TOP 10 useful tools for Bitcoin trading and analysis
Trading and crypto investing require constant analysis and monitoring. Market participants need to keep track of all their trades to improve results and find errors.
Trading will be haphazard if you don’t use additional instruments, and the results will be uncertain. Crypto exchanges provide a terminal for trading and charting tools, but their capabilities are limited.
Therefore, traders need additional tools that will increase the convenience when working with cryptocurrencies. In this article, I’ll talk with you about different trading and analytical tools.
1. The GBTC Premium (%)
Grayscale Bitcoin Trust (GBTC) is an open-ended grantor trust based in the United States of America, and the actions of its traders and trust managers directly affect the price movement of Bitcoin. In my opinion, starting from 2020, the GBTC premium or discount rates have become extremely important for understanding the well-being of Bitcoin. I think that this relationship will continue in the future, so you should oversee this, no matter you are a beginner or a professional trader.
How to interpret the indicator signals?
Conditions for swing trading and long-term trading:
