Top 10 Binance Trading Signal Channels on Telegram

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Top 10 Binance Trading Signal Channels on Telegram

The use of Binance trading signal groups to help traders/investors determine profitable investments is becoming more and more prevalent. With the prices of a majority of cryptocurrencies either stagnating or declining in value, trying to find the correct trade has become increasingly difficult. However, following trading signals may be a lucrative solution to this very difficult problem if traders are willing to take the gamble and explore this relatively new niche within the cryptocurrency community.

This article will take a look at the top 10 Binance trading signal groups on Telegram, and why choosing the correct provider to follow will be instrumental in determining If you are able to generate a return or not.

For those who do not know what trading signals are, here’s a quick introduction.

What are Trading Signals?

Trading signals are instructions sent directly to an individual telling them which cryptocurrency to buy. A typical signal would contain the following information:

  • The cryptocurrency to buy – The signal will specify which cryptocurrency that should be bought, e.g. BTC, ETH, XRP
  • The buy-in price – The price you should try to buy the cryptocurrency at
  • The sell-targets – The price you should sell the cryptocurrency at in order to achieve a profit
  • Stop losses – A mechanism to automatically exit your position to mitigate losses

Binance Trading Signal - Example

Typically, traders may not achieve the ideal buy-in price, which is why you may see providers give a range. For example, instead of specifying a buy-in price of $8500 per bitcoin, a signal provider will provide a range of $8500 – $8600 per bitcoin. This gives traders plenty of scope to try and achieve the correct buy-in price as this would affect their resulting profit.

The sell-targets, or profit-targets, are the price point traders should look to exit the trade. Typically, signal providers give 3 sell-targets, all of which you should be notified by your provider if any are hit.

The stop loss is a mechanism that allows you to automatically exit a trade in order to mitigate losses. A stop loss is standard practice that any good signal provider should be using.

If all goes well and the the signal provider is trustworthy, you should hopefully make a nice profit:

Binance Trading Signal - Profit

Trading signals are cryptocurrency exchange specific. For example, Binance signals are trading signals that can only be followed if you wish to place a trade on the Binance cryptocurrency exchange. However, there exists other trading signals that are specific to other crypto exchanges such as: BitMex and Coinbase.

Now that you understand what trading signals are and how profitable they can be, we can now get onto the top 10 Binance trading signal channels on Telegram.

1. MYC Signals (@MYC Signals)

Number of Subscribers: 2k.

Focus/Description: Provides Binance and BitMex signals as well as educational content on crypto trading.

Approximate Post Rate: 5+ signals per day.

MYC Signals is a spin-off of one of the most respected crypto-publications in the space, Mycryptopedia.com. With a focus on quality and professionalism, MYC Signals provides its members with high-quality signals on cryptocurrency exchanges, Binance and BitMex. They take their commitment to producing returns for their members so seriously that refunds are issued if their signals fail return a profit in a given month – so far, not a single refund has had to have been issued.

Due to already having an established reputation with the publication, Mycryptopedia.com, MYC Signals is easily able to gain the trust of the community and is as a result becoming the fastest growing signal provider in the cryptocurrency eco-system.

Every day they issue a post in their telegram channel informing members of the winning and losing signals as well as the total percentage return that non-paid members could have made.

2. AlphaTradeZone

Number of Subscribers: 70k.

Focus/Description: Mainly provides signals for Binance and some for BitMex. Produces high-quality charts justifying each issued signal.

Approximate Post Rate: 2-3 signals per day.

AlpahTradeZone is a solid provider that issues signals predominantly for Binance. They specialize in providing detailed trading analysis justifying their rationale behind each signal. They have a strong track record in delivering consistent returns and therefore is also one of the most respected signal providers in the space.

They have a team of analysts combing through charts in order to identify any potential valuable trades that can make their members a lucrative return.

3. WhaleTank

Number of Subscribers: 13k.

Focus/Description: A heavy focus on technical analysis as well as providing signals for Binance and BitMex.

Approximate Post Rate: 2-3 signals per day.

One of the few signal providers to actually have a website, WhaleTank is a reputable provider that places a heavy emphasis on technical analysis. Where typically signal providers issue free signals to their non-paying members, WhaleTank mainly provides posts relating to technical analysis. If you’re interested in understanding at a deep level the reasoning behind an issued signal, then the team over at WhaleTank are your guys.

4. Crypto Notes

Number of Subscribers: 5k.

Focus/Description: Only provides signals for Binance.

Approximate Post Rate: 2-3 signals per day.

Crypto Notes is a one-man show that caters towards the Hindi community. Even though it’s just one guy researching and issuing signals, you can tell that Crypto Notes has a pretty loyal following from the level of engagement each signal receives. There’s also a Crypto Notes YouTube channel that provides educational content relating to trading as well as general crypto knowledge. As mentioned before, it is targeted towards the Hindi community, so if you can’t speak/understand the language, this may not be the signal provider for you.

5. 4C Trading News

Number of Subscribers: 7k.

Focus/Description: Issues signals for Binance (maybe BitMex).

Approximate Post Rate: 2-3 signals per day.

The team over at 4C Trading News run a pretty slick operation with the focus they place on following wider news events happening in the crypto space. They can be seen as the macro-focused signal provider due a thesis they seem to have of news events having a drastic impact on the price of various cryptocurrencies. They also issue reports showing how much potential returns prospective members could have made if they took the plunge and subscribed.

6. Crypto Classics

Number of Subscribers: 3k

Focus/Description: Provides signals for Binance and Coinbase PRO.

Approximate Post Rate: 2-3 signals per day.

As well as providing signals for Binance and Coinbase PRO, Crypto Classics also provide technical analysis focusing only on Bitcoin. As Bitcoin is the largest cryptocurrency by market capitalization, altcoins tend to trade in a similar manner to it. Therefore, by understanding the trading pattern of Bitcoin, Crypto Classics uses this to inform signals that they provide relating to altcoins.

7. Mike Crypto Signals

Number of Subscribers: 3k.

Focus/Description: Issues signals mainly for Binance and Bittrex users.

Approximate Post Rate: 2-3 signals per day.

As you can tell from the name, Mike Crypto Signals is also a one-man show, run by a technical trader. Although not one of the most active signal providers, they do provide plenty of free signals for those looking to make some money without having to break the bank signing up for a membership.

They are unusual in that they provide signals for Bittrex users. So if you don’t like Binance or BitMex, Mike Crypto Signals may be a viable alternative for those looking to follow signals on Bittrex.

8. Rocket FFA

Number of Subscribers: 1.8k.

Focus/Description: Provides signals for exclusively for Binance.

Approximate Post Rate:

Rocket FFA focuses on providing signals only for those interested in trading on Binance. They don’t post as much technical analysis justifying their trades, but they do post news updates that may affect any active signals they’ve recommended. They don’t force trades so don’t be too discouraged if you don’t see a signal for a few days.

9. Binance Premium Signals

Number of Subscribers: 6k.

Focus/Description: Provides Binance only signals as well as technical analysis.

Approximate Post Rate: 2-3 signals per day.

Binance Premium Signals provides trading signals exclusively only for trading on the Binance cryptocurrency exchange. They also provide information on technical analysis indicators such as: RSI, MACD and EMA when justifying a signal. Each issued signal contains information such as: the potential percentage return that can be made from the trade, as well as the risk percentage.

10. Binance Signals Turkey

Number of Subscribers: 6k

Focus/Description: Provides Binance only signals.

Approximate Post Rate: 2-3 signals per day.

Perhaps one of the more lower quality providers, Binance Signals Turkey have a focus on issuing Binance signals only. They do not provide technical analysis justifying issued signals, or news stories to keep their members updated. They do have a website where users can login and manager their signals is one place that some people may find appealing.

Conclusion

To conclude, trading signals are a lucrative way of generating returns in what recently has been a tough investing climate for crypto. Signal providers tend to release signals relating to a specific cryptocurrency exchange such as: Binance, BitMex and Bittrex. This list has taken a look at the top 10 Binance trading signal groups on telegram. You can find out more on these providers by joining their telegram channel.

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