Cryptosignalfree - Free crypto trading signals. My Thoughts...

I was referred to the telegram channel Cryptosignalfree earlier today by a friend who discovered it when it had around 800 members. I joined and finally had the chance to check it out. In just a few hours it has grown to 1090 members.

It looks like the channel was created in 18 June 2017.

I am unsure who is behind these signals and what they might be based off of however looking back at the signals given to date he has not been very wrong.

For e.g. a signal was posted 18 June to buy BURST and hold with a target of 900 satoshis.

Below is a 2 week Poloniex graph of Burst. The opening price on the 18th(before the signal) was 602 satoshis.

It appears that the price was pretty stable for about a week prior to the signal. At the time of the signal and for the next few days there was little response in the price until the 21st. However the channel subscribers were probably low on the 18th. I am unsure if this signal has anything to do with the recent pump of BURST which at the time of writing is sitting on 685 but reached a high of 730.

The most recent Telegram post was:

There were also a few signal announcements between for BURST and many other coins. I am still trying to find an instance where he was wrong. I have also tried to find sell signals and it seems the only advise so far is buy x and hold. So this makes me wonder if he will ever signal to sell and if so what impact that would have on the price.

While I do find this signalling quite interesting I doubt I would personally trust it though I will keep my eye on it in the short term. I don't recommend you spend any money in this sort of signalling as there does not seem to be any good background to any of the signals. It does not explain why you should buy. Also the Crypto markets have generally gone up over the last few weeks, so it could be just a coincidence that it seems to be making correct predictions. What happens when the market is on a downward trend?

How do you feel about these signals? Is it just a pump and dump or could it be used to your advantage?