Coin Observatory – Watching for the Moon
Coin Observatory Review
+++Powerful Trader Mentorship Community with Active Trading Support and fantastic Auto Trader++
(added 10/2018 – updated 06/2020) ~ Crypto Trading Signals for Binance & Bitmex | GREAT Auto Trader | 24/7 trading chatrooms | Powerful Technical Analysis | Educational workshops | Fund Management & Institutional Services with Business Intelligence ~
When I came across Coin Observatory in October '18 I was a bit overwhelmed by the service level provided by George and his crew. Their Crypto Discord Channel is a universe on its own and barely comparable with anything else seen in this space. This is “Earn while you Learn” in a great way – and they train an army of traders directly within their customer base, and even recruit the best of them as a signal provider for their Service later on. Follow me into the Observatory…
Holy cow, these guys are fanatic when it comes to trading – this is not your average cryptocurrency signal group – this is a complete authority pack, which could turn you into a fully-fledged trader if you make use of their knowledge and practice what they teach. In fact, this is the master goal by Coin Observatory, which they follow with their Discord channel – they are about building an army of good traders. According to the channel owner George, they already trained some of their customers to a level, that they even added them to their trading team. These guys are real pros and all about education – accompanied by DAMN good signals – executed with one of the best auto traders I've ever seen.
Hey, this set of insane traders called the full $RVN move from the bottom to the top! I actually thought the time of this crazy triple-digit jumps is over in the bear market – but apparently not as Coin Observatory has shown with this juicy 200% move. But we reduce the capabilities of Coin Observatory if we'd talk about some technical analysis and “get in here – get out there” stuff. George, the founder and head trader of Coin Observatory, is a well-known trader, speaker on several conferences, and a writer for FXStreet.com.
The websites mention signals only incidental as their offering is much bigger than being just a simple discord signals channel – they also run institutional services along with providing Business Intelligence with their custom tool for fund managers – which isn't offered for retail. They run the BI currently for Lavie Capital Partners in Puerto Rico, a main institutional client and provide the hedging desk to them. The good thing is, you don't need the money of a whale account to follow them and get your funds traded – instead you can follow their signals, learn what they are teaching and prolly build up that way if you have enough strength and willpower for that. They are trading the markets like on a level you always wanted to sit next to, and you can get a glance by following them. The beauty is, that you will understand how traders really work. You will hedge your positions to derisk them, update your positions with trailing stops. You will actively react to what the market gives you if you follow the signals to a T.
The educational video workshops (so-called Power Hours) will tell you later why you did this and that to get a better holistic, understanding of how you want to play the markets safely. From our test timeframe, we can confirm:
1. you will get many actively traded signals and
2. you will very much learn yourself if you start your brain engine and keep an open mind.
Keep in mind you might need some spare time for this Discord channel, as they don't offer a get rich quick scheme but in-depth education along with their signals.
The Discord Server Strucutre
We have a wonderful example here what channels can achieve by using Discord for their education program and trading signals. I can say Coin Observatory mastered the optimal usage of Discord's capability for this case. We have a section for the market scans which holds the altcoin signals, regularly trade updates and guidance when to exit a trade – this is pure gold, and you will find knowledge that keeps you always up to date while learning what and why they are taking their steps. Just by actively reading you will gain a basic understanding of how real traders work. Besides the Bitmex channels, there is much more to discover, and one can see right away the strong emphasis on educating their customers in a pro- & interactive way.
The Signals Review
As you will see in the example trade below, Coin Observatory is a different kind of channel. They not only source the signals, they actively manage it on their discord channel and give recommendations on how to get the maximum profits out of it (for example by setting up a trailing stop). This is very good for learning how a trader works on his actions – I can only recommend to follow the instructions and ask for the reasoning in the chat, as the chance to learn a thing or two is high. While the altcoin signals are presented very clearly, beginners might be in trouble with the Bitcoin analysis for the #bitmex-long-short channel – here you find ongoing and a very in-depth analysis of what XBT is doing right now.
If you search for clear & easy to understand signals this sub-channel is not your first place to go as Coin Observatory trades Bitcoin on Bitmex very differently in an advanced way: they long futures, and hedge their ranges in an attempt to catch the significant swings. Once subscribed you should scroll through the channel #to_the_moon, and you'll be able to get an idea of how they do the bitmex XBT futures.
It is important to know that Coin Observatory is a very active trading group. If you want to follow them on your own (without the auto trader and with BitMEX hedging) it can become a bit hard to follow everything and you should read the groups trading chat. But if you decide to do so – SKY IS THE LIMIT. You will learn how the Pro's trade instead of how to follow signals.
The group's philosophy is it to trade less, profit more, hedge and capitalize on volatility, all that while letting stop losses and the market do the rest of the work. The Bitmex channels for altcoins are much clearer to understand in terms of getting signals in a classical way, although they also come with a good portion of background info. If you know already some stuff in charting you might be happy as you will be enabled to understand the trader's point of view – if you don't, hey – here is your chance to learn and become a better trader.
Well, finding the right example trade was quite easy with Coin Observatory. I like this one very much.
See, you usual signal providers would no say – great – all targets reached, brag brag brag. However, the pros might smell that the charts indicate some kind of news or strong fundamentals, and so they updated the post in time with their trade_updates channel. By the use of trailing stop loss, they managed it to make a 100% trade a 200% one – Geezus, this almost felt like December '17. Active trading really rewards us well here, and Coin Observatory tends, in general, to run trailing stops until they get stopped out. The trading group stays play by play on most of their signal until they see a reversal pattern and signal an exit in the exit channel. It is a great thing that they try to hold everyone's hand through the big boomers to get the most out of it.
The Auto Trader
Coin Observatory developed their own custom bot with outstanding results! Not every trade is a winner, but it is surely a winner in the long run. The Coin Observatory guys developed their own great trade replication tool for Binance to copy their trades into your account. Technically this is the most advanced auto trader we have seen so far. This is not a telegram bot, but a fully-fledged web application to get your Bittrex and Binance account automatically traded by the pros. Personally, the Coin Observatory auto trader is a great solution for just keep it running for a passive income. It is a Binance only auto trader, so they don't trade it leveraged there, but the gains are pretty nice anyway. The software is sophisticated and works like a charm – I would not wonder if the outcome on a 3-months scale would be better than with a BitMEX auto trader, to be honest.
This Medium article contains more about their very special auto trader. You can download a sample performance sheet here:
Features of the Bittrex and Binance Auto Trader:
•User-defined exposure, 0.25%-15% of the account per signal.
•Automated Trade Execution:
• Stop Loss
• Profit Take 1/4 of remaining position at each Target
• Trailing stop to the previous target
• Live trade display, with % gain from entry
• Closed trade history with overall gain or loss
• Trailing stop of 8% once T4 is reached.
It would be pretty short-sighted to highlight accuracy alone with Coin Observatory. It is not the right way to view the results of this channel as it would not tell you an inch about their profitability. They hedge positions, some losses are plans and needed to execute their strategy properly. You can say everything you want about Coin Observatory, but one thing would make me really angry: if you put their transparency in question. What they offer here is unparalleled: George is a statistics nerd and he runs the numbers each month with a passion, it is a joy to follow up his conclusions about their performance. Nothing hidden, all open, all honest – a real trader's attitude that is in full control of his ego. Here is an example of their monthly statements (taken from this example report):
Imagine a signal service, where you don't just pay and are thrown into the crowded channel, but where you get an introduction with a real person. A tour that might take an hour or even more, so you can max out everything out of your subscription. This crypto signal discord server is more than just signal, and you can observe this clearly in their multiple chat rooms, which are not only there to clear questions about running trades, but also to teaching you to become a trader. Coin Observatory is well-known for acquiring their best students/high potentials, and therefore you have a bunch of traders at your fingertips. However, the given support is top-notch and on a very high level. Someone from the trader team is always around to help.
Coin Observatory is an honest and good place to be. You won't find any faked numbers, there is nothing to be hidden by them. But one has to know that this channel is not for everyone as it is active Pro trading. I can see two variants:
a) the convenient one: You signup and just make use of their trading bot. Great case, great value for the money.
b) the active one: You signup with the intention to learn. Though you want to take your time through the initial tour with the team, get used how everything works and be very active with the chat and the trades.
The educational part could come with more prepared PDFs, documents and videos, so you can get into everything at your own pace. Be aware it can be confusing if you don't take the time for the tour, in fact, if you want to trade this on your own you HAVE to take their tour to make something out of this subscription. The confusing part is actually to help you de-risking your trading efforts, but if you just follow signals here and there you see on the channel, it will expose you to much greater risk. Some of the trades are hedges for example, etc.
While I think the service you get is very well worth the price, there are circumstances – depending on your trading equity size – where very small wallets to might just make back the fee. Bigger sized bags should not face any problems and should enjoy a quite nice compounding passive income.
This channel is my personal favorite and top-pick if you want to learn a great trading methodology by folks that know what they are doing and also if you value the education work they put in their community. They are not the cheapest but you buy education along with the trade recommendations. There is so much garbage out there if you want to start learning to trade. All these nonsense resources will confuse you and leave you clueless. The team here is made of pros and they will take you by the hand through their trades and on your way becoming a trader yourself. The recent RVN example has shown that they are able to read the news before on the chart itself (without knowing the news) and to act accordingly to take the maximum profit with you.
Fantastic Auto Trader with great Results
Very Active Channel
Pro Trading Techniques
Binance/Bittrex and BitMEX Hedging
Channel activity can be confusing, hard to follow
Manual trading takes time
Extensive intial training (must save some time for it)