The cryptocurrency markets have been growing at a rapid pace over the past several years, and staying on top of the constant developments can be an arduous task. Luckily for market participants, there has been a tremendous increase in the amount of high-quality resources that can help guide them through both calm and turbulent times.
Keeping track of all these resources can be difficult, so here’s a rundown of the best tools for investors and traders who are looking to effectively navigate through the cryptocurrency markets while also keeping their finger on the pulse of the industry.
Charting and Trading Strategies
One of the first things that cryptocurrency market participants will want to begin utilizing in order to increase the efficiency of all their trades is TradingView.
TradingView is an advanced charting platform that allows users to craft custom charts for virtually every major asset – including all major cryptocurrencies – with multiple timeframes, indicators, and chart types.
Although the cryptocurrency markets constant volatility is seen as a liability by analysts who believe that the lack of stability is what has hampered widespread adoption of the technology, it is seen as a feature by many investors and traders who are looking to see massive growth on their investments.
While keeping this in mind, TradingView can greatly aid both passive and active investors in making well informed decisions regarding potential entrance and exit points for their trades.
For passive investors who are looking to build a portfolio of long-term holdings, utilizing TradingView’s macro timeframe charts can help them to gain deeper insights into which price regions are attractive entry and exit points.
On the flipside, investors who are looking to actively trade cryptocurrencies can use the abundance of tools and indicators offered on the platform to make well-informed decisions regarding each and every trade they make.
Additionally, TradingView has also…