Introduction

Are you looking for where you can get news about cryptocurrencies? or you are looking for a crypto to invest in, you want to investigate the legitimacy of a particular crypto, you want to see charts and facts before making a trade well, looking for these things on google may be strenous as google isn’t built to focus on one body of search but is filled with spontaneous searches therefore making your research hard for you. Well dont worry your self anymore because there are now websites designed specifically to give you every information
about cryptocurrencies and as such, the leading website COIN GECKO,trading view etc
Today we will be focusing on specific investments tools which could help an investor purchase of trade the right securities with acquire data and information .

CoinGecko

Founded in 2014 by TM lee and bobby ONG who had insights to create an easy access to crypto data. Coin gecko introduces users with informative materials, calculations and interactive giveaways etc within a catalogue database system and in addition, it helps in tracking prices, volume and market capitalization . Although people may confuse Coin Gecko as an exchange or wallet services, coin gecko does not perform such functions but could link you with sites that can such as trading view(for trading) or binance etc.

Exploring COIN GECKO

To explore COIN GECKO firstly we have to go on the site source

When you open your Coin gecko account or site, the homepage first displays a large number of coins and tokens with bitcoin leading it.However there are thousands of coins to go through by which you can help refine your search by going to the search option above. Coin gecko also makes your search easier by adding the data and wealth of the crypto that a user may wish to follow. This is basically a search engine for crypto.

As you can see above coin gecko shows the amount of cryptocurrencies and data within its data base . Coins and token are up to 8799, the total global market cap ranking up to $1.63 trillion and a 2.3% increase in the last24hours, a total trading volume of $106billion, bitcoin dominance @44% and etherum at 18.6% and popular trends of the industry right now are Defi and play to earn.
Asides all these there are some major features of which Coin Gecko is comprised of which makes it authentic and reliable

FEATURES OF COIN GECKO

• HOMEPAGE

This is the first page that comes up once the website is opened. It contains a bunch of other features such as the search bar , menu bar, account option and other necessary crypto information as well as a lengthy list of about 8,799 coins within the list. The first 100coins are ranked by their market cap. A bunch of other links are also available on the menu such as filter, explore coins, portfolio etc

• SEARCH
  Right on the homepage and above the menu bar lies the search bar. Due to the large database of the website, users may experience a stress or difficulty to finding a specific information and do the search helps navigate users to where they need to be. Simply type the name of the coin or its abbreviation and its pops up on the engine.

• DERIVATIVE MARKET TRACKER

A more prominent but hidden feature is the derivative market tracker, newbies may not know what this is for. Derivative markets can be defined as financial markets for specific financial instruments that can be based on values of an investors assets. This feature helps investors track such markets using the Coin Gecko app

• NFT TRACKER
  Just like derivatives, non fungible tokens can be tracked using the NFT tracker feature. NFTs are coins much like other crypto coins like BTC although they cant be traded or exchanged for another. This feature shows different NFTs and spotlights a few.

• ACCOUNT LOGIN/SIGNUP
  This feature can be found on the coin gecko website for users who wish to create a coin gecko account or log into a preexisting account . There is a login option for a preexisting account and a signup account to open one each requiring your email and password.

TRADING-VIEW PLATFORM

Trading view is a platform which was built for a purpose which is to permit trading among investors in the financial market. Its one of the largest social network for traders and investors on the market. Thousands of ideas and streams are published everyday on this site and not just that, you can as well broadcast and publish your analysis for other traders as well.

Part of the feature of this site includes tools such as the chatting, screeners, drawing and table to help users make technical analysis and edit their charts however it may please them. It also comes with some other handy technical tools such as indicators which can help investors make right trades and also chart patterns which can be customized futher more to suite the taste of its user.

How to add a technical indicator on trading view

• Firstly you open up the trading view site using tradingview

• Next on the right hand side of your phone screen , you’ll find the menu bar which when opened reveals a number of options, select charts

• After selecting charts you are redirected to the chart page
  

• Next you click on fx indicator which is above the charts

• When you select fx indicator, you are directed the the option menu where you can search the indicator you would like to use. For my illustration, ill be using the RSI ( relative strength index)

• Click on it once and it appears back on the chart,

To configure the indicator you follow these few steps
1- click on the RSI bar and choose settings
2 - a bunch of settings pop up such as style, inputs and visibility

• My current length is at 14 but ill change it to 50 and ill style my rsi chart by changing the line from purple to green.

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Trading view can be regarded as one of the best sites to perform technical analysis. It’s easier to use and its configurations helps differentiate and understand charts better than ever. So if you’re a newbie it’s highly recommended.

cryptocurrency portfolio

This can be defined as a software which is designed to manage an investors inventory of their online currency investments. It helps to track a coin’s performance and provides its user with helpful analytical tools.

A well managed portfolio helps an investors tominimize losses and maximize profits on the market. Since cryptocurrency is a very high volatile asset it dip and rise so fast in less than a minute due to this, an investor would need to share their capital into different assets to reduce losses and make profits off assets with a short term tenure. A cryptocurrency portfolio would consist of various cryptocurrencies that have been picked together such as BTC, ETH, Steem etc

Cryptocurrency watch list

Like the name the watch list comprises of a list of cryptocurrencies which helps an investor keep tabs of their performance to enable them make investment decisions.

There are thousands of crypto currency’s and you can’t necessarily monitor all of them so what do you do? You select the most promising which you would like to look into and monitor their moments to you've made you’re ready to invest

Need for portfolio management

In everything you do and every decision you make you must be well planned and prepared for it most especially financial decisions. Ever heard the saying, “ never put all your eggs in one basket” this is because its risky and a mistake could make you loose it all likewise in cryptocurrency. Due to its volatility and change rate anything can occur and hence its not advisable for an investor to focus all their capital on one aspect but instead he or she should diversify them.

A portfolio helps solve this issue, with a well laid down plan on various securities or assets to obtain you can share your capital amongst them reducing your risk. Now for example if you have chosen 3 well thought out crypto assets and you invest in all of them and one fails but the other two succeed , that way you've made no significant loss in-fact you've made no loss at all as your profits have covered it all.

watch list

• BTC/USD- as you can see the diagram shows the current price the currency, its change within the time. Bitcoin has had a significant increase to $41098 unlike its previous dip it seems to have a potential increase within the time. Which in turn will affect other crypto counterparts

• ETH/USDT- the usdt pair mirrors the currency fo the US dollars but in its digital form. Hence dince i couldn’t get USD i subsituted for this. I believe the future rise in bitcoin would as well affect an increase in etherum. It has had some few positive changes iver the hours and its current price is as 2825.50.

• TRX/USDT

Using the RSI indicator the flow of tron at the moment is uncertain but after its last dip it seems to have been flunctuating for quite a while. So ill keep an eye on it till i decide on what move to make nect

• DOGE/USD
  Doge had been a very promising coin but this will be perfect to trade with. At yhe moment it doesn’t shpw any significant move for an increase in price, i confirmed it using mu RSI indcator so i believe the price may dip and go back to its current price

• STEEM/BTC

Due to BTCs improvement i guess it may have affect the steem coin. Using the RSI i have confirmed an upward trend which is why I decided to invest in it.

In conclusion

Cryptocurrency can be a very risky market at times which is why investors should be equipped with as much help as they can get. I talked about the COIN GECKO which is basically a search engine for every related crypto information which would be essential before making decisions on which assets to purchase or sell.

We also talked about trading view which has analytical tools to help traders and investors predict future markets with the helps of indicators such as MACD,Rsi,Pivot etc it also comes with drawing tool and configuration options to help make the work more understandable, its an easy to use site and finally with the help of these tools and sites you can be able to decide on a portfolio and make a strong watch list to help decide your investment decisions and ensure you make profits.

Cc
@reminiscence01