399
views

TradingView: The Best Cryptocurrency Charting Platform

TradingView is a U.S.-based provider of financial markets data charts and analysis. You can access the service via a mobile app for iOS, Google Chrome Browser App, and an Android application.

The cross-platform charting product from TradingView is a significant milestone for the cryptocurrency trading industry. It allows users to get an in-depth analysis of multiple cryptocurrencies alongside alerts about developing news within the digital currency sector.

This guide examines the crypto trading platform to unravel how it can be a useful tool to enhance your crypto trading endeavors.

TradingView Features and Tools

TradingView is ideal for both beginners and advanced traders. The platform has developed several vital tools to help crypto investors, thereby simplifying analyzing the market.

  1. Cryptocurrency Charts

Users can access numerous cryptocurrencies alongside their trading charts and conveniently search their preferred coins on any exchange on the platform. For example, if you are looking for Bitcoin, enter BTC/USD or any other pair in the search bar. TradingView will then display a list of all supported exchanges, after which you can select the one you want to analyze.

The available cryptocurrency charts offer in-depth analysis, time frames, comparison of support and resistance levels, and Fibonacci levels, among other options. TradingView has an extensive library of technical indicators for cryptocurrencies to help you understand the markets. To add an indicator, click ‘Insert Indicator’ and search for the corresponding tool.

If you are a beginner in crypto trading, the paper trading simulator is a handy feature specifically designed to help novice traders through the whole trading experience in a simulated environment. Therefore, you can practice trading strategies with virtual coins before going “all in” with real-life money.

Another of the platform’s highlights is that it provides you with multiple charting options and features. The best thing is that everything is fully customizable. Hence, you can create simple charts to track one or more digital coins and create multiple dynamic charts that actively track your choice of various crypto markets.

  1. Market Coverage And Server-side Alerts

TradingView allows you to access all major global exchanges such as Binance and Coinbase, giving you instant access to unlimited cryptocurrencies such as Bitcoin Ethereum, and Ripple. The platform also provides the option of accessing all sorts of calendars (economic and earnings calendars), gains, splits and dividends, extended trading hours, time zone options, and custom time intervals.

Server-side alerts are another reason why TradingView is regarded as one of the best platforms of its kind. You can set alerts for all a plethora of factors and conditions. You will then get notified when something happens in the crypto markets that meet your requirements.

Moreover, TradingView has a social network feature that offers traders and investors a platform to interact. The social network functionality is a great tool that allows users to share charts and learn about other traders’ ideas on a specific cryptocurrency.

  1. Cryptocurrency Screener

TradingView cryptocurrency screener allows you to scan the crypto market to find the best trading opportunities.

To exploit this fantastic feature, click on the cryptocurrency ‘Screener’ tab and choose ‘Cryptocurrency Signal Finder.’ You can then select between tabs Performance/Oscillators and Trend Following.

Under Oscillators, you can find settings related to trading indicators like MACD and RSI. You can then select your preferred exchange like Binance, Bitfinex, among others, and narrow down to available options like “buy strong,” “neutral,” “strong sell,” and “any.”

In the next stage, you will then select the timeframe you would like to screen. Once done, you can set alerts to notify you when the signal triggers your settings and receive an E-mail or SMS.

How to Use TradingView

TradingView was created to be easy and intuitive for beginners to use and powerful enough for advanced chartists to master.

Basically, TradingView gives you a wide range of charting tools. Each chart shows a horizontal and vertical axis that tracks the corresponding timeframe and price of digital token, helping traders get the necessary info to make informed trades.

There are several display options for the price on a typical crypto chart, as can be seen in the example below:

how to use tradingview tools

Candlesticks are popular in the trading community because more information is available to you as a trader around what buyers and sellers are doing through each trading session. Green candles point to an upsurge in price from the previous candle’s close, while red candles indicate the opposite. Candles provide three distinct pieces of information:

  • Opening price.
  • Closing price.
  • High and low prices for the selected timeframe

TradingView Improving the Crypto Trading Experience

In the recent past, TradingView has been actively involved in enhancing crypto trading by establishing partnerships with top exchanges and financial brokers.

Just recently, on Feb. 18. 2020, FXCM Group, a leading international provider of foreign exchange trading, CFD trading, cryptocurrencies, and related services, launched an API-powered integration with TradingView that allows traders to execute orders directly from the charting platform.

With access to TradingView’s powerful charting tools, advanced data analytics, and user-generated research, customers will now have the option to gather new sources, assess market moves, and trade in real-time.

Additionally, Gemini exchange recently integrated popular TradingView’s trading chart analysis service on Feb. 4, 2020, allowing its institutional customers to trade or invest directly through the charting platform.

TradingView has been actively developing in recent years, expanding support for several crypto indices, including crypto exchanges like Huobi. After raising $37 million in a Series B financing round led by Insight Venture Partners in 2018, TradingView made its first-ever acquisition in April 2019, bringing on board multi-broker trading services TradeIt.

In June 2019, TradingView added the so-called CIX100 index — an artificial intelligence-powered index for the 100 strongest-performing cryptocurrencies and tokens. TradingView also listed the index alongside financial terminals of major global publications like Reuters and Bloomberg.

Conclusion

TradingView is loaded with tools for crypto traders to make their trading experiences the best they can be. The ability to handle both beginner and experienced traders makes the platform stand out.

Traders can access charts, infographics, blogs, and more when they sign up on TradingView. It is a one-of-a-kind website that crypto traders are flocking to in high numbers.

Bitcoin live price
Btc
Bitcoin
$29.039
price
0.55508%
price change
BUY NOW

With TradingView, you can track different crypto prices from anywhere, in real-time. Additionally, the free package has enough tools to get you started. Note that tools like technical indicators and Cryptocurrency screeners are vital to maneuver the highly volatile crypto market.

Stay up to date with our latest articles

More posts

Volt Inu (VOLT) – Providing Passive Rewards for an Entire Army of Users

Volt Inu (VOLT) is a hyper-deflationary token seeking to help users diversify their investments across several asset types. Its goal is to build a loyal community, the VOLTARMY, whose members will have access to a growing ecosystem of assets and products, including NFTs, reflections, merchandise, and a P2E game. The meme-coin trend produced several projects with varying degrees of success and popularity in recent years. For instance, some coins like Shiba Inu made it into the top-10 cryptos by market…

HyperEarn – Encouraging an Active Lifestyle through Blockchain Technology

You'll be able to enter the latest trendy movement, "Move2Earn," using the HyperEarn token. There are many ways to get money with HyperEarn. You may run or sleep or even watch advertising to collect rewards.  With this quick introduction on our minds, let's get right into the core of today's review. We will treat HyperEarn neutrally in the article, and we urge you to do your own research before investing. A Closer Look into HyperEarn’s Ecosystem The HyperEarn platform relies…

Viubank: Earn Interest with Highest Crypto APY Through Fixed Deposit Receipt

An innovative new financial service called Viubank offers customers a way to earn interest on their long-term savings accounts. The concept depends on the cooperation with ELG bank, which brings together traditional and crypto-based financial expertise. About ViuBank Viubank is an innovative banking initiative promising simple access to fixed deposits that pay set interest rates. Depending on your preference, you can get daily, weekly, or monthly benefits. Thanks to its Vanuatu banking license, every depositor can open an account on…

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…