There are more and more people offering 'signals' and 'Telegram groups', 'Direct signals to the bots' for a monthly fee, ranging from 5-10US to 0.1 BTC depending on the seller.
FIRST OF ALL ALWAYS PUT THE BITCOIN ADDRESS OF ANYONE THAT ASKS YOU FOR A PAYMENT IN GOOGLE. There are several websites with a list of BTC addresses of known scammers, with comments on their behavior, etc... IF ON IT, DROP IT.
I have tested a few, and I asked for some others to forward to me the signals they got for a couple of weeks.
If the publicly advertised results are impressive +250% in a month, +400% in a month, the truth is not that.
Some people add the signal percentages, I am not fucking kidding. So Signal 1 gave 10%, Signal 2 gave 20%, Signal 3 -5%, Signal 4 +20% and the 'results per month' become '45%' as an example in the signal provider statistics.
Well it is not quite correct in terms of basic mathematics. Signal percentages do not add up to give the 'profit' per month. Eventually, Signal 1 with profit can be reinvested in Signal 2, then 3, then 4. But most of the time, it is just impossible, and I checked that, just in case. Signal 1 would take 10 days sometimes, the 2 is given 2 days after signal 1, so it is a different investment, etc...
The signals give several things. The current price, the price to buy in a fork, 1-2-3-4 targets, and the stoploss signal.
There are several versions, like 'made with artificial intelligence', or 'with special insider informations', or 'highly skilled analysts'. The truth is that a lot of signals are a one man show, 1 person behind and inside the company. Some may have 2-3 people, but that's the maximum as far as my investigations went ( and I did investigate several very popular ones).
The second truth is that most of them are based on TradingView indicators only, as soon as they wake up as a 'buy' or 'strong buy' for the whole, for one of the 'big 3' of Trading view, or for some of the parameters inside Tradingview, you are good to go! Some will make a chart and put some nice lines, resistance, dildomove, etc... but in fact, depending on the scale of the chart, you can get it to say pretty much anything, goes up, goes down, support level, resistance level. There are many support levels and resistance levels that can be calculated. A few psychological ones are however reall ( 50k for BTC, 1US for ADA are famous, real examples). As well, 'TA' will process sometimes charts of pumped coins, or coins that got some momentum due to special events, or completely artificial curves made by the coin developers to sell a max of coins before folding.
It gives some funny things, to say the least
- The 'UP' and 'DOWN' are 'oversold' or overbought' so they are part of the signals given. What the fuck, if sometimes a BTCUP or BTCDOWN is over sold or overbought, it is because of the main component, BTC. So you get shit like ETHDOWN 'oversold' when ETH was climbing nonstop and automated signals bought a shitload of ETHDOWN because it was oversold, normal no one would be stupid enough to take ETHDOWN when it was climbing nonstop a couple weeks ago. Those tokens UP/DOWN are by nature very dangerous. As an example you buy ETHDOWN at x when ETH is at 1800. ETH goes to 2000, and back to 1800, ETHDOWN has lost a lot of value already, it is a token, and there is a price erosion. If I remember well, from 1800 (point of wrongly buying ETHDOWN) to 2000, to not loose value on ETHDOWN, ETH had to go down BACK to something like 1600 not to loose money and just get even on it.
- BTCDOWN was 'overbought' on monday, just when the crash started, so it was not 'recommended' at all. Normal that it was overbought because it allowed to make a profit on the crash of BTC. So, for the UP and DOWN from Binance, the signals are deadly fucking dangerous.
- The new market coins appear like fuck on the signals, because they are oversold, because the curve is truly nice from the 'beginning' of the curve (sure when they are 1-2-3 days old...). Not many people buying when the initial pumps goes down (normal, people are not idiots), nice very up going down, so... 'OVERSOLD', more FUCKED ALL OVER. Reason, it starts, jumps skyhigh, and goes down like hell. So quite a few signals, from 3 different paid suppliers gave as an example ACM as a sure winner, target of 10 15 20% on the 25th of february. Price was about 17.5. Since that, it crashed nicely to 12.8, without EVER going close to those original7.5. That's what we call being fucked deep. It might be possible that ACM goes to 20, I do not discuss that, in a few days, weeks, or months, but it would be just like playing the lottery, WOW that one is nice, I bid on it, and it will make 10% sooner or later, would give similar odds for a profit, not what people pay for, and not what people want when they play with crypto and do not go to the casino with the same money. As it is a football club token, except extreme pump, it will take a long time before it goes up again. But FUCK I forgot, there were stoplosses in the signal, so no, buy 17,5, stoploss at 14. Nice nearly 20% loss.
- We have some mysteries, like REEF, it was a grand favorite of the signals, at its peak. EGLD as well. Signals appeared close or at the ATH, buy fast, go up 10-20-25% for the 3 beautiful targets, stoploss. People let the fucking signals on a bot, bought at the ATH, stoploss at 10 15%, automatic sale. Money lost. Was it a total fuck up by the signals, was it to be part of a pump for those coins, mystery, mystery. The world of Signals is very shady, especially as a good surgeon is known, Bill Gates is known, but the persons behind the Signals are usually very well hidden or quite obscure. Some have a kind of 'public profile', so I contacted 1-2. The first question was how many BTC do I want to invest with their signals? Bad question, if I want to play with 10US and pay them 0.05BTC a month for their signals, it is MY problem. not theirs. Photos and names do not mean anything on internet, anyway.
- Some signals are made to join a pump in progress, so many bots that are configured to take up the signals automatically, such as 3Commas, will pick it up, buy, and join the pump. Even at the 'limit order' price, it is already way too high, and soon down. Those signals always tend to go down by 2-3-4-7% after, and eventually they go up after some hours and days. That is... if you do not configure the Stoploss
It is very clear too that some companies who have a lot of customers for automatic signals have as well customers in the pumpers, who say, well pass that in the signals, it will always make idiots who buy and make volume, help the pump.
People are impressed by the signals because they give a profit in quite a lot of cases. But looking at them well, it can be very obvious, and that's why it fucks up a lot of time too. A curve going up after a down, give a fucking signal, target, the previous up of the curve and bye. Sometimes of course it goes down, and down. REEF at 0.049 was 'logical' as it was low went to 0.056. Well, since that day, REEF never went anywhere close to 0.049, and hitted the stoploss at 0.04 of course.
So basically, playing the lottery or using the signals for 'big' targets is pretty much the same. Signals, like scalping signals, can be 'more reliable for 0.7-1.2% per operation, as long as the Limit order is low enough. But it is possible to do it yourself just looking at the chart, and sometimes, yet it fucks up. A good BNBDOWN when it went slightly down, but goes up like hell, and you will never get your 1% profit, but your 3% or 5% stoploss.
So much for the signals on the 'SPOT' market.
Some are more ambitious, and you can get a much bigger topfuck. They give signals for Futures and DERIBIT. This is then the TOTAL FUCKING LOTTERY in the signals. Losses of 30-200% and more are very common. The game then is that they make a lot of signals, with stoplosses and 'targets', and the average per month will show sometimes huge profits, and many times huge losses. It is again a casino game, put up that, down this, calculate how much those fuckers can loose if I am wrong, then I cannot be wrong all the time, so let's calculate how much here, stoploss here, and if I am lucky they will earn more than they loose at the end of the week or end of the month. So it is pure chance, and you could ask a Bonobo monkey to choose the prices, targets and stoploss for Deribit and Finances, you would be as safe as with the paid signals. Sometimes there are obvious, like well BTC goes down, it goes down again, so let's try 48600 47900 and 47400 for the targets on a short. But for this, you can do it yourself ( and get fucked yourself) for free. Futures/Short/Deribit are deadly, but still signals do give it.
There is another reason too why some signals company give those 3. When there is a profit, it is massive, so the 'average per month' if you 'follow their strategy' can be positive. If they are lucky 3-4 times on Deribit with BTC, and 2-3 times with ETH or XRP, then, it compensates for a lot of 'spot market' signals that fucked up with a 5-10-15% stoploss.
A lot of the signals as well give extremely high results for some of their signals, but it can be related as well to 'trailing', that is quite... random to say the least. So they give a signal with 3 targets, and give the results with 'trailing profit', that was not mentioned in the first place. In truth, they calculate back from the curve what the trailing could have done. Because trailing profit is nice, but sometimes it goes quickly to the target price, then down and down again, and trailing is not activated. Sometimes too for the 'scalping' with 1% profit, a trailing of 0.5% + can make you loose most if not all of the profit ( when the bot does not calculate the trading platform fees, as an example...).
Overall, we see a lot of bots/paid signals combinations that give a total, properly calculated profit of 3%, 5% per month, 2% per month, 2% per week. If you look at the paid signal offer in 3Commas, it is very honestly mentioned ( more than on most signal websites, I have t osay) It looks 'fun and safe' but it is not, because it is an average per month on the last 6 months or 1 year. To make 3% per month, watch ETH or whatever fucking coin go up, use 1/3 of your portfolio, all in when it is sure safe ( like BNB 2 weeks ago, and not yet the BTC crash), wait 30 min, you have your 3% per month in 5 minutes.
So, how does it work really?
The answer is bleak. You CAN reach those wonderful automatic 2,3,5% per month if you use their -signal and bots but on several conditions:
- Some months can be 8%, some others -3%.
- You need to follow their 'strategy' and buy each time they give a signal. At a point, you need many times MUCH more money than your total account, to bring it to 3%. As an example, a lot of the signals need as well to add up when the coin goes down, 1,2,3 times. This is not taken into account, but if you do not do it like that, instead of 5% profit in 5 days, it can be 5% profit in 4 weeks. If you loose 200 or 500% on Binance Futures or Deribit, it is not taken into account immediately, but it is summed up at the end of the month, so you needed more money to continue to follow their signals, as you lost 200% 2-3 times in the month, and earned 1 time 80 and 2-3 times maybe 180 to 220%. Tricky, but it means that you need more money, or you need to spare at least half of your invested money to compensate Deribit and other Stoplosses fuck up. Then the total at the end of the month 'might be' a profit.
However, most signal companies will brag about their 200-300% profit per month, or at least 30-40% per month, It is simply not true ( removing the Deribit, but you better play the lottery if you follow such signals!).
To increase your portfolio in a less risky way, and after all with the same result, assuming you do not want or do not have the time to check and think each trad yourself, you have too options that I found work well
TradingView Buy/Strong Buy signals. In truth, that's what a lot of signals companies sell to you, with 'targets' and 'stoplosses' added.
CQS Scalping is working very well for 1% target, it is quite fast. For 2% targets it can take longer time, set up a stoploss at 3% in both cases.
In ALL cases blacklist in your bots ALL the UP AND DOWN. They are high risk and most of the time fuck up when they are given by signals.
The best is to look yourself at the curves, RSI, see a bit the 'trend' of the curves, and have realistic targets. A lot of the 'big spikes' are in fact pumps by a group of people, sometimes the coin largest owners/developers, sometimes a whale, so in both cases, do not have any FOMO because most are totally unpredictible, like FIO right now in progress
About the 'pump and dump' 'signals' they are always a scam, coins are bought before by the organizers, then they are sold to everyone that participate in the pump at the fixed time. Everyone is instructed to buy at market price, then 'make a sell wall', 'start the fomo in the groups', 'promote the coin'. It is of course total bullshit, the only thing that happens is that the organizers made before a sell wall, anyone who enters buys at market price, that goes up like hell in 1 minute, because no one other than the organizers is selling, and by the time 20-30 seconds have been spent, people realize it starts to go down. End of the story, and the coin never goes back to its high levels. NEVER buy anything at market price when people tell you to do so, otherwise you buy from them, at the price they like to have.
Another pump and dump scam is to promote heavily a coin on many places, Reddit, forums, GRindr, Telegram, as a 'genius coin', like EGLD. REEF, and many minor coins. Then people buy progressively a shitcoin at the price the organizers/developers want it, over some days. It goes up, as the organizers arrange a bot to get the prices up and up, then after a while, it just crashes, and byebye. In some cases, they decide to make a SECOND slow pump, it is time to sell the coins
DOGE was another coin ( that was fucking a lot of signals as well, at 0.06 0.07 entry point, and 10-20% target profit, and maybe my ass is a mortar?), that is bot piloted, to generate FOMO. People simply buy it, and it goes down to a lower level, then the organizers make it pump, people buy it, etc... It was fun and high risk to buy at around 0.04xxx and put 10-20% profit, it worked. But maybe next time, it does not, and it goes down to 0.035. People take the risk they want anyway.
Another useful tool when using signals and internet recommendation is a traffic cone. I give below the example of its use, it is very high tech.
Typical paid signal and paid pump and dump users after a few weeks of commitment.
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