If you are trading and investing in cryptocurrencies, then you have to learn how to use charting software and tools because they are immensely helpful during the process. These are visual representations of market data that can help investors in identifying various trends with different time frames. People can use these charts for predicting price movements and also find support levels. These days, it is not difficult to find this crypto charting software and tools in the market, but the important thing to remember is that not all of them are created equal.
There are some tools that are not very efficient and you don’t want to select those because they can affect your performance. So, which ones do you choose? Here are some of the best charting tools you can consider:
This is a live, open-source crypto portfolio tracking and market data charting website that comes with a web interface and also has a mobile app that can be downloaded on Android devices. A global chat box is available that can be used for communicating with crypto traders. You can find candlestick price charts of various cryptocurrencies on every page in the sidebar. The most unique feature of this software is that it allows users to embed charts on blogs and websites. You are free to choose different settings for your crypto charts, such as time frame, customizable period, and currency pair.
This particular option is worth checking out when you are searching for a professional crypto exchange platform that boasts a tool aimed at fulfilling the needs of skilled traders. You can get access to almost 45 digital currencies in real-time spread across six exchanges, including Poloniex, OKEx, BTCC, GDAX, Bitfinex, and Binance. The platform enables people to trade directly from the charts and you don’t have to open multiple tabs for placing an order. Price alerts, margin trading, and trade notifications are some of the advanced analysis tools available.
Another excellent crypto charting software you can find in the market is Shrimpy, which takes advantage of a powerful back-testing algorithm. Therefore, users are able to try out various portfolio management techniques for about 100 years. There is also a Shrimpy application programming interface (API), which can be used for importing historical data. You can get fast and accurate performance on all major operating systems.
This is one of the best options for crypto charts that have been specifically developed for crypto investors who want to get alerts from industry leads via one simple interface. Blockfolio gives you the freedom to customize your newsfeed through the ‘Manage Sources’ feature. You can also decide what sources you want to follow and it will keep an eye out for any important headlines that may result in market movement. There is also a crosshairs tool available that investors can use for identifying the entry/exit positions on charts. You can also use the candlestick charting tools with technical indicators like Moving Average Convergence Divergence (MACD), Fibonacci Retracement levels, Bollinger Bands, RSI & Williams, etc.
There is no doubt that this is the best option for all crypto investors because it provides access to real-time and accurate data about more than 1,000 digital currencies. Moreover, it is also recognized as one of the best websites for crypto news. CoinMarketCap boasts a simple interface with price, market capitalization and volume charts that enable you to see whether your favorite crypto is in the red or green, without having to go through several pages from other websites. You can also check the price of crypto across numerous exchanges, allowing you to select your entry/exit positions.
Another crypto charting option that’s packed with technical analysis tools is GoCharting and it includes Andrews Pitchfork, Gann Fans and Fibonacci Retracements, which can be helpful in predicting future price movements. There are more than 70 different types of graphs available for all level of investors. The best part about GoCharting is that it allows users to customize their workspace by choosing their designs and color schemes, so everything stays consistent in one