, Huobi Pro and Bitfinix. Here's how you can get started with them below:
Getting started with MYC Signals:
1) If you have telegram then be sure to reach out to the admin, @MYCSupportBot, as well as to join their free crypto signal group, MYC Signals. Alternatively, if you don’t have Telegram, feel free to contact them via email: [email protected] and they’ll walk you through how to get started.
2) They offer 2 premium channels for you to join: MYC BitMex Signals VIP and MYC Binance Futures Signals VIP. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
3) Once you’re all signed up and you’re a premium member, they’ll work with you to make sure you can follow their signals as easily as possible, as well as to solve any problems you may have. They tout 24/7 customer service so regardless of which time zone you live in, you can be sure that you’ll get a prompt response.
2. Crypto Trades Today (@CTT)
CTT (Crypto Trades Today) is a solid group that provides crypto signals for those who trade on BitMex and Binance.
CTT just launched in 2022, and although fairly new, they are already making huge waves and chatter across the crypto signals space.
The reason is simple: they provide some of the best returns out there and their subscription plans (starting at just $80 per month) are among the most affordable we've seen across all the competition.
Their free public channel is very beginner-friendly, providing fresh crypto news, as well as education (crypto terms) and inspiration (quotes). We also love their technical analysis for its balance and neutrality, always taking into consideration different possibilities and discussing the scenarios that can unfold from each one.
3. Verified Crypto Traders
Based in Netherlands, Verified Crypto Traders is a remote team spread across many countries, including the: Netherlands, Belgium, Portugal, the UK, and the USA. The best part of getting signals from different countries is that members of the channel get 24/7 consulting service and answers to your queries. The company provides in-depth answers. The admins of the channel are organized and punctual.
Besides its official website, the team supports a set of Verified Crypto Traders Telegram channels: Verified Crypto News, Verified Crypto Traders, Verified Crypto Result, Verified Crypto Traders Chat, and Automatic Trading Bot. The latter is the main feature of the channel. The bot can buy and sell coins at the best price without interaction with users.
4. 4C Trading
On June 15, 2019, two experienced crypto signals provider, Crypto Addicts and CryptoMedics, merged and gave birth to 4C Trading. Since the channel is still quite new, we are still waiting to see if 4C Trading’s crypto signals become the safest and accurate on the market
4C Trading consists of 15 experienced specialists, each of whom is an expert in a particular field including marketing, sales, finances, IT, development, administration, trading and analysis, and many more.
The entry-level pack of the channel is designed to give access to traders via chat and live stream while covering market updates as well as trading education. Members of the Trade Room can purchase add-ons like The Signal Add-On, The Investor Add-On, The Smart Add-On, and The Full Pack: Get It All.
WhaleTank is a team of 12 European and Israeli based traders who strive to profit their clients through safe trading in volatile crypto markets. Their recommendations have long term coin security and they are also able to teach users how to benefit from market fluctuations in the short run.
If you pay for WhaleTank’s subscription service, you will be granted access to crypto signals and a variety of closed groups where you can talk to other traders and discuss the latest crypto news. You will also get access to many other services as a paid member. WhaleTank brings an extensive five year of experience in Forex trading and has been in the crypto market for more than a year.
How the best crypto signals groups on telegram trade
The list above ranks and walks you through the 5 best crypto signals groups on telegram. There is so much more that you should know about how the best groups trade crypto! Keep reading to learn more about how the best crypto signals providers on telegram have become so profitable.
The best crypto signals groups will also often trade with leverage, so it’s important to understand what this is. Crypto signals groups will use leverage trading because it allows you to make a lot more money than you would be able to with regular spot trading, where it is not possible to trade with leverage. For those that do not fully understand what leverage trading is, let’s dive a little deeper.
Now, it’s likely that when you first bought your first cryptocurrency, you did it with a regular spot trading account. So, you likely used your own funds to buy your first crypto. However, buying with leverage allows you to use your owns funds on your account balance plus borrowed funds to purchase crypto. Because you can use borrowed funds to purchase the cryptocurrency, you will actually be able to buy more crypto.
From a trading perspective this is great, because if you can buy more cryptocurrency, you can generate a higher return because you are holding more crypto, so your profits are amplified. Some of the best crypto signals groups in the space and traders in general, are increasing the use of leverage due to the higher gains that can be captured with the use of leverage.
Another related concept to leverage that you need to understand is margin. At a basic level, margin is just the amount of funds that needs to be in your trading account to cover any potential losses that you might make. In order to first trade with leverage, you will need to have sufficient margin that will serve as collateral for that leverage trade.
For example, if Alice wished to buy $10,000 worth of bitcoin, but she could only afford to have $1,000 in her trading account, the amount of margin (that $1,000) would still actually be able to support and make it possible for her to ‘borrow’ that extra $9,000 to do some leverage trading. The $1,000 in her account would serve as sufficient collateral for her to hit that $10,000 mark.
For example, if we assume that the price of bitcoin hits $11,000, and Alice had bought 1 bitcoin at $10,000, this would be a return of 10%, not too bad. But, if Alice had bought with leverage, let’s say using a leverage ratio of 1:10, a price movement from $10,000 to $11,000 would yield a much greater percentage return of 1,000%.
Despite the enormous gains that could be made with leverage trading, it’s important to understand that it can also be risky. Trades can go wrong, and in Alice’s case, if the price of bitcoin fell to $9,000, Alice would have lost her entire $1,000 margin. This is known as being liquidated, and the price at which leveraged trades get liquidated will differ depending on the exchange. So, it’s important to be familiar with the concept of liquidation before placing any leveraged trades.
The best crypto signals groups on Telegram use leveraged trading in a smart way that bring greater returns to their members.
Cross and Isolated margin
Now that you understand what leverage and margin are, it’s time to introduce you to the concept of cross and isolated margin. As we have already mentioned, margin is simply the initial amount of money that needs to be held in your trading account to cover any possible losses that you might incur. But, these losses can be covered in different ways, and we will talk about 2 of those ways: cross margin and isolated margin.
Cross margin allows you to effectively use your entire account balance as collateral for leveraged trades. Whereas with isolated margin, it’s just the initial margin in your trading account that you use that will be used to cover any losses. In other words, isolated margin means that the full amount of funds in your account is not used for any leveraged trades that you make.
Going Long & Short
One of the key advantages of using leverage trading is that you will be able to go both long and short on any trades that you decide to enter. Regular spot trading would not allow you to take short positions, which is very limiting for a trader as you can only make money when the market moves upwards. This is not ideal, as the market obviously moves both up and down. Being able to trade both sides is preferable as there are more trading opportunities to take advantage of.
The best crypto signals group on Telegram will definitely be able to make money if bitcoin goes up or down. However, you can find some crypto signals groups that only take long trades or short trades.
Going long on a trade is very straightforward. It simply involves buying an asset low and then selling it for a higher price than which you bought it for. The difference between your buy and sell price is the profit that you will make.
Going short on a position is a little bit more different to going long. Going short involves borrowing an asset, for example bitcoin, from a willing lender that is then immediately sold at market price. If the price of the asset where to fall, then the asset is repurchased at a lower cost than which you sold it for, and the asset is returned to the lender. The difference between the price you sold for and then repurchased the asset is the profit that you will make on the short trade.
We are definitely seeing an uptick in the amount of traders that are turning to leverage trading, due to the opportunity to generate higher returns when compared to regular spot trading.
The advantages of leverage trading are definitely obvious, and as a result it is becoming increasingly used among traders. This, combined with a reliable crypto signals group, can result in you being able to generate very consistent and reliable returns.
There are a wide variety of crypto signal groups to choose from, and we have introduced you to some of the best crypto signals groups that are currently out there. Make sure to do plenty of research before joining a group, and happy trading!