If you want to be hands-on with your bitcoin investment and trade in and out of the digital currency to generate a profit, you will need the best bitcoin charting tools. In this article, you will be introduced to the three leading charting platforms you can use to make better investment decisions when trading bitcoin.
Best of Bitcoin: Charting Tools
|Platforms||BMJ Rating||Cost||Free Trial||Mobile App||Altcoins Supported||Exchange Integration|
|TradingView||4.5/5||$9.95 - $39.95/month||Yes||Android & iOS||Yes||No|
|CoinTracking||4/5||0.04 BTC - 0.52 BTC||Yes||Android||Yes||No|
TradingView is one of the most established charting tools in the market. It was launched in 2011 as a community platform where traders can share their analysis and trading signals. Initially, the platform’s core focus was on established financial securities and commodities. Recently, however, TradingView has added bitcoin and a wide range of other digital currencies to accommodate the rising demand for this new asset class.
TradingView enables users to leverage a variety of technical analysis tools to analyze the price movements of bitcoin and other assets. Technical indicators such as MACD, Bollinger Bands, and the Relative Strength Index can be used to develop technical analysis-based trading strategies. Furthermore, Tradingview enables users to share their trade ideas with each other and discuss them within the platform’s social network. Check it out at TradingView.com.
CoinTracking was launched in 2013 to serve as a digital currency investment portfolio oversight and management platform. CoinTracking enables users to keep track of all their digital currency investments in one place and provides a charts and trends feature that allows users to deploy a range of technical analysis indicators to discover trends for all their favorite digital currencies.
Probably CoinTracking’s most prominent feature is the automatic generation of tax reports. This is becoming an increasingly important issue for bitcoin traders, as tax authorities and financial regulators are starting to keep a close eye on digital currency trading activities. The platform’s tax reporting feature is excellent for busy traders who want to ensure that all their digital currency trading activities are properly reported to the tax man. Check it out at CoinTracking.info.
Coinigy was launched in 2014 to provide professional digital currency traders with tools and market data to help them make better investment decisions. Coinigy not only provides historical and real-time price data on a wide range of digital assets, it also provides excellent charting tools and links in with several exchanges.
Coinigy allows both financial institutions as well as individual traders to deposit funds, monitor their portfolios, analyze market trends, and execute their trades all in one place.
If you are looking to actively manage a broad portfolio of digital assets and you prefer to do that using only one platform, then Coinigy is your go-to solution. Coinigy goes beyond being a charting tool to providing a one-stop shop for digital currency investors and is therefore definitely worth its comparatively high fee.
If you are simply looking to buy and hold bitcoin, then charting tools will only play a minor role for you and your bitcoin investment. However, if you want to take an active approach to investing in bitcoin and other digital assets, then having the right charting tools can make a big difference in the long run. Check it out at Coinigy.com.
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