Crypto Swings review
Introduction to Crypto Swings
In this review, we will examine Crypto Swings, a cryptocurrency signals provider that has garnered a substantial subscriber base. Founded in 2019 and believed to be based in India, Crypto Swings established its presence through a Telegram channel launched in the same year. The provider offers a range of signals, including both free and paid options. Throughout this review, we will explore various aspects of Crypto Swings and assess the value of its offerings.
Crypto Swings' Social Media
Let's take a look at the provider's presence on social media. Crypto Swings has an account on the X platform, but the most recent post was made in 2020. This prolonged absence of updates indicates that the provider may not be actively participating in the community or the market at this time.
The Crypto Swings Telegram channel is managed by two admins. One of the admins actively posts on platform X under the nickname "godfomeo." This provider occasionally shares insights and analyses related to cryptocurrency projects and charts. From an analytical perspective, there are several valuable contributions within this content that can aid in understanding the crypto industry.
The provider also maintains an Instagram account with 1,753 followers, where it shares crypto-related memes and news. The account features the tagline, “Here to help you understand crypto better in a fun way!” Occasionally, tutorial posts are shared as well. However, the provider has been somewhat inactive, with the last post made in the summer of 2023.
https://www.instagram.com/crypto_swings
The provider's YouTube channel appears to be inactive, featuring only three videos uploaded over a year ago. Currently, the channel has a modest subscriber count of 85 individuals. The content of these videos primarily focuses on Bitcoin and market updates.
https://www.youtube.com/@Cryptoswings
The provider shares charts with technical analysis using the TradingView platform, where they have been active since 2018 under the nickname "Raun." Their activity spanned from 2019 to mid-2021, during which they provided technical analyses for both stocks and cryptocurrencies. It's noteworthy that the provider has utilized the Indian version of the platform, suggesting that their audience may primarily consist of Hindi-speaking individuals.
https://www.tradingview.com/u/Raun/
The provider also has a second profile on TradingView under the name GODFOMEO. This account actively shared forecasts from 2020 until the summer of 2023. However, since then, the activity has noticeably decreased despite having 476 subscribers. This suggests that, if there was once audience interaction, the provider has since stopped sharing trading ideas.
https://www.tradingview.com/u/GODFOMEO/
Telegram
The primary source of signals for Crypto Swings is its Telegram channel, which currently boasts nearly 13,800 subscribers. The engagement rate among these subscribers stands at 16%, a figure that reflects a reasonable level of interaction. However, a closer examination of the channel's growth trend reveals a consistent decline over the past year; it had over 15,000 subscribers just one year ago. This downward trajectory raises questions about the channel's ability to maintain or attract new subscribers.
On the Telegram channel, the provider shares insights on the cryptocurrency market, including technical analyses and market trends. It appears that the provider predominantly employs a price action strategy to guide his recommendations. Additionally, the channel provides updates and news that may impact the market's dynamics.
The channel is administered by an anonymous user known as GODFOMEO, along with two other admins operating under the pseudonyms Sir Raun and Rad$calp. Together, they contribute to the community by disseminating valuable information and support for members navigating the crypto landscape.
For a subscription fee of $229 for three months, the provider offers the following services:
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Updates on BTC and Key Levels: Regular insights into Bitcoin’s performance and critical support/resistance levels.
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Big Swings for Altcoins in Leverage and Spot: Information on significant price movements in various altcoins, ideal for both leveraged and spot trading strategies.
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Charts with Key Levels and Explanations: Detailed charts that highlight essential trading levels, accompanied by thorough explanations to help you understand market dynamics.
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Quick News and Facts: Timely updates regarding market news and important events that could impact cryptocurrency prices.
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Chatroom with Admins: Access to a community chatroom where you can engage in discussions about the market and share insights with fellow members.
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Zoom Session (Subject to Availability): Opportunities for live discussions and educational sessions via Zoom, providing direct interaction with the provider, subject to their availability.
Crypto Swings Signals
Let’s take a closer look at the latest signals shared on the Telegram channel. One of the signals recommended buying the asset BNBUSDT at a price range of 683-684, with a stop loss set at 600 and a take profit target of 1000.
However, shortly after the signal was published, the price declined and reached the stop loss level within a few days. Interestingly, after hitting the 600 mark, the price rebounded and began to rise again. The provider acknowledged this misstep and took responsibility by issuing a reflection on the performance of the signal, emphasizing their commitment to transparency and improvement.
The subsequent signal provided by the channel recommended purchasing the asset MOVRUSDT at a price of 10.63, with a stop loss set at 8 and a take profit target established at approximately 16, representing a risk-reward ratio of 2:1.
Following the signal's publication, the price remained relatively stagnant for about a week before eventually reaching the target. The provider highlighted the progress by reporting that the take profit target was already 65% fulfilled, indicating a positive movement toward achieving the profit goal.
Feedbacks
At present, Crypto Swings does not have any reviews featured on major platforms like Trustpilot, and they have not made any member reviews from their VIP group publicly available. Recently, they did share a rare expression of gratitude from one of their customers, but this appears to be an isolated case. Furthermore, there are no reviews visible on their social media channels or other online platforms linked to the provider, indicating a lack of consumer feedback and engagement.
Conclusion
Crypto Swings, as a crypto signal provider, presents some notable concerns worth highlighting. Firstly, the lack of a transparent track record for its VIP channel raises questions about the provider's accountability and reliability for potential clients. This absence of documented performance could leave clients without essential insights needed to make informed decisions. Furthermore, the provider's apparent neglect of social media engagement is concerning. In today's digital landscape, active communication and presence in social networks are crucial for building trust and credibility with users. This gap in outreach may suggest a lack of commitment to its community and clientele.
Additionally, despite boasting an impressive membership of over 13,000 individuals on its Telegram channel, there seems to be a striking absence of reviews or testimonials from users. This raises eyebrows, as genuine user feedback is vital for evaluating any service's efficacy. The declining number of participants in the Telegram group further deepens the mystery surrounding Crypto Swings, leaving potential clients with more questions than answers.
