With so much news coming out each day about crypto investments, retail investors may find keeping up with trends difficult. That is where cryptocurrency analysis tools come in; these comprehensive programs allow users to view all the latest updates at one glance.
TradingView is a widely popular cryptocurrency analysis site with an expansive repository of technical tools for traders. This includes charting techniques and indicators.
CryptoCompare
CryptoCompare provides real-time and historical digital asset market data. They also offer customized and white label solutions. Their API enables programmers to access market information directly and integrate it into applications, providing programmers with access to cryptocurrency market prices as well as 2,400+ currency pairs using an aggregate index algorithm – also offering digital asset indices.
CryptoCompare partners with major exchanges like Binance and Coinbase to provide them with reliable market data, while providing trading insights to Thomson Reuters Eikon desktop platform. Established in 2014 and headquartered in London, UK, CryptoCompare’s leaders include Charles Hayter (CEO & Co-Founder) and Vlad Cealicu (CTO & Co-Founder). Hayter previously served as Equity Research Analyst at CitiBank and Westhall Capital; Cealicu was previously employed at ADVFN as Web Developer before moving onto head Software Development at LSBF.
TradingView
TradingView is a well-known charting platform with an impressive range of features. From social elements and in-depth analysis tools to back testing strategies, TradingView gives traders a complete picture of markets.
Users of its stock, cryptocurrency and forex screeners can analyze assets based on various criteria – valuations, margins, EPS estimates, dividend yields and more – as well as directly visualize fundamental data on charts.
Trading Ideas and video streams created an atmosphere of camaraderie among traders and investors; however, their features could become distracting; chat areas often offer unhelpful speculative advice that is not relevant for new traders. The platform offers both free and premium plans; the latter include features such as ad-free browsing, more alerts and data storage space.
Coinigy
Coinigy is a trading platform designed to assist cryptocurrency traders in monitoring and managing their portfolios. The platform aggregates prices from over 45 exchanges, provides tools for tracking market trends, price alerts and arbitrage trading capabilities and more.
Coinigy provides secure cryptocurrency trading through a multi-tiered server architecture and EAS 256-bit encryption protocol, with two-factor authentication allowing traders’ accounts to remain safe. Users should heed best practices when it comes to safeguarding their accounts and passwords – including creating unique alphanumeric passwords – for maximum safety.
Coinigy’s user interface closely resembles that of conventional trading platforms and features over 70 technical indicators and a customizable dashboard. Traders can add wallets to track all their holdings, as well as monitor portfolio performance on one single page.
Cryptolume
Cryptolume is an analytics site designed to allow traders to monitor and assess the volatile cryptocurrency prices. The website offers an overall view of price and trend data on one page as well as many features tailored specifically towards experienced traders, including an advanced scanner which enables them to locate different trading indicators and metrics easily.
Cryptos and coins from over 50 exchanges are combined on one screen, organized according to price and volume changes over multiple timeframes (from 5-minutes onward). This makes spotting opportunities quicker while helping traders avoid making emotionally charged decisions.
The platform also features a table of movements and technical score dials to make identifying trading opportunities simpler, making this free service support over 3600 cryptos.
Tradytics
Tradytics is a trading program that offers trade suggestions and analysis for stocks, options and crypto. With various dashboards, scanners and tools for strategy analysis available for strategy evaluation; as well as using AI to deliver actionable ideas throughout the day – Tradytics makes trading simple!
Features offered by Market Net Flow include market net flow, dark pool data, and extensive options flow analysis. Their proprietary AI engine can analyze millions of data points to provide simple yet profitable trading ideas; extensive scanners help traders easily discover signals and patterns; plus they have an AI portfolio designed to outsmart the market over the long term.
Though the platform does have a learning curve, a crash course and helpful community exists to aid new users in getting up and running quickly. Furthermore, investors have access to tools such as BlackBoxStocks and CheddarFlow for use in their trading strategies.
