Articles

Cryptocurrency Trading Tools

by Mathhias Kuerpick Financial Writer

Cryptocurrency is a highly volatile market with high liquidity. Traders thus find it difficult to invest in digital assets. But a crypto trader with good market understanding and skills can make the best use of the investment. 


Various trading tools support traders, know the market, and make great investments. For example, cryptocurrency trading tools help them predict the market. As a result, they can plan their moves to have high market earnings. 


The article focuses on the best crypto trading tools that traders can use easily. So, let’s step in and acknowledge the best cryptocurrency trading tools. 

Best Crypto Trading Tools


Beginners or experts, everyone relies on crypto tools for market prediction. It guides them about the market changes and supports them in making the right decision. However, the list of crypto trading tools is long, and traders must find the best to support their trading goals. 


Here are the best trading tools crypto traders can use for successful trading: 

TradeFlow


TradeFlow is a software tool that continuously updates market orders. It works as a market order aggregator, updating market orders across Bitfinex, GDAX and BitMEX. In addition, traders use the tool to get overall market confidence. 


They get the benefit of comparing orders at various exchanges. So, for example, if a $5 million market buy comes from GDAX, then the other exchange will follow. 


Also Read: Capitalix review


Besides, it keeps the tally of bought and sold within the time frame. Thus, traders can check the reported volume. Also, they can know how much is due to selling. So, traders can gain insight into the market sentiments with the data. 

Glassnode


Glassnode is a valuable tool. First, it is an on-chain data and intelligence platform; thus, it gathers data from various blockchains to correctly measure crypto network activity. Then, it uses the data to report metrics and insights to traders or investors. 


Traders can use the crypto tool to explore market indicators for any coin. Also, they can view the number of active addresses with successful transactions. 


In addition, traders can have price data and let traders set alerts and download the data. It has free access to Tier1 data that gets updated every 24 hours. 


The paid subscription to the tool begins at $29 per month and $799 per month. The subscriptions are annual, with an additional tier of data and frequently updated information.

Kubera


Kubera is an all-in-one tracker. It is a crypto tool for diverse investors. 


The crypto tool is a premier all-in-one wealth tracker. In addition, Crypto traders who hold more than one crypto can use the trading tool. 


The trading tool works with market experts and keeps the dashboard updated. Traders can have a real-time value of the real estate, vehicles and web domains. It also has unique tickers that traders can add to the dashboard of Kubera. 


It manages and monitors the performance of stocks and crypto coins. 

Tensor Charts


Tensor charts are free and advanced charting tools. Traders can use them to visualise and chart the cryptocurrencies using the order book heatmaps. The heatmaps collect data from the order book through various exchanges. 


They present the red and green blocks showing buy or sell orders. The blue and yellow blocks of the chart are for orders waiting to be filled on each side. These charts are an excellent way to analyse the market and predict price action. 

Coin Metrics


Coin metrics is a crypto trading tool that provides traders with crypto financial intelligence. Traders can also have market data, network data, indexes, and other analysis tools. 


With the Coin metrics, these tools guide traders to make informed crypto decisions. The platform allows traders to access more than 100 assets and 400+ metrics. These include free float supply and realised cap. 


Once the traders add metrics to the chart they use with the Coin metrics network data visualisation tool, they can download it in different extensions. 

Conclusion


The article focuses on the best cryptocurrency trading tools. So users can consider them efficient investments. TradeFlow for data analysis, Glassnode for blockchain data, Kubera for wealth tracking, Tensor charts for charting and Coin metrics for crypto financial intelligence. 


All the crypto trading tools have their best use. Traders can use them to have successful investments.


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About Mathhias Kuerpick Advanced   Financial Writer

32 connections, 0 recommendations, 161 honor points.
Joined APSense since, April 4th, 2022, From Jaipur, India.

Created on Sep 13th 2022 05:10. Viewed 132 times.

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