Top Crypto Trading Tools to Boost Your Strategy
Cryptocurrency trading can be challenging, especially if you don’t have the right tools. Thankfully, there are some powerful tools that can make trading easier and help you make better trading decisions. In this article, we’ll focus on three of the best tools: TradingView, Whaleportal, and Glassnode. These tools are easy to use and can boost your trading strategy, whether you’re new to crypto or already experienced.
- TradingView: Easy-to-Use Charts for Better Decisions
TradingView is a popular tool that helps you track and analyze cryptocurrency prices. It provides charts that show how the price of a coin changes over time. You can also add indicators like moving averages or trend lines to these charts to help spot patterns. This helps you predict where the price might go next.
How It Helps:
TradingView is great for traders who want to use charts to make decisions. It allows you to easily see price trends and figure out if it’s a good time to buy or sell.
Key Features:
- Customizable charts
- Indicators to analyze price movements
- Easy-to-use for beginners and advanced traders
- Whaleportal: The Backbone of the Crypto Markets
Whaleportal is a unique crypto trading dashboard that presents live exchange data like funding rates, open interest but also the sentiment and many more. The data is unique to crypto and can significantly help the traders ability to make price predictions. It even tracks the emotional sentiment and helps traders to not get trapped themselves in the emotional state of the markets.
How It Helps:
Whaleportal is perfect for traders who want to stay calm and focused while trading. It helps you control your emotions and make better decisions, even when the market is volatile and help you spot opportunities that most traders would not even recognise. Every professional trader should take advantage of this platform.
Key Features:
- Live exchange data like funding rates, open interest and premium index
- Sentiment heatmaps
- Buying and selling pressure heatmaps
- Glassnode: Insights from Blockchain Data
Glassnode is a tool that shows you what’s happening on the blockchain. Instead of just looking at prices, Glassnode tracks things like how many people are holding a certain cryptocurrency, how big traders (whales) are moving their coins, and the overall market sentiment. This helps you understand what’s really happening in the market beyond price charts.
How It Helps:
Glassnode helps you see behind the scenes of the market. It gives you data on what the big players are doing, so you can predict potential market movements before they happen.
Key Features:
- On-chain data to track market activity
- Whale movement tracking
- Market insights based on blockchain information
Conclusion
Every trader needs an edge to consistently succeed in the markets. While many focus on technical analysis, a real advantage often comes from exploring data others overlook, such as on-chain metrics. However, one of the most crucial yet underestimated aspects of trading is managing your own emotions. This is where most traders fall short and end up making costly mistakes. By using a platform like Whaleportal to analyze market sentiment and regularly checking in with your own emotional state, you can gain a significant edge over 90% of other traders. Mastering both data and emotions is the key to long-term success.
