In the dynamic world of cryptocurrencies, volatility is part of the game, and for those who follow closely, missing a price movement can mean missing a great opportunity. The good news is that you no longer need to stay glued to your computer screen to monitor prices. Today, I’ll show you how to set up crypto price alerts directly on your phone, completely free.
In addition, we’ll talk about some recommended cryptocurrencies, and at the end, we’ll conduct a long-term technical analysis of Bitcoin. Ready? Let’s go!
Free Tool: Crypto Price Alerts on Your Phone
If you’re tired of paying for price alerts offered online, we have a simple and practical solution. With the **BTG Pactual** app, you can set up personalized alerts and receive notifications directly on your phone. This means that even if you’re out and about, you’ll be notified as soon as a crypto reaches the price you’re monitoring.
How to Set Up Alerts on BTG Pactual?
1. Download the BTG Pactual app: If you don’t have it yet, the first step is to access the link in the video description and sign up for BTG Pactual.
2. Update the app: Some users may notice that the alert option doesn’t appear immediately. This is easily solved by updating the app.
3. Access the cryptoassets section: Within the app, click on “Invest” and select “Cryptoassets.”
4. Choose the cryptocurrency and type of alert: Now, you can select which cryptocurrency you want to monitor. You can create alerts based on a specific price or a percentage change.
5. Set the alert price: For example, if you’re eyeing Cardano (ADA) and want to be notified when it hits R$2.02, just configure that value.
You can keep the alert active for an indefinite period, unlike many paid platforms that limit notification times to just a few days or weeks.
Alerts and Technical Strategy
Most people use alerts based on specific prices, as this strategy is common in technical analysis, where a cryptocurrency is expected to hit or break through a support or resistance level. For example, when analyzing Cardano, we can identify a downtrend line and set an alert to be triggered when the cryptocurrency breaks this line and the previous high, indicating a possible buy opportunity.
As an extra tip, it’s always recommended to set the alert a little before the price you expect. This gives you time to open the app and prepare your buy or sell order.
Recommended Cryptocurrencies for Purchase
In addition to alerts, BTG Pactual offers a portfolio recommended by cryptocurrency experts. Currently, the recommendations include:
– Bitcoin (BTC)
– Ethereum (ETH)
– Maker (MKR)
– Solana (SOL)
– Avalanche (AVAX)
– Lido (LDO)
According to the suggested portfolio, most of the allocation is in Bitcoin and Ethereum, due to their resilience and proven success over time. For instance, if you have R$1,000 to invest, the recommendation would be to allocate around 37% to Bitcoin and 29% to Ethereum.
It’s worth noting that altcoins like Solana and Avalanche have growth potential but are also higher-risk investments. Therefore, these coins have a smaller allocation in the portfolio.
Long-Term Technical Analysis: Bitcoin
Now let’s talk about Bitcoin (BTC). Looking at the monthly chart, we see that Bitcoin is in an uptrend, although it is currently consolidating after a strong directional move.
On the weekly chart, Bitcoin has formed lower highs and found support in an important region. The 20-period moving average continues to be a key level to monitor. However, it’s possible that the price could still correct to the $43,000 zone without losing its long-term bullish structure.
For those trading based on technical analysis, it’s interesting to set alerts at strategic points, such as support and resistance levels. In the case of Bitcoin, an alert can be set around $65,130, which is the most significant top to be broken to confirm a continuation of the uptrend.
Conclusion: Take Advantage of Free Tools and Make Smart Decisions
The cryptocurrency market offers great opportunities but also requires attention and strategy. With the ease of setting up price alerts through the BTG Pactual app, you can automate part of your market monitoring while also gaining access to a portfolio recommended by experts.
And remember: it’s never too late to start using tools that can help you make more informed decisions in the crypto market. Don’t forget to set up your alerts and keep a close eye on cryptocurrencies. Until the next analysis!
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