The Six Best Crypto Technical Tools to Try in 2023
Top cryptocurrency technical tools to help navigate the crypto market in 2023
The crypto trading industry has grown exponentially over the past few years. The market is young and today it has emerged as one of the most popular investment platforms.
Needless to say, crypto is also volatile to market changes, and this aspect makes it one of the riskiest investment assets.
Investors with experience can leverage this vulnerability to make profits. However, many new investors are plunging into the market without any prior knowledge or education.
Technical tools are a great way to bridge this gap and provide every type of investor with the information to make better trading decisions.
Best crypto technical analysis tools of 2023
Technical tools can help investors analyze market conditions and make better investment decisions. Here are some of the best crypto technical tools that can help analyze the market.
TradingView
TradingView is one of the most widely used charting tools.
It is a cloud-based platform that can be easily downloaded into your mobile phone.
The tool is quite popular in traditional markets and now it has become one of the trending charting tools for crypto traders as well.
With TradingView, users can scan the market and collect data from crypto exchanges like Coinbase, Binance, and Bitfinex.
The tool allows you to log in to different crypto exchanges and view and compare their real-time price charts.
One of the benefits of TradingView is that it is a community-based platform. Their social network is quite active. You can share your ideas and publish them, and learn from the trading strategies that other traders share in the community.
With the growing popularity of the TradingView app, many crypto exchanges are integrating their price charts with them. The TradingView basic plan offers free services where you can chart various cryptocurrencies and altcoins.
Coinigy
Coinigy first came into operation in 2014. It is quite similar to TradingView and can map crypto charts from more than 45 crypto exchange platforms.
You can trade across exchanges and receive SMS alerts on your phone. Users can also trade via API from their Coinigy accounts 24 hours a day.
Unlike TradingView, Coinigy does not have a free basic plan. Users can sign in and try the 30-day trial version to see how it works. They charge a fee of $15 per month, but there are no hidden charges or on-trade commission charges.
With the basic plan, customers get access to more than 75 technical tools and technical indicators, can trade from their choice of exchange, and get instant SMS alerts as the market changes.
Glassnode
Glassnode is an on-chain data and market intelligence blockchain analysis tool. It is an API-based web app that gives you market insights.
Glassnode provides relevant information on crypto transaction data, metrics, miner data, wallet holdings, profit/loss, and other insights for investors.
The tool allows you to review market details, successful transactions, coin price data, and active addresses.
Customers can get alerts and download market data from the app. Their free basic plan is updated every day. The paid versions are available at annual subscriptions of $29 and $799 per month respectively.
These tiers are frequently updated and come with additional indicators.
Coin Metrics
Founded in 2017, Coin Metrics is a crypto market data analysis tool available both on-chain and off-chain.
It helps investors, analysts, and researchers understand the crypto market dynamics. Coin Metrics provides market visualization tools, data feeds, indices, price reference rates, and metrics. Customers can also view Twitter feeds for market sentiment.
The platform covers more than 100 crypto assets. You can also sign up for their weekly newsletter and get access to extensive reports and topics on the crypto market.
CoinMarketCal
Want to know what’s buzzing in the crypto market? Sign up and stay informed about the latest events and news through the cryptocurrency calendar CoinMarketCal.
CoinMarketCal is a research tool that updates users about upcoming events in the market related to different cryptocurrencies.
It is a community-driven social platform. Here, users give insights and research-based news about crypto events.
Following user submission, the news is then verified by other users on the platform. The news that is correct gets upvoted and the fake news is downvoted. Users who want information about a particular event or coin can simply click the links and go to the relevant page.
CryptoView
CryptoView allows you to track cryptocurrency holdings across multiple exchange platforms, cold storage, and third-party wallets.
It is an all-in-one trading solution that provides real-time data, simplifies trading strategies, and allows customers to operate through multiple trading accounts across several trading exchanges.
CryptoView helps customers manage multiple portfolios through a single interface. Users can view cryptocurrency prices and evaluate their performance by analyzing statistical data and trade history across multiple exchanges. They can also track trading history through a singer user interface.
CryptoView is loaded with features. It has over 75 drawing tools, 85 technical indicators, and screen layouts. The tool allows users to configure trading pairs and draw charts through its integration with the TradingView charting tool.
Customers can get alerts and notifications about the latest crypto news and events calendar via email or SMS.
CryptoView offers a free trial period of 30 days. The subscription plans start from $13-$19 per month, and they offer a discount of 30% for users who subscribe to the one-year plan.
Takeaways
Crypto technical tools are valuable assets that help users to better navigate the market.
Many of these tools offer a free trial period during which time you can try and decide which one suits you the most.
Familiarizing yourself with these tools helps you to track the crypto price movements and gain the upper hand.
