What makes tradingview the go-to platform for trading cryptocurrency?

Traders and investors need powerful charts, robust trading options, and numerous investment options available on the platforms they use. TradingView is a technical analysis platform and charting system for all traders and investors regardless of their experience or skill level.

TradingView is affordable (it also has a generous free tier), powerful and reliable. TradingView allows you to research and get data on three main asset classes: stocks, forex, and cryptocurrencies. It is an excellent platform for trading all these asset classes, but we will focus on why it is excellent for cryptocurrencies in particular.

Market Summary

Sometimes a trader or investor wants to see what is happening with a specific cryptocurrency before buying or investing. TradingView has powerful charts that give you a detailed history of how specific cryptocurrencies have performed.

You can see how major cryptocurrencies like Bitcoin and Ethereum are performing right now, and how they performed a week, a month, 6 months, a year, and five years ago. You can also get year-to-date performance data or see how specific assets have performed since they entered the market.

You can do all the above for numerous cryptocurrencies covered by the platform.

Powerful Charting

TradingView has some of the most sophisticated and powerful charts in the crypto trading and investment space. The charts present themselves as being simple, and they are if you want surface-level data and information.

You will get an initial graph when you first search for the instrument you are interested in using the search bar at the top. You can then choose to open the full-featured chat that has a lot more information and data.

Traders can pick the type of graph they would like to see and use, the time interval, financial data, indicators, and where to set alerts. These are the basic functions to use when analyzing a trade or investment opportunity. You continue learning how to use TradingView charts and graphs for better analysis and to improve your investment strategies and trades.

Community and Great Ideas

Every investor understands that cryptocurrencies are volatile and are typically much riskier than other investment or trading instruments. Because of this, it is understandable that some traders want to double-check their trades with more experienced traders and investors. They may also want to learn what technical analysis other traders are using to get the results they are getting.

TradingView has an ideas feature that allows users on their platform to share ideas with other investors and traders and get feedback back. Traders and investors can also explore ideas from other users, making this feature a great learning opportunity.

TradingView also allows users to create custom indicators using their custom scripting language. While you could learn the language and create your own scripts, TradingView allows all users to share their scripts with others.

If you use this option for cryptocurrencies, find traders who have consistently seen excellent results to increase the chances that you will get similar results too.

TradingView Has Excellent Screeners

Everyone knows the most popular cryptocurrencies like Bitcoin and Ethereum. You are more likely to trade them if you are new to cryptocurrency trading and investing because of their familiarity. Because TradingView gives you access to numerous other cryptocurrencies, you need a way to filter through them to find ones that present excellent investment or trading opportunities.

Their cryptocurrency screener gives you endless filtering options you can drill down and find exactly what you need. You can filter by:

• Country – Using this filter changes the exchanges you have access to
• Fundamental data like market capitalization
• Technical indicators like oversold RSI indicators, which are crucial if you are looking for rebound opportunities

These screeners also come with a rating that ranges from strongly buy to strongly sell. The rating for each option is based on technical indicators and can be a crucial tool for new traders and investors who might not have a lot of experience analyzing trades.

TradingView Allows You To Set Server-side Alerts

With cryptocurrency prices moving as quickly as they do, many investors and traders switch between the different assets to see how they are performing. Doing so is time-consuming and can get overwhelming if you have more than a handful of cryptocurrencies to track.

TradingView helps eliminate this stress by allowing you to set up server-side alerts, so you are notified when assets approach or leave specific price points. You should set these alerts on all the cryptocurrencies you are tracking or trading based on key support and resistance levels.

Keep in mind that the number of alerts you can set is limited unless you opt for a Pro account.

Conclusion

TradingView is an excellent platform for all investors regardless of their skill levels. The platform has numerous features for cryptocurrency traders and investors that make it an attractive option. Its charting and technical analysis tools are considered the best in the market, and its insights on cryptocurrencies and other investments have helped many beat the market.

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