Crypto Academy Season 3 Week 6 - Beginner's Course | Cryptocurrency Investment Tools.

INTRODUCTION

Greetings to you my friend. How are you doing, I hope you are having a nice time. Today, I am here to discuss with you about about my homework task that was given by professor @reminiscence01, on the topic: Cryptocurrency Investment Tools.

1. a) Explain CoinGecko and why it is a good cryptocurrency investment tool.

About CoinGecko

CoinGecko is a very popular website which is also available on mobile app,that is use by traders to obtain information concerning the performance of different cryptocurrencies that is available. CoinGecko help traders in displaying trading volume, price fluctuations, price info and other useful information that traders might be looking for using real time data over a period of time which usually start from 1 hour to 1 week, based on how important the information is.

CoinGecko was created in 2014 by TM Lee (CEO) and Bobby Ong (OO) and also started it operation at that very same year. The aim of CoinGecko is to democratize the access of cryptocurrency data and empower users with relevant information. It also deliver valuable insights to users by giving out cryptocurrency reports, publications newsletter and so on.

Why CoinGecko is a good cryptocurrency investment tool.

CoinGecko is a very good cryptocurrency Investment tool based on the following underlined reasons which are;

• CoinGecko help users to be able to know the volume of cryptocurrencies in the market and their historical chart that helps traders to know the performance of any crypto on the market.

• It is also a good investment tool as it can be use to explore several exchange in the market.

• CoinGecko allow users to view price difference, liquidity levels and also to partake in arbitrage opportunities of several cryptocurrencies that are in one reliable space.

• CoinGecko is also good investment tool as it help traders to make sound decisions based on the ranking of the top 100 best cryptocurrencies that they can relay and invest on.

b) Explore CoinGecko and explain at least 5 unique features of the platform (Take a screenshot of the page).

Before is start explaining five unique features of CoinGecko, let me start by explaining the homepage. The CoinGecko landing page, is the homepage of CoinGecko where a list of top 100 trending cryptocurrencies are display. At the default page, coins are display under the market view. Traders can view and see crypto prices under the "All Time High tab".

Now let's take a look at the 5 unique features below;

Categories

This features is at the landing page of CoinGecko, when you click on the categories tab, you will see a details of cryptocurrencies that are listed according to their categories. Some of the things that are available in the categories list are; Exchange-bases tokens, Binance smart chain ecosystem (BSC), Automated Market Maker (AMM), Stablecoins, Yield farming an so on.

View All-Time High

This feature allow you to instantly view the all time highs of some cryptocurrency at a glance, together with the drop in the value of such cryptocurrency. It also allow users to compare the top 100 cryptocurrencies based on their all time high. From the screenshot above you can see that Bitcoin (BTC) reached it's all time high of $. on march, and has drooped to 56%.

Rank Coins By Developer Activity

This features is one of the well-known features of CoinGecko,that all users to view coin that is ranking based on developer activity. At this feature you will see charts that display the number of stars,watchers, forks, and those that make contribution towards any token project. From the screenshot we can see that Stellar and Vechain are leading in the development Activity while in the crypto market there are not toping. This mean that the developer activity help users to find good cryptocurrencies that they can simply invest.

Recently Added Coins

This features allow users to check on the coin that is just added recently with some information like market capitalization on CoinGecko.

Crypto Exchange Ranking

This is another wonderful feature of the CoinGecko platform, where a list of different cryptocurrencies exchange that supports the use of contract trading and spot. On the Trust Score you can see that Binance is the first on the list follow by Coinbase.

2. a) Give a brief explanation of Tradingview platform.

TradingView platform is an online stock picking platform and screener that serve both experienced traders and beginners traders. There is a cloud based charting tools that is installed in TradingView to enable users share information with other traders that are active online.

TradingView was first created as a social platform for traders that are active with it own scripting language as a feature that allows users to customize charts and indicator in the way they can understand.

b) Explain the steps involved in adding indicators on Tradingview chart. You can add any indicator of your choice except moving average. (Screenshots required)

I will be discussing on how you can add Pivot Point Indicator on TradingView chart, with the help of the steps below;

Step 1: Go to https://www.tradingview.com and click on chart on the landing page.

Step 2: At the Candlestick of your TradingView chart click on fx indicator as shown from the screenshot below.

Step 3: Under Indicator and Strategies you will see a search bar, type in Pivot Points and select Pivot Points Standard to see a chart.

Step 4: Once you have apply the Pivot points standard you will see something like this on your chart as shown from the screenshot below.

c) With relevant screenshots, illustrate how to modify the indicator you have added to your chart.

• To be modify the indicator you have added to your chart is to click on traditional auto as shown from the screenshot.

• Then click on type box to explore Pivot point. If you have done this you will see Fibonacci, Classic, Woodie, DM and Camerilla.

• Click on style to modify the signal and pivot such as the Pp purple,S2, R2 in red, S1, R1 in green and so on.

3. a) In your own words, explain cryptocurrency Portfolio and Watchlist.

Cryptocurrency Portfolio is simply a platform that manages the Investments of an investors online. The platform helps investors to keep a track on the performance of each cryptocurrencies and also provides analytical tools. Some cryptocurrency portfolio platform provide traders with live feeds and pricing updates from crypto exchanges.

Watchlist

Watchlist is a list of special cyptocurrency that are to receive special attention. As an investor, all you have to do is to select those cryptocurrency that you think need special attention as your watchlist, since there as over 8000 cryptocurrency in the market.

b) Explain the need for Portfolio management.

The need for portfolio management is very essentials to every investors, because it helps an investors to minimize losses and maximize they profits in the cryptocurrencies market. And also it helps help investors to keep a track on they coins.

c) Select 5 cryptocurrency assets you wish to add to your Watchlist and explain your reason for selecting each of them. (Show screenshot of your Watchlist. It can be any platform).

I this post, I have selected VET, TRX, STEEM, USDT and 1 INCH and added them on my watchlist as the cryptocurrencies that are very special to me. The reasons for selecting them is that their are the coins which I have already invested on. I fine these 5 cryptocurrency assets worthy enough to be on my watchlist because I know their have a future prospective growths, which is the major reason want to keep an eyes on them very well.

Thank you......

Best Regards;

@reminiscence01