Category: General

Unlike traditional stock markets that work on specific hours and days, and can be closed on demand, the cryptocurrency market is open all the time, without weekends or holidays – it works 24/7, it never stops!

This always-active and constantly-evolving nature of the cryptocurrency market can cause some significant stress, especially to those who do not know how to manage their crypto investing activities with the help of technology and automation, or more precisely, with crypto alerts.

In this article, we will explain how cryptocurrency price alerts can help you save time and provide a simple framework to efficiently manage your crypto investing activities.

Further in the article, we will review the crypto alerting capabilities of the top cryptocurrency exchanges.

Finally, we will pick the best all-in-one app for you to easily get crypto alerts for Bitcoin, Ethereum, and thousands of other crypto coins and tokens from hundreds of exchanges, without the need to spend a lot of time or effort on your side.

What are crypto alerts?

Crypto alerts are transactional messages that you receive through your chosen communication channel. Crypto alerts can be delivered by email, SMS, or by some form of notifications.

Crypto price alerts will inform you when your predefined alert conditions are met, e.g. the alert will be sent when the Bitcoin price goes above 100,000 USD, or when it drops by 10% in 24H, or similar.

The main purpose of crypto alerts is the automation of the manual chart watching process. It saves a lot of time and provides other benefits.

When we refer to crypto alerts, we mean user-created custom alerts about cryptocurrency prices, and NOT crypto signals, that are based on a third-party algorithm.

What are crypto signals?

Crypto signals are not crypto alerts, although they can often be mistaken.

The main characteristic of crypto signals, is that they are based on some kind of a third-party algorithm, and you receive a signal when conditions, predefined in the algorithm, are met.

As opposed to complex conditions defined by an algorithm in crypto signals, crypto alerts are based on simple conditions, defined by every individual user.

While some of these crypto signals can provide useful information, lots of them are quite random and not useful at all.

In this article, we focus only on crypto alerts, since crypto signals are a whole different field of the cryptocurrency industry.

Why use crypto price alerts?

The main purpose of crypto alerts is to empower you with the information, which is important to you, comes at the right time, and through your chosen communication channel.

Below are the top 5 benefits of crypto price alerts. These are the top 5 ways how using crypto alerts can improve your cryptocurrency investing activities, and in general benefit your life situation:

• Crypto alerts save time by automating manual price watching;
• Crypto alerts provide a sense of security and control since the market is being tracked 24/7;
• Crypto alerts inform you about crypto price changes that are important to you;
• Crypto alerts help you to focus on your long-term investing goals;
• Crypto alerts prevent the addiction to compulsive crypto chart watching.

So, since crypto alerts are so beneficial, where can you get them? Can you set up free crypto price alerts on the most popular trading platforms, such as Robinhood, Coinbase, and Binance?

Yes, these services provide at least some form of crypto alerting. Let’s review them in detail and see how to set up crypto price alerts on each of these platforms.

How to set up crypto alerts on Binance?

If you are investing in cryptocurrencies mainly through the Binance exchange, crypto price alerts available in the Binance mobile app are quite versatile and might be sufficient for your needs.

Alerts can be received only as push notifications, and they are available only on the mobile app, but not the web app. If you don’t mind these limitations, Binance crypto alerts might be a good choice for you.

To set up crypto alerts on the Binance mobile app, you first need to switch to Binance Pro in your app settings. Then select a market pair, at the bottom click Alerts, and there you will be able to set up a crypto alert as a mobile notification.

Using the Binance mobile app, you can set up the following types of crypto alerts: Price Rises Above, Price Drops To, Change is Over, Change is Under, 24H Change is Over, 24H Change is Down.

More info on how to set crypto alerts using the Binance mobile app.

How to get crypto alerts on Coinbase?

In the past, Coinbase provided a custom crypto alerting service, but it’s been discontinued.

You can now set up only limited-functionality crypto alerts, using the Coinbase mobile app. You will receive alerts of significant price changes for coins in your Coinbase watchlist.

To start receiving these crypto alerts, open the Coinbase app settings, then choose notifications, and define some basic conditions on how you’d like to receive your crypto alerts.

There are three ways how alerts can be delivered: In-app only, by mobile push notifications, or by email.

Coinbase now offers only a very basic crypto alerting service with limited functionality, but it still can be useful for some segments of users. For others, its limited range of features simply won’t be sufficient, so it’s better to look for a fully customizable crypto alerts app.

More info on how to get crypto alerts with the Coinbase app.

How to set crypto alerts on Robinhood?

Robinhood has a unique crypto alerting system, though it is also mobile-only and with push notifications being a single alerts delivery option.

For alerts, the main option is percentage alerts with the default threshold set to 5%, which can be changed to 10%. It means, that if Bitcoin, Ethereum, Dogecoin, or another cryptocurrency you hold or watch on Robinhood, increases or decreases by 5% (or 10%), you will receive a push notification.

You can control how many push notifications you want to receive with LESS and MORE options.

If you choose LESS, you will receive up to 3 alerts for each coin during the 24H period. If you pick the MORE option, then the 3 alerts limitation won’t be applied.

Additionally, Robinhood provides a unique 52 Week High/Low crypto alert. If you opt-in to receive this alert, you will be notified when a coin you hold or watch reaches the 52-week high or low. You can only receive this alert once per week.

More info on how Robinhood alerts work and how to receive them.

Notifications VS email & SMS

As we can see, the above-mentioned services provide crypto alerts only as mobile notifications, and with very limited functionality. That’s far from ideal.

Inherently, push notifications have a low alerting value. Since we get so many of them, we become quite insensitive to them. That’s why it’s easy to miss a crypto alert that comes as a mobile notification.

Additionally, if we try to customize mobile notifications, they either don’t work according to our setup, or there is no individual customization. If you want to live a productive and well-balanced life, consider turning mobile notifications off, and then check the difference.

There are better ways than push notifications to deliver crypto alerts.

“We all get too many rings and blips and squawks on our smartphone. Every ping your phone emits is another distraction, one that can take several minutes to recover from. Here’s how to shut them up.”
— WIRED

The all-in-one crypto alerts app

As promised at the beginning of this article, it’s time to pick the best all-in-one crypto alerts app. In our biased opinion, the best crypto alerts app is Coinwink! But let us provide some good arguments, why we think so, and then you can make your own decision.

Coinwink is a crypto alerts web-app, founded in 2016. During these years, it was stress-tested, hardened, polished, and optimized for the main function – to deliver crypto alerts as best as possible.

Coinwink is universal because it’s based on CoinMarketCap, which is considered the industry standard for cryptocurrency markets data. Coinwink tracks the top 3600 coins and tokens from CoinMarketCap, based on the data from hundreds of cryptocurrency exchanges.

Coinwink is fast! The data on Coinwink is updated and crypto price alerts are triggered every minute.

Because Coinwink is a web app, you can use it equally comfortably on both mobile and desktop devices.

Coinwink is privacy-focused and open source.

Additionally, Coinwink provides crypto percentage alerts and portfolio multiple-coin alerts. You can also follow Coinwink Twitter for Top Gainers and All-Time High crypto alerts, and check the Coinwink NFT for nft alerts.

Coinwink alerts can be set in 9 different fiat currencies (USD, EUR, GBP, AUD, CAD, SGD, JPY, MXN, BRL), and all the most popular cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and others.

The Coinwink app user interface is based on the KISS (Keep it Simple, Stupid) principle, and the 80/20 Rule (the Pareto Principle), therefore the app is simple, slick, and efficient.

Additionally, Coinwink offers crypto watchlist and portfolio features that provide extra tools and “bird’s-eye view” insights in a single and easy to access place.

And finally, it has a free plan that allows you to use all the main Coinwink features for free for up to 10 (2×5) alerts, and 5 coins in the watchlist and portfolio. So sign up for a free Coinwink account, and start receiving crypto alerts for Bitcoin, Ethereum, and thousands of other cryptocurrencies right away.

Conclusion

In this article, we answered the question about what are crypto alerts, and also what benefits they provide, where to get and how to use them.

Since manual price watching is a waste of time and can lead to degraded investing results, lowered life quality, addiction to charts, and similar negative outcomes, it’s better to liberate oneself from this endless chart watching with the help of technology and automation.

By using one of the crypto alerting services available online, you’ll be aware of the cryptocurrency market conditions 24/7, without wasting a lot of time or effort.

You can set up crypto alerts in mobile apps of the most popular cryptocurrency trading platforms, but the functionality of these integrated crypto alerts is limited in many ways.

A better idea is to choose a stand-alone and fully customizable app for managing your crypto alerts, and if it has other relevant tools included in the whole package, that’s only a plus!

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DISCLAIMER: The information provided in this article does not constitute any form of investment advice, recommendation, or endorsement by Coinwink. The information is general in nature and is not intended to address your particular requirements. You should consider seeking independent legal, financial, taxation, or other professional advice to check how the information relates to your unique circumstances.

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Cryptocurrency markets are infamous for their high volatility, which can bring a lot of uncertainty and chaos into our everyday lives.

Furthermore, as opposed to traditional stock markets that work on specific hours and can be closed on demand, crypto markets are open all the time, they work non-stop, 24/7.

In this article, we will describe how to keep a rational mindset, and stick to your long-term investing goals during chaotic and uncertain times in crypto markets, with the help of automated crypto alerts, and without the need to endlessly watch charts or waste a lot of time.

Below are defined 5 common conditions that re-occur in crypto markets again and again. Because each condition is a generalized phenomenon that keeps on repeating, we can look at it rationally, as to a pattern.

• Bull Market (Uptrend)
• Bear Market (Downtrend)
• Range-Bound (Consolidation)
• FUD (Panic Selling)
• FOMO (Panic Buying)

By better understanding these generalized market conditions, we can eliminate crypto market’s negative side-effects from our daily lives. At the same time, by automatically monitoring cryptocurrency market situation with crypto alerts, we can be well-informed and ready to take action when the right time comes.

Bull Market (Uptrend)

During a bull market, the long-term market trend is directed upwards.

The price doesn’t shoot straight up but is climbing little by little, with setbacks along the way. During these bull market setbacks, we often see “buy the dip”, and “HODL” memes.

While the downside is limited, the upside is always bigger, and hence the price keeps increasing. This lasts for a relatively long period of time so that the long-term uptrend can be established.

There can be short-term, and long-term bull markets.

We can say, that the longest bull market so far in crypto, is Bitcoin rising from $0.00 in 2009 to more than $69,000 in 2021. Of course, during this epic bull run, there were many bear markets, but that’s the topic of the next chapter.

Currently, in 2022, it is not clear if we are in a prolonged bull market that started in 2020, or in a bear market that started in 2021. Time will tell, as everything becomes clear when looking retrospectively.

To keep a balanced view during bull markets, set alerts for your long-term price targets. That will help you to stay off the charts, and not miss your price targets when they are reached.

Many crypto influencers and financial analytics believe that in 2022 Bitcoin will reach 100k price and that the bull market will continue. So, if you think that we are currently in a prolonged bull market, the following crypto alert would make perfect sense.

Having a long-term price target will help you not to make emotional decisions since usually, it’s better to stick to a long-term strategy. Price targets in your defined crypto alerts will always remind you about your long-term goals.

Bear Market (Downtrend)

During a bear market, the long-term trend is directed downwards, and therefore prices are going down. Similar to bull markets, bear markets can be prolonged. No one knows when the bear market will end, similarly as no one knows when the bull run ends.

During a bear market, you may cut your losses and exit the market, or keep hodling your crypto assets, until (and if) they recover.

If you cut your losses at some price, you may want to re-enter the market at a lower price point. In such cases, set an alert for a lower price. If the market reaches your defined price target, you will be notified by the alert.

If, on the other hand, you keep on your crypto assets, and wait for the price to recover, simply set an alert for a higher price, and safely forget charts.

Range-Bound (Consolidation)

During the range-bound market, for a prolonged period of time, Bitcoin is trading between the upper, and lower trendlines. It’s a kind of consolidation period, during which there is not a lot of market activity. During these periods, we see similar memes as “c’mon, do something”.

Since most of the altcoins depend on Bitcoin price movements, other cryptocurrency prices also follow Bitcoin, more or less in a range-bound manner.

During these times, traders expect the price to break below the lower trendline, or above the upper one. Breaking above signals that the bull market will continue, and vice-versa.

Since there is not a lot of action happening during the range-bound period, it’s not wise to keep watching charts. Instead, better set up a crypto alert that will notify you when the coin price breaks the upper or lower trendline.

After you set the alert, you can safely forget charts, as there is no more need to keep checking them. The alert will inform you when your predefined conditions are met. Maybe Bitcoin will trade in the range for another month, but since you have an active alert, you don’t need to watch charts at all. You now have free time available which you can spend however you prefer.

FUD (Panic Selling)

During the FUD (fear, uncertainty & doubt) periods, panic selling can start in markets because of some potential “black swan” event, such as China banning Bitcoin, BCH flipping BTC, COVID-19 initial shock, and similar.

Some FUD is based on real-life facts or events, while other FUD can be fake news, propaganda, etc.

During these periods, the market becomes very sensitive and can react with sharp price decline because of some slightly negative or even neutral news, and then because of the free-fall effect, which generates additional FUD, the price can decline even further.

Because of the FUD-induced panic selling, the market can quickly plunge significantly, but usually, it also tends to recover quickly.

So in these FUD situations, if you receive a range-bound alert that the Bitcoin price is below your lower trendline, you do not necessarily need to react to it. You should double-check, maybe it’s just FUD. In such cases, the price can be significantly lowered for the short-term period because of panic sellers, but that doesn’t reflect the true value of an asset if its fundamentals stay strong.

In similar FUD situations, it can become harder to concentrate on your everyday life, family, work, stay productive, sleep well, etc. An irrational fear might keep you stuck at checking cryptocurrency prices.

So, in order to regain freedom from charts, create a crypto alert which, for example, is -20% below the current price, if you can tolerate such a minus. You will then be able to leave charts safely, and continue with your day. While the alert is not received, you will always know that the price did not decline by more than -20%, and this knowledge can provide a real sense of security.

And of course, if the FUD is happening during a bull market, you may want to “buy the dip”. So set the alert for your lower price target, and the alert will inform you when your defined conditions are met.

On the other hand, if you have a lower tolerance for risk, you may decide to sell if the price falls by more than 10-20%. Since there are no universal rules in investing, selling may also turn out to be a wise decision, since some innocent-looking FUDs can quickly (or slowly) spin out into a prolonged bear market, despite the fundamentals.

FOMO (Panic Buying)

During the FOMO (fear of missing out) periods, we can observe a parabolic price increase in a relatively short period of time. In such cases, there are many more buyers than sellers in crypto markets, and hence the price can increase very quickly.

FOMO is quite the opposite of FUD. While the FUD is powered by fear and negative news, FOMO is powered by greed and hype.

FOMO lasts a relatively short period of time, and after the FOMO, there can be a sharp price decline. But not always, as there can be several FOMO events, with only mild setbacks in between.

Since FOMO events happen several times during a prolonged bull market, it is wise to stick to your long-term strategy. But if the FOMO happens near your target price, it might also be a good idea to sell during such a FOMO moment.

To catch these FOMO moments, you can use the Coinwink Portfolio multiple-coin alerts feature. These are percentage alerts, and they will inform you when any of your portfolio coins increase by a specified percentage in a 1h or 24h period. You can have 20 or more coins and tokens in your portfolio, and all of them will be tracked by the single multiple-coin alert. That’s a simple and reliable way to catch FOMO events.

Conclusion

Since humans cannot predict the future, and there are no universal rules that can guarantee success in crypto markets, it is impossible to eliminate chaos and uncertainty from our lives completely.

Additionally, it is no longer possible to ignore cryptocurrencies altogether, because they are everywhere now. Every day we are bombarded with crypto-related messages through different media channels, and we can no longer choose not to participate in crypto in one way or another.

Instead of trying to ignore and avoid the market entirely, we can participate in it by being well-informed long-term investors with the help of the right tools and automation.

By embracing the chaos and uncertainty with the help of Coinwink email and SMS crypto alerts, it is possible to simplify and automate cryptocurrency market tracking, keep a rational mindset and a detached perspective, and concentrate on the long-term investing goals.

It is much easier to tolerate this chaos and uncertainty when you know that the crypto market is being monitored 24/7 according to your custom set of rules.

Do you have alerts set to notify you? Try something simple like @Coinwink. If you’re long-term invested in a #cryptocurrency, why look at those charts daily? Once you’re familiar, move on to increase your most precious asset: your TIME. With that, live, love, or learn something!

— @haleyhiDeFi (@haleyhidef) March 15, 2022

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DISCLAIMER: The information provided in this article does not constitute any form of investment advice, recommendation, or endorsement by Coinwink. The information is general in nature and is not intended to address your particular requirements. You should consider seeking independent legal, financial, taxation, or other professional advice to check how the information relates to your unique circumstances.

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