What are crypto alerts and how do you trade them?

Crypto alerts help you identify the right time to buy or sell cryptocurrencies. Here, we explain what crypto alerts are, and give some examples of crypto alerts for buying and selling.

What are crypto alerts?

Crypto alerts are a type of trading alert that notify you of price action, technical conditions or economic results which might affect the value of a cryptocurrency. When you trade with IG, you get access to three types of crypto alerts:

  • Price alerts notify you when a crypto market moves by a certain percentage or as points of movement
  • Technical indicator alerts notify you of when the parameters of technical indicators are met – such as the relative strength index (RSI) or the stochastic oscillator
  • Economic result alerts notify you of upcoming economic events which can make the crypto markets move, such as central bank meetings and interest rate announcements

Crypto market buy alerts

Crypto buy alerts notify you to open a long position or close a short position on a crypto market. Buy alerts will be generated if the underlying coin is currently experiencing bullish momentum – meaning that its value is increasing, or could be about to increase.

Crypto market sell alerts

Crypto sell alerts notify you to close a long position or open a short position on a crypto market. Crypto sell alerts will be generated if a coin’s momentum is turning bearish – meaning that its value is decreasing, or could be about to decrease.

Learn more about IG’s crypto offering

Examples of crypto alerts

Examples of a buy alert could be if bitcoin’s price broke above a historical level of resistance, which could prompt you to open a long position or close a short position. Equally, you could create a trading alert for the parameters of a technical indictor, such as if the RSI is over 60 for a 14-day period.

Examples of a crypto market sell alert could include if the price of bitcoin fell below a support level, in which case you might decide that the overall trend is turning bearish – and either close your long position or open a short position.

Learn more about support and resistance levels

Alternatively, let’s suppose that the price of litecoin crossed under the middle band of the Bollinger bands indicator. You might want to sell your long position or open a short trade, on the assumption that the price will continue to fall towards the lower band of the channel.

Learn more about Bollinger Bands from the man who invented them

How to trade on crypto alerts

  1. Create or log in to your IG live account
  2. Go to our award-winning trading platform1
  3. Select ‘alerts’ from the menu
  4. Set up an alert according to your parameters
  5. Decide to open, edit or close a position when an alert is triggered

What to bear in mind before trading on crypto alerts

Before trading on crypto alerts, you need to be aware that they should not necessarily be taken as confirmation of a market movement. It is always better to use an alert as the foundation of a trade, and then to carry out your own research to see if there is opportunity to realise a profit.

As there is no guarantee that an alert will result in a market movement, it is important to carry out your own technical and fundamental analysis before taking a position based on a crypto trading alert.

1 As awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Explore the markets with our free course

Discover the range of markets you can spread bet on - and learn how they work - with IG Academy's online course.

Turn knowledge into success

Practice makes perfect. Take what you’ve learned in this cryptocurrency strategy article, and try it out risk-free in your demo account.

Ready to trade cryptos?

Put the lessons in this article to use in a live account. Upgrading is quick and simple.

  • Trade on 11 major cryptocurrencies and crosses
  • Protect your capital with risk management tools
  • Speculate with no need to own any cryptocurrency

Inspired to trade?

Put the knowledge you’ve gained from this article into practice. Log in to your account now.

What is the number one mistake traders make?

We reveal the top potential pitfall and how to avoid it. Discover how to increase your chances of trading success, with data gleaned from over 100,00 IG accounts.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.