Bitcoin Trade Group – Review 2020
In recent years, more and more trading groups and courses have appeared that are aimed in particular at new Bitcoin traders. And we have gained quite a bit of experience with such courses. However, many of them do not meet our quality standards, so that we’ve hardly been able to recommend trading groups so far.
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Recently, however, we came across a trading group that aroused our interest because of its good reputation: Bitcoin Trade Group.
So we didn’t hesitate to start a membership and immersed ourselves in the comprehensive trading group, which offers its members a platform with incredible training material combined with a supportive Discord community.
Review Contents:
BTG Key Data at a Glance:
- 3 well-known highly experienced Pro Traders (Twitter)
- Together approx. 100,000 Twitter Followers
- 300+ Members
- Platform with educational Material
- Trading Courses for each Experience Level
- Comprehensive Price Action TA Course
- Daily Contact with the Traders on Discord
- Daily Market Reviews / Livestreams
- Daily / Regular Trade Setups (depending on Market Situation)
The following points are particularly important to us when it comes to evaluating a trading group. First and above all, we’ve assessed BTG on the basis of these:
Credibility & Trust
Bitcoin Trade Group was founded by 3 successful professional traders (learn more further below).
Those traders want to share what they’ve been doing successfully for years. Seems like they wanted to go one step further and find even more fun with the topic and a different kind of fulfillment through a community with like-minded people. Sharing and exchange is fun, especially with a topic that is otherwise as factual and dry as trading.
Sustainability
BTG focuses on a sound training of its traders, so that everyone can become successful and a professional for themselves.
It’s not one of those shady “signal” or “trade call” services giving inexperienced people trading signals they often can’t handle and then lose money, or for cheating members in pump and dump systems…
Scope
The scope of educational material together with current market analyses is spectacular. Members get a profound education as a basis before they practice trading actively.
Straight Concept
The makers of Bitcoin Trade Group communicate a special trading concept: You learn price action trading mainly based on resistance and support according to specific schemes.
The goal is for members to become successful margin traders within a few weeks or months (depending on how much time you can invest and from which experience level you start from), who can recognize good trade setups themselves and accumulate more and more profit in the long run using simple trading techniques.
So if you’re serious about becoming an independent and profitable Bitcoin Margin Trader, here’s what Bitcoin Trade Group offers you with a membership:
The 3 Founders
If you already have some experience with the crypto trading scene on Twitter, you will know how much time you can spend there to find out which trading gurus really have a clue. In this mass of crypto traders, beginners always hope to find someone who gives them the right trading tips and signals.
Mostly you are wasting your time and risking losses if you listen to the wrong people. A tip from us: The one with the most followers is not necessarily the best trader.
Bitcoin Trade Group is led by 3 traders (cryptocurrency and forex) who are known in the Twitter crypto scene. What sets them apart from others who also have “big” Twitter accounts:
Mayne, Mr.TA and Scarface have been trading regularly for years, meaning they have a lot of experience and, more importantly, they trade overall profitably using strategies that work for them.
Bitcoin Trading is an integral part of their lives, and since they’re always busy with it, it’s obvious to make more of it. Especially something that makes things even more fun – like maintaining a community with like-minded people.
Those who are good at something and really successful often feel the need to pass something on to others, to help others to succeed. Think of great coaches like Tony Robbins, etc. That’s at least our impression of Mayne, Mr. TA and Scarface.
Mayne is Canadian and has been actively trading Forex and Crypto since 2013. He shares his very specific techniques with his followers within their Bitcoin trading group. To date, he has contributed approximately 100 instructional videos, including regular market reviews, live-stream footage and explanations of his approach. Members can follow his live trades during the US trading session at Bitcoin Trade Group’s Discord.
Mr.TA has been an active trader since 2014, first in Forex, then in Crypto since 2017. Mr.TA’s trading style is somewhat different from Mayne’s, which is quite natural – each trader develops his own system over time. Advantage for BTG members: You get to know different styles, so you can find out what suits you better. Mr.TA trades during the London Trading Session, the BTG members can follow him live on Discord.
Scarface is based in Asia where he trades live during the Asia Trading Session. His trading skills have evolved and refined since 2011. Scarface trades stocks, forex and options with his individual price action trading style. It looks like he’s the one the more experienced traders in the group tend to follow.
Due to the different time zones in which the 3 traders operate, all major trading sessions are covered and there is activity in the Discord more or less around the clock.
That’s why participating makes sense for traders from all over the world, BTG’s service is location independent.
Trading Techniques of the 3 Founders
In general, Mayne, Mr.TA and Scarface teach their proven techniques and strategies from Price Action Trading.
Price Action Trading is the generic term for trading decisions that are only made on the basis of visible price events. PA traders don’t use any indicators based on mathematical formulas. Main instruments of BTG’s three founders are candlesticks / price bars as well as resistance and support areas.
Group members are encouraged to delete any indicators they may have been accustomed to using when they start with BTG.
Then you learn to analyze the chart according to the analysis techniques of the 3 founders, and you learn to find very specific trade setups using special chart patterns. You will learn what highly interesting background information these chart patterns provide on the market structure. A layman would never guess how much information is hidden in the candlesticks and the price action.
You learn how to find entries in certain time frames that have an increased probability for a successful trade. It is important to the 3 founders that their apprentices learn serious trading with reasonable and realistic expectations right from the start.
You learn how to become profitable with trading and how you could even make it your profession and actually make a good living from it. There is no dubious get-rich-quick promise made here (g.r.q. is always fraud..). Rather, the members learn how to multiply their capital in the long run through reasonable and disciplined trading.
The Trading Courses
Bitcoin Trade Group is for both total beginners as well as for advanced traders. The 3 pro traders offer different educational courses their group members can choose from, depending on their entry level:
Beginner, Intermediate and Advanced. A fourth course block with the title “Miscellaneous” still offers mixed guides e.g. for trading on Forex brokers, a BitMEX tutorial as well as crucial knowledge on trading psychology.
Depending on your previous knowledge, you can work through these courses, which mainly consist of descriptive video material, accompanied by easy-to-understand presentations to read through.
The beginner course explains basic things like TA basics, understanding the market structure, recognizing supply and demand, order blocks and how to approach a trade.
The Intermediate course includes advanced TA knowledge and goes further technically and strategically. Professional trader knowledge at the highest level is offered in the Advanced Course revealing certain pitfalls and training special techniques that prove the 3 Pro Traders’ in-depth experience over several years with the crypto and Forex markets.
Separate in-depth Technical Analysis Course
Then there is a separate course that teaches the TA techniques and views of the founders in-depth, with 50 bite sized and easy to understand units. After this course you’re definitely a trading expert, at least theoretically :). Then the only thing that matters is the correct use in the field.
If you shouldn’t be sure where to start, the Discord server in the “# read first” section will give you concrete suggestions as to which topics you should go through by yourself before actively joining trading.
The Discord Community Server
The Discord server is the place where the group directly communicates. In the first month, new members can write only in the “junior traders” channel, everything else will be visible, but you can’t answer/post anything yet.
This is useful to encourage beginners to go through the courses and gain the basic knowledge which should be priority at the beginning of a subscription.
The Discord server should not be overloaded with questions that wouldn’t arise if you had the necessary basics from the provided courses. Absolutely sensible and comprehensible.
Market Reviews / Live-Streams
There are daily live streams of Mr.TA (based in the UK), who usually does a market review of the London Open and London Close. Mayne’s market review videos, on the other hand, are on average 1 to 2 times a week, and 80% are based on higher time frames. In most cases his followers don’t have to be able to jump immediately into short-term trades because the trade setups are often valid for up to several days. Scarface tends to be followed by the more experienced traders in the group. He makes frequent livestreams on Youtube, which he announces in his live-streams channel on Discord.
The Trade Setups of the 3 Founders
How easy is it to get into Trade Setups shared by the Founders?
Trade Setup Example
If you’ve made your homework and worked yourself through the educational material at the beginning of your membership, it should be relatively easy to understand the setups the 3 Traders share.
A Bitcoin market analysis appears on the platform more or less on a daily base, detailed trade setups (that have already been discussed in the review videos) are then again shared on the Discord. There each of the three founders has his own channel, which is subdivided into sub-channels, e.g. bitcoin, altcoins or forex, where they share related trade ideas. So you have the possibility to participate in the proposed trades. The main focus is clearly on crypto or bitcoin trading, roughly 85% to 90%.
However, it is important to understand the concept of the trades and the procedure. The trading courses on the main platform bitcointradegroup.co convey the basic understanding, so that the shared trade setups should then be quite clear. If not, you can ask the Traders, that’s what they are there for.
BTG is not about trade calls for beginners, who should blindly imitate what they are told with exact entry and exit, but about independent trading on the basis of suggestions from the professionals, through which you learn to successfully master your trades yourself.
Once you have understood the basic concept of a trade setup, it is relatively easy to execute a trade. It is important to stick to the set plan and not be irritated by any other Twitter guys or by panic in the meantime. But getting into the trades is basically easy.
It is elementarily important to follow the previously defined plan of a trade in order to become profitable in the long term. Losses are always there, even with the professionals. The occurrence of losses must be accepted from the outset; if you can’t handle losing in one or the other trade, you are wrong in trading.
This is also clearly communicated in the trading group. The crux of the matter is to make more profit than losses in the long run through certain techniques that you follow objectively. This is how profitable trading works, and you learn that well with BTG.
At Bitcoin Trade Group you become a trader, not a call follower.
Profitability / Success Rates
How much Profit can be made while learning?
How quickly you become profitable depends on the time you are willing to invest in the course and in trading. The very active members who use the course and the group with seriousness and discipline can trade independently within about 3-4 months. The trade setups that the founders post will help people to make money while learning.
The trading accounts of the members grow roughly 20% per month, some more, some less, which is a respectable result. Depending on how much trading capital a member has, you can trade the membership fees back in. And the skills will of course continue to refine in the future, so that traders can grow significantly over time.
The success rate mainly refers to following only one of the 3 Traders intensively. This doesn’t mean a trade every day. The point here is to master approx. 1 to 2 good trades per week rather than to sink into overtrading. When people overtrade, the quality of single trades tends to suffer, so the overall outcome is usually worse then with less frequent but higher quality trades. If you are extremely committed and follow all 3 Founders intensively, you can use more trade setups if you like.
Bitcoin Trade Group Pricing
You can see the available plans in the screenshot below. Just a short comment: This course is definitely not cheap, but the entire service is also rather high-end, if you want to put it that way. You pay for a really good education on crypto trading and financial trading in general and for the high engagement of the team. In relation to what you get, it’s understandable that to make all that happen such a course couldn’t be sold at a lower price.
Weak Points / Areas that could be improved
Despite all conviction there are also a few weak points of Bitcoin Trade Group.
No Downloads
The videos and teaching materials are not downloadable. For frequent travellers who would like to learn offline, this is a disadvantage. However, this has to do with the fact that the materials should not spread on the web for free, which is understandable, given the effort involved in the project.
Technical Issues
Some users may have some problems with the usability of the platform. We read a complaint of a user who got logged out repeatedly when he clicked around in the back-end of the bitcointradegroup.co platform, and had to log back in more often. This also happened to us frequently, but it’s not really a big deal, just a little annoying. However, the solution of such minor technical problems is in the works. They seem to have a new developer to improve a few things.
The Organization on the Discord Server
The Discord server can be a bit confusing for newcomers at first sight. No question, you will soon find your way and understand the structure, but first you need some time to find out in which channel you will find which information is relevant for yourself. The makers are open for refinement suggestions of the Discord Server structure, happy to receive feedback from the members. However, the majority of users seems to be fine with the structure so far, as we’ve heard from an internal survey. So again, not a big deal.
It is helpful to familiarize yourself with the general functions of Discord. E.g. you can turn on or off channel notifications and only allow notifications that concern selected channels.
Verdict
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The Bitcoin trading course of BTG has been running since summer 2018, which means it has established itself in the middle of the bear market. That’s one of BTG’s many signs for a high quality service that we’ve noticed.
During the extreme bull market in 2017, countless rip-off systems sprang up, most of which disappeared within the bear market in 2018. It is easy to run a profitable trading business during a large bull market. But not outside such hypes.
The fact that Mayne, Scarface and Mr.TA can trade profitably at any time and are able to show what they are doing is the best argument for the quality of their trading group.
On Discord we have found a lot of statements from members who think BTG is the best Bitcoin trading group there is at the moment. The satisfaction of the members in the group speaks for itself. We can only share this opinion from our own experience. We don’t know of any group that offers such a large amount of really good educational material combined with such a dedicated and passionate Trader Team.
If your trading career is important to you, we can only advise you to try the group at least once for a month.