Every cryptocurrency trader and investor develops their own style as their level of experience grows. The types of crypto signals that are being used vary greatly from trader to trader. Some crypto traders make moves based solely on technical analysis, while others prioritize news and fundamentals.
If you want to get deeper into crypto trading and investing but don’t know where to start, we’ll show you where you can find valuable information about the cryptocurrency markets for free. Whether you’re looking to analyze specific cryptocurrencies or understand what’s happening with the crypto market as a whole, we’ll provide you with good resources to start exploring.
In this article, we’ll be going through free crypto signals you can find on CoinCodex. We’ll also highlight some helpful external resources that will help you stay up to date with all the latest market-moving news.
Find crypto signals on CoinCodex
Let’s begin by showcasing the different crypto and Bitcoin signals that you can find on the CoinCodex platform. We provide plenty of information that will help you analyze the markets and make your next move.
Get detailed information about any cryptocurrency
On CoinCodex, you can find detailed information about any cryptocurrency in its coin details page. In this example, we’ll be checking out our coin details page for Ethereum.
Of course, the coin details page features a real-time price chart that’s sourced from over 400 different cryptocurrency exchanges. Prices are weighted according to the trading volume of the exchange, so that the displayed price reflects the actual state of the market as closely as possible.
Under the price chart, you can find detailed information about the cryptocurrency you’re interested in, ranging from basic information such as the current price and market cap to more advanced information such as volatility, supply inflation and volume to market cap ratio.
Then, there is a highlights and risks section where you can quickly identify a cryptocurrency’s strong suits, as well as risks that are worth paying attention to. For example, we can see that Ethereum has strong liquidity and is trading above the 200-day SMA, but has moderately high inflation and has seen a big drop from its all-time high price.
Analyze a cryptocurrency’s price prediction
We provide a price prediction section for all cryptocurrencies listed on CoinCodex. While the price prediction chart grabs most people’s attention, it’s important to keep in mind that it displays a hypothetical scenario in which the cryptocurrency follows essentially the same pattern as it did in the past.
The price prediction section provides a lot more information that will help you determine whether a cryptocurrency is currently a good buy or not. This includes several technical indicators such as moving averages, RSI and support and resistance levels. Let’s take a look at some examples from our Bitcoin price prediction section.
For example, you can find crypto signals such as key SMAs (simple moving averages) and EMAs (exponential moving averages) for any cryptocurrency. There’s also data for a range of technical analysis tools such as RSI, Stoch RSI, MACD and many more.
Another interesting feature of our price prediction section is that you can use it to find cryptocurrencies that are positively or negatively correlated.
On top of this, the price prediction section also allows you to get an overview of the historical price performance of any cryptocurrency listed on CoinCodex.
Find overvalued and undervalued cryptocurrencies
On CoinCodex, you can quickly get trading ideas by checking out our list of potentially overvalued and undervalued cryptocurrencies. We use the popular RSI (relative strength index) indicator to identify interesting trade opportunities in the crypto markets. If an asset’s RSI is at 70 or above, that is an indication that the asset is overbought. Conversely, an RSI reading of 30 or lower indicates that the asset is undervalued.
These cryptocurrencies can also be sorted by market cap, which makes it easy to filter out low market cap cryptocurrencies that might have issues with liquidity.
Of course, you shouldn’t just use the RSI to make trading decisions. It’s important to analyze cryptocurrencies from different perspectives to get as much information as possible about them before making a trade. We’ll provide you several great resources to help you analyze specific cryptocurrencies and the market as a whole a little bit later in this article.
Observe trends in the cryptocurrency markets
The market overview section on CoinCodex makes it easy to see what’s happening in the cryptocurrency market from a big picture perspective. Here, you can quickly identify the best and worst performers in the selected time period. For example, if you wish to see which cryptocurrencies have gained the most in the last 3 months, you can easily do so.
Here, you can also follow the movements in the total cryptocurrency market cap, which is an important metric that will help you understand how the market is performing as a whole.
Other market analysis metrics that you can follow in our market overview section are Bitcoin dominance and total cryptocurrency trading volume.
Aggregators and newswires
Now that we’ve showcased the information that you can find on CoinCodex, let’s take a look at some external resources that provide valuable crypto signals to investors and traders.
CryptoPanic is a crypto news aggregator that collects articles from various cryptocurrency news sources and presents them in one place. If you want to know what the crypto world is talking about, CryptoPanic is a good way to stay on top of the latest trends and developments.
CryptoPanic has a premium option with extra features, but you can get a lot out of the platform even if you don’t spend anything. One thing that you need to keep in mind when using CryptoPanic is that not all news sources are of the same quality, so you’ll likely have to do some filtering yourself to stick to trustworthy news sources.
DB Newswire is a service that’s designed to deliver the most important news regarding the cryptocurrency and traditional markets as quickly as possible.
Like other newswires, the service is not meant to provide in-depth insights. Instead, it allows users to stay up to date as possible with the latest news that could have an impact on the market. We’ve been seeing a lot of news-drive price action in the crypto markets as of late, so knowing where to find the latest news is becoming increasingly important.
DB Newswire offer a paid option, which can certainly be useful for professional traders. However, the paid option a bit too pricey for the average crypto trader. You can still get a lot of value for free simply by following the DB Newswire Twitter account to receive their market updates.
Cryptowatch is a platform that provides detailed trading data from cryptocurrency exchanges. In addition to price charts from exchanges, this also includes information such as completed trades, order book, market depth and more.
If you need to dive deeper into a specific trading pair on a specific cryptocurrency exchange, Cryptowatch is a great platform to check out. The platform is best suited for active crypto traders who require detailed information about what’s happening on cryptocurrency exchanges in real time.
Crypto signals on Telegram, Discord and Twitter
While it’s certainly possible to find high quality information about the cryptocurrency markets on various Telegram channels and Discord groups, it’s important to be careful. In some cases, “crypto signals” groups are actually a front for various pump and dump schemes where users are manipulated into buying coins with low liquidity which are then suddenly “dumped”.
This is not only very dangerous from a legal perspective, but will also likely lead to losses as pump and dump group leaders often scam their own members after convincing them they’re a part of a secret group with insider knowledge.
In most cases, you will be able to find very useful information without having to pay anything. For example, if you start following crypto market commentators on Twitter, you will see that a lot of valuable information is shared openly.
As long as you employ some critical thinking, it’s not too difficult to determine which users are genuinely sharing information with the community and which users are simply looking for attention or are trying to sell you a product such as a paid trading course or an “exclusive” Discord group. In general, you should be wary of paid groups or anyone that’s promising you quick and easy profits.
The bottom line – There’s a wealth of free crypto signals available to traders
Experienced traders rely on a variety of crypto and Bitcoin signals to get an edge in the markets. The first step towards getting a deeper understanding of the crypto markets is simply to understand the different types of information that is available.
Thanks to resources like CoinCodex, there’s a lot of free crypto signals that allow users to get detailed information about what’s happening in the market. This can be complemented with news aggregation services to get a full overview of crypto that encompasses both price movements and the latest news.
If you’re looking to get started with crypto, check out our ultimate guide to investing in crypto to get up to speed with everything you need to know about purchasing cryptocurrency and storing it securely.