The high volatility of cryptocurrencies makes the crypto market a perfect opportunity for day traders to score bigger gains than in any other market in the world.
However, to be able to do so, one has to have the access to the best possible tool for trading, as being up to date with the real-time prices and other metrics is vital for making more educated decisions.
Coinalyze.net is one such tool. It offers traders as much as they can possibly need to get out of a real-time cryptocurrency statistics website.
Simplicity is the key
Anyone expecting a modern layout and fancy design can be sure that they will get no such thing from Coinalyze.
Nevertheless, if you are someone looking for a top-notch functionality, simplicity, and user-friendliness, at the moment, you are reading about the website of your dreams.
The pure black layout is easy to navigate, and the website content is translated into:
A thorough insight
Everyone trading on cryptocurrency exchanges wants to have a thorough insight into real-time prices, moving averages, stochastics, etc. This is the part where Cionalyze dominates most other crypto stats websites.
To differentiate it from websites made for masses, Coinalyze goes in depth, providing real-time live prices of top cryptocurrencies and pairs on each of the most important exchanges, which is not the case with, for example, CoinMarketCap. See Ethereum live prices for example.
Further, besides 1 hour, 1 day, 1 week, and month highs, lows, and percentage changes, the tool offers 5 min, 15 min, 1 hour, 2 hours, 4 hours, 6 hours, and 1 day simple and exponential moving averages.
If that’s not enough, traders can help themselves with 5 other different indicators which show if the asset has been oversold, overbought or neutral during the same timeframes.
Charts are provided by TradingView and are, therefore, ones of the best out there, but on Coinalyze, users have also some other nice features to explore. Order books, trade history, trollbox (chat), real-time stats, and most recent news are nicely tied to every cryptocurrency’s chart.
There is also a section which reveals the latest candlestick patterns detected in different timeframes and the exact times of their opening and closure. Traders can find all those shooting stars, hammers, hanging men, haramis, dojis, and everything else they might have missed themselves.
Traders need to be notified
Once traders dissect everything they need to, they make a decision when they want to take positions.
In order to make it easier for them, the website, since it operates entirely in real-time, has an option to create an alert, which can be crucial in short-term trading.
Alerts are fully customizable, allowing traders to be notified about:
- Change % 1 hour
- Change % 24 hour
- Volume 1 hour
- Volume 24 hour
Moreover, traders can make as many alerts as they want, on as many pairs they want, and those will be sent to users’ emails.
Don’t expect all existing coins
Coinalyze is a professional trader’s tool, not a new coins announcement machine. Since it deals with the smallest details, it is wrong to expect it to cover the same amount of cryptocurrency market as some other websites designed for masses.
Nevertheless, on website, traders can find each and every cryptocurrency that matters:
- Stellar Lumens
- Bitcoin Cash
- Binance Coin
- Ethereum Classic
- Bitcoin Gold
- Basic Attention Token
These are just some of the cryptocurrencies traders can analyze on the website.
Free of charge
What’s most beautiful about this website is the fact that, unlike all other professional tools on the internet (not just those for trading cryptocurrencies), Coinalyze is completely free of charge. Users can even utilize most of its abilities without signing up.
However, to unleash the full power of the tool, the simplest possible signup is required, upon which traders can dive deep into the world of cryptocurrency statistics.