With hundreds of cryptocurrencies paired for trading in the market, traders have many choices to explore crypto trading. For most brokers, trading involves buying and holding coins and then selling for profit or trading the price differences on spot markets. Traders rely on excellent charting tools to find profitable setups to maximize returns.
TradingView: The platform of choice for traders
Over 50 million traders trust and use TradingView when trading crypto and other markets. TradingView is an advanced charting, trading and social platform with custom and built-in tools for various uses, from tracking market data to executing and managing trades. The platform is a leading analytics hub, combining multiple features to offer traders an unparalleled trading experience.
The best feature of TradingView is the flexibility it offers traders; they can combine multiple tools and trade more than one market at once. They can also interact with other traders and find valuable fundamental data that affects markets.
Broker Integration
TradingView’s interoperability with third-party brokers allows traders to explore crypto markets without leaving the security and comfort of their preferred brokers while getting the best of both worlds. This feature allows live charts and trades executed via this platform; Traders are subject to the trading conditions of their brokers and may retrieve data from various sources.
The platform is notable for its extensive data range, going back several decades and with real-time updates. As a data aggregated platform, the platform’s low latency ensures that traders get the latest prices when buying or selling assets.
Analytical tools
The platform provides price history and relevant data for more than 700 cryptocurrencies, including BTC, LTC, DOGE, ETH, USDT and BNB. The data for this is categorized by market capitalization, volume, circulating supply, price and percentage changes. Traders can also find information about the issuers, products, updates and important notices. From charting tools to indicators, pair screeners to currency screeners, TradingView offers a range of extensive analytical tools.
Crypto Pair Screener
A crypto pair sifter is a tool that filters cryptocurrencies according to preference parameters, ensuring that only those that meet certain criteria are listed and ranked in specific orders. Like stock screeners, crypto pair screeners help traders identify crypto pairs based on market capitalization, trading volume, and even chart patterns.
Source: Viktor Hanacek, via PicJumbo
TradingView’s crypto pair sifter allows traders to filter coins based on descriptive (CEX or DEX, price range, percent price change, volume range and quote coins), spot markets, futures, perpetual swaps, volatility, liquidity and user-defined parameters. This tool is widely used to identify new and established coins with potential volatility and utility. TradingView allows traders to save screener templates and scan pair symbols.
Crypto Coin Screener
The crypto coin screen is another advanced tool that helps traders find promising coins and specific on-chain data. The tool allows traders to filter coins based on analytical statistics such as market cap., circulating supply, maximum supply, addresses holding the coin, trading volume, price range, percentage price change, total value closed (TVL) on DEX, trading volume on CEX , and even price-to-earnings ratio.
The crypto coin tester on TradingView takes it a step further, providing data on the profit and loss ratio for profitable and non-profitable addresses, off-chain statistics such as social activity for projects based on the coin, and social media sentiments (mainly of X). It helps traders, both institutional (corporate bodies) and retail, to get more data when making important trading decisions.
Coin Heat Map
Taking crypto analytics further, TradingView’s heatmap feature provides a bird’s-eye view of data, allowing traders to visualize cryptocurrencies based on parameters such as trading volume, TVL, market cap and performance. Using colors to mark different sections is a brilliant way to improve analysis. TradingView’s currency heatmap is customizable and widely used by traders.
Beyond visualization, the heatmap tool helps traders identify and include or remove coins from their portfolio, streamline their assets to meet specific goals, and assess exposure to market volatility. Reading the currency heatmap requires specific skills that traders can grasp quickly.
Mapping tools
Various time frames, charts, indicators, charting tools, patterns and more are available on TradingView. The platform boasts an impressive array of charting tools that simplify technical analysis for traders. There is a tool to measure every crypto-related data traders need to make trading decisions.
TradingView has more than 15 chart types, more than 400 customizable indicators and more than 110 smart drawing tools, allowing up to 16 charts per tab. The trading community has also imported 100,000+ indicators, which are available for public use. These tools are excellent for analyzing the crypto market and finding profitable setups.
Source: Sergei Tokmakov, via Pixabay
Custom alerts and social trading
Finally, TradingView offers a personalized alert feature that sends email and phone alerts to traders when crypto prices take a significant move for assets on traders’ watchlists or portfolios. Custom alerts help traders stay on top of market volatility without spending endless hours looking at charts.
The Social Trading Center is another powerful feature that crypto traders use on TradingView. Social trading allows traders to see other traders’ biases, sentiments and analysis, interact and share ideas, and even stream their live trades on third-party platforms. Social trading also includes copy trading, a feature that allows traders to automatically copy the trades of experienced traders with proven records of profitability in crypto trading. The feature is customizable to reflect traders’ risk appetite.
Start trading with confidence
Crypto trading on TradingView starts with broker integration and technical analysis to spot profitable opportunities. Traders can confidently utilize the features and tools for enhanced analysis and portfolio growth.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment or financial advice.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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