I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.
So what do you guys think, let's share knowledge.
Following signal groups can give us good indications on where the market is going to move. Technical analysis has been used by traders for a long period of time now, there are even fully automated trading systems that trade large sums on these signals. The main question with these groups is if the are legit or if they have some special motivation behind their signals. In case the groups shares valuable trading information I would expect them to charge money for it. Because why else would they share their bread and butter online. If the information is for free I am more cautious, it could be that the group tries to convince us to buy certain alt coins the group tries to sell. In the past I have met beautiful Asian woman on dating apps that wanted me to join trading groups where I could get rich quickly. Now I prefer to check my own trading signals based on technical analysis. It might not be as sophisticated, but at least I know where the data is coming from.