If you’ve been involved with crypto for a while, you’re likely familiar with most of these sites already. If you’re a cryptocurrency newcomer though..welcome! You’ll probably find these extremely helpful. The following, in my opinion, are 10 of the best sites for crypto trading research. You can use these websites/tools to analyze the markets and develop your trading strategy.
TradingView
TradingView is the first on this list for a reason. It’s the go-to charting platform, not only for crypto traders, but for traders in general. You’ll be able to chart stocks, commodities, currency pairs, and of course – pretty much every crypto project there is.
While you may only be trading crypto, as you get more experienced you’ll realize that these markets correlate with each other. For example, if you’re looking for a long entry on BTC, but the DXY (US dollar) just broke out of a bullish reversal pattern, you may want to delay that Bitcoin purchase because a bullish dollar typically means that BTC is going to take a hit.
If the DXY is breaking out, you’re likely better off opening a short on BTC – but you need an all-encompassing platform like TradingView to monitor these opportunities.
Another benefit to using TradingView vs. the alternatives is the amount of indicators that are available. Even with a free plan, you’ll get 100+ of the most popular ones built-in. In addition to that, you’ll also have access to over 100,000 others which were submitted by the community.
Of course, most of these indicators aren’t that great, but there are certainly a few gems. For example, I love using the divergence indicator, which is essentially an RSI which automatically marks out the divergences. If you have no idea what an RSI or “divergence” is, then read this article.
Pretty much all of the premium indicators that developers build are compatible with TradingView as well. The LuxAlgo indicator set being an example (more on that below).
With the free TradingView plan, you’ll be able to plot 3 indicators on your chart. If you upgrade to the “pro” version, you’ll be able to use 5 indicators at once.
The pro version will also allow you to set 20 price alerts vs. only 1 price alert with the free version.
Being able to mark out your support/resistance levels, then set price alerts so you don’t have to stare at the screen all day is a huge benefit for any trader.
The pro version will also allow you to save an unlimited amount of indicator sets, while the free version will only allow you to save 1.
To me, this feature alone is worth upgrading for. I like to have multiple indicator pre-sets that I can easily switch between.
For example, if I want to do some “scalp trading” on the 5 minute chart, the indicator settings I’d use for that will usually be different than what I’d use on a 4 hour or daily chart.
Anyway, if you don’t already have a TradingView account, go ahead and sign up for the free version. Get comfortable using it, then decide if you want to upgrade.
➪ GET $30 OFF A TRADINGVIEW PLAN
LuxAlgo Indicators
LuxAlgo is a company that develops indicators. You can install several of their indicators for free on TradingView. Of the free ones they provide, my 2 personal favourites are the SuperIchi (which is a modified & simplified version of the Ichimoku cloud), as well as an indicator called “Smart Money Concepts”.
Smart Money Concepts is amazing for trading price action, and it makes trading so much easier for the untrained eye as it automatically marks out the trend changes as well as the significant support and resistance levels which are based on “order blocks”.
As good as the Smart Money Concepts indicator is, they also have a (paid) premium version of it called Price Action Concepts. The paid version provides a lot more information, most notably – you can view the order blocks from different timeframes all on the same chart. The order blocks themselves will also give you trade volume data so you can gauge how strong the support/resistance likely is. Here’s a short video explaining how it works..
➪ SIGN UP HERE TO TRY THE INDICATORS
In addition to the awesome price action concepts indicator, they have an indicator that will mark your chart with buy and sell signals. To be more specific, it’ll say “buy”, “sell”, “strong buy” or “strong sell” – so there’s no mistaking what it wants you to do.
There are a lot of these types of indicators, and but I haven’t found any that have really impressed me. What’s unique about the Lux Algo version though, is that premium members get access to a section on their discord group which provides the exact settings you should be using based not only on the coin you’re trading, but also based on the timeframe you’re using.
They’ve come up with this data by doing a lot of backtesting, and when you input their recommended settings – you’ll likely be surprised by how accurate the signals can get.
Once you dial in your signal settings, you should be able to become profitable assuming you trade with the trend, properly manage your risk with stop losses and select trades that provide a favourable “risk/reward” ratio.
➪ GET THE LUX ALGO PREMIUM INDICATORS
3Commas
You’ve probably heard of people using trading bots to automate their buys/sells. Seems like the ideal situation, doesn’t it? A profitable, automated trading strategy that generates an income for you while you’re sleeping or relaxing on the beach.
Well, it’s possible.. and no, it’s not extremely complex to set up.
Here’s how it works in a nutshell..
First, you’ll need to sign up for an account on 3commas (you can do so here).
Next, you’ll need a trading strategy.
There’s a marketplace on there where profitable traders are offering their strategy pre-sets. You can browse through those, and see if there’s anything you’d like to try.
You could also study some technical analysis and formulate your own strategy based on your favourite indicators. Once you have an indicator set and criteria for your entries & exists, you can import those details into 3commas and run their back-tester to analyze the profitability of your strategy.
In addition to backtesting, you can even use your strategy for some “paper trades” to test it out before risking your money.
I mentioned the LuxAlgo indicators above. Once you install their premium indicators on your TradingView charts, you could then use 3commas (which syncs up to your crypto exchange account) to make trades for you based on those signals.
Anyway, there are so many features I could elaborate on, but you should just sign up for a free account to tinker around and get a feel for what they have to offer.
➪ SIGN UP FOR A FREE ACCOUNT ON 3COMMAS
MarketCapOf
While on the topic of “tokenomics”, marketcapof.com will quickly do the math for you when trying to determine the profit potential of a specific coin.
For example, let’s say you’re looking for smart contract platforms that have a relatively low market cap. You come across Casper Network, and you’re wondering what the price per token would be if it pumped and achieved the current marketcap of Cardano.
All you would do is choose Casper Network for selection A, then choose Cardano for selection B. Once you do that, it’ll tell you the price per token and the multiple you’ll get on your investment if it were to accomplish that.
CoinGecko/CoinMarketCap
CoinGecko and CoinMarketCap will both give you real time price updates for pretty much every project. The sites are so similar I didn’t feel the need to separate them on this list. I personally use CoinGecko, but try them both and roll with whatever one you prefer.
When I’m out and about, I probably visit CoinGecko about 10x per day. It’s habitual at this point and I should probably give it a rest.
Anyway, in addition to keeping track of the prices, you can get a lot of other useful information from these sites. For example, if you want to know which exchanges a particular coin is trading on, just click on it, select “markets” and you’ll be able to see the full list.
These sites are also great for looking into the “tokenomics” of various projects as well. On the project info pages, it’ll show you how how many tokens are currently circulating and what the max supply is going to be.
DefiLlama
DefiLlama is my go-to source for keeping up with all the DeFi (decentralized finance) platforms. It provides a plethora of information – from lists of applications based on which chain they’re on, to how much “total value locked” (TVL) each of them have. If you’re interested in DeFi, I’d suggest browsing through this site. I’m sure you’ll find it extremely informative.
LookIntoBitcoin
If you want an all-encompassing view of all things Bitcoin, then this site has you covered. There are so many great charts on here, covering everything from historical market cycle data to onchain and mining metrics. If you’re a long term swing trader who appreciates a macro view of the market, you’ll find this site extremely useful for timing your entries and exists.
Altcoin Index
“Cashtags” on Twitter
If there’s a particular coin you want to gauge the sentiment on, head on over to Twitter and do a search for its “cashtag”. A cashtag is the abbreviation for a particilar token/coin (otherwise known as a ticker symbol), with a dollar sign in front of it.
For example, the cashtag for Ethereum is $ETH
The cashtag for Chainlink is $LINK
If you’re unsure what the ticker symbol is for a particular project, just head over to CoinGecko (mentioned above) and you’ll see it on there.
You can still come across some great information by using this method, but you’ll find that you’ll need to filter through a lot of spam posts – especially when sorting by “latest”. Still worth taking a look though.
CryptoPanic
CryptoPanic is a news aggregator which feeds crypto-related news from a variety of sources onto one platform, making the updates easier to keep track of. If you notice a particular coin pumping (or dumping) and you’re not sure why, check this site to see if there’s any breaking news that’s serving as the catalyst.
