Lately I've been writing posts about trading and thought that I'd write about a website that has helped me look for good trade opportunities and setups. Hopefully what has helped me can help you out as well. In this particular post, I'll be keeping it brief as it's a very straight forward and simple to use website.
This website that I'll be writing about is a coin aggregator website like CoinMarketCap (CMC) except it's a bit different.
On CMC's website, you can view the prices of all the coins out there in crypto straight from their homepage. It essentially lists out the coins's rank, market capitalization, price, 24 hour volume, circulating supply, 24 hour price change and a mini 7 day graph on their homepage. They offer much more than just what they have on their homepage but I would say that the majority of people go to that site to check out the prices of the various coins.
CMC is a great website as a starting point to help you with your research on whichever coin. However, if all you're concerned about is checking the price, you may perhaps want to check out COIN360 (www.coin360.com).
COIN360 has a wonderful and pleasant user interface for that as they use visual representations to help you see a better picture of the entire crypto market.
Not only are coins's gains and losses represented in colours, but they're also boxed in different sizes to illustrate their market capitalization relatively to all of crypto's market capitalization. In addition to that, they even categorize the coins for your based on the coins's algorithm.
When you go to their website, you'll be presented with a homepage that looks like this:
I personally think that the "1d performance", and "Gainers & losers" drop down menus, at the top left corner, are where you will want to fiddle around with the website the most though. The other information on the website isn't that important in my opinion.
For the "Gainers & losers" tab, this is where you can look for potential trading opportunities. For example, if you see that a particular coin has dumped, you may want to consider buying that dip. Or perhaps a certain coin has pumped hard and you're thinking of potentially taking a short position on it.
Now I'm not saying that you should only buy dips or short the coins that have pumped solely based off price. There are other things that you would want to look at on the charts to help with your decision on whether you should enter a trade.
That's how I've used this website to spot coins to find trading opportunities and set ups. Again, hopefully this method can help you do the same as well.
Here's a video I made about COIN360 if you're interested:
If you liked this article, please give it a thumbs up or share it with others! You can check out my other posts here: https://www.publish0x.com/@Cryptoforcanadians.
Like what you see? Consider signing up with my link: https://www.publish0x.com?a=Mvbm9jpbYA. It takes less than 30 seconds.
If you have any questions or comments, please feel free to leave them down below as I will respond. You can also contact me at firstname.lastname@example.org. You can also message me on Telegram @cryptoforcanadians or feel free to join my Telegram group where we talk crypto: https://t.me/crypto4canadians.