Best Crypto Charts for Traders December 2023 (And How to Read Them)
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Our crypto tax experts have rigorously evaluated and recommended the top crypto charting platforms. Our top picks of the best crypto charts include Coinigy, CryptoView, and TradingView.
Reliable crypto charts are essential for traders to analyze price data and make informed decisions in the volatile cryptocurrency market.
Our top picks for the best crypto charts of 2023
Crypto charts can help traders analyze price data of crypto assets and are essential tools to make informed decisions in the volatile and fast-moving cryptocurrency market. Here are our crypto tax professionals' top picks of the best crypto charts available on the market today, followed by further recommendations and reviews so you can quickly identify the best crypto chart for your level of experience and trading goals.
Methodology
How our crypto tax professionals selected the best crypto charts
Best crypto charts for traders
Here are expert picks of the best crypto charts available so you can tackle your crypto trades with accurate information and thorough analysis.
Coinigy
Best crypto chart app for altcoins
Coinigy stands out as a premier crypto portfolio management app and charting website. It simplifies trading while preserving robust analytical capabilities, making it equally appealing to newcomers and seasoned traders.
CryptoView
Best crypto chart app for several exchange accounts
CryptoView presents a well-designed platform for charting cryptocurrencies across multiple exchanges. Its unique interface sets it apart from other options, offering synchronization of multiple crypto trading accounts and wallets in one central hub. This makes it equally valuable for both experienced traders and newcomers to the crypto scene.
CryptoWat.ch
Best crypto chart app for comprehensive tracking
CryptoWat.ch is a user-friendly platform for tracking various cryptocurrencies across multiple exchanges, providing real-time market data and advanced charting tools.
GoCharting
Best live crypto charts for multiple assets
GoCharting is a versatile charting tool that caters to traders and investors in various markets, including crypto, forex, stocks, futures, and options.
Insilico Terminal
Best free crypto charts for custom indicators
Insilico Terminal, a relatively recent addition to the charting tools arena, offers some of the best free crypto charts. It aims to equip retail traders with the advanced features typically reserved for professionals. Since its launch in 2021, it has gained global recognition for its professional-grade tools.
MetaTrader 4
Best free crypto charts for advanced technical traders
MetaTrader 4, a top choice among professional and retail traders since 2005, is a highly customizable trading terminal. It goes beyond standard web-based platforms, allowing charting for both cryptocurrency and traditional markets. While its appearance may seem basic to newer crypto traders, it conceals immense potential for crypto trading.
Orion Terminal
Best live crypto charts for DEX traders
The Orion Terminal provides a distinctive decentralized trading experience, granting users the ability to devise intricate strategies and carry out trades across various exchanges through a unified entry point. In contrast to traditional cryptocurrency charting tools, Orion Terminal seamlessly merges with the Orion Protocol cryptocurrency initiative, enabling users to access the platform using a crypto wallet rather than a conventional centralized system.
Quadency
Best live crypto charts for multiple exchange trading
Quadency is an all-in-one cryptocurrency platform that enables users to connect with multiple cryptocurrency exchanges for charting and trading from a single dashboard. Say goodbye to the hassle of managing several crypto exchanges, storing assets on various platforms, and struggling to execute trades efficiently.
TradingView
Best live crypto charts overall
TradingView stands as one of the few all-in-one charting platforms. It empowers users to devise strategies across various markets, create automated scripts with Pine, set up email/mobile price alerts, and effortlessly screen assets for opportunities. TradingView boasts an extensive array of technical crypto indicators and includes popular chart patterns to complement trading strategies.
What are crypto charts?
Crypto charts are graphical representations of the price movements of cryptocurrencies. These charts help traders and investors analyze and interpret the historical price data of digital assets. They are essential tools for making informed decisions in the cryptocurrency market.
How to read crypto charts
The ability to read crypto charts, particularly candlestick charts, is a valuable skill for traders and investors. Candlestick charts display price data in a format that reveals market sentiment and trends. Here's a breakdown of how to read them.
Candlestick Basics: Each candlestick represents a specific time period, and its shape and color indicate price movement during that period.
Colors: Green or white candlesticks represent price increases (bullish), while red or black candlesticks represent price decreases (bearish).
Body and Wick: The candlestick consists of a body and wicks. The body represents the price range between the opening and closing prices, while the wicks show the highest and lowest prices during the period.
Length: Longer bodies and wicks indicate more significant price movements and higher volatility.
Patterns: Patterns formed by consecutive candlesticks, such as doji, engulfing patterns, or harami, can indicate potential reversals or continuations in price trends.
Crypto chart patterns bullish vs. bearish
Understanding crypto chart patterns is essential for traders looking to identify potential buy and sell opportunities. Here are some common patterns and their implications.
Bearish patterns include:
Shooting Star: A shooting star pattern suggests a potential price reversal from bullish to bearish.
Bearish Engulfing Pattern: This two-candlestick pattern may indicate a shift from bullish to bearish momentum.
Bearish Evening Star: A three-candlestick pattern that may indicate the end of an uptrend.
Bearish Harami: This two-candlestick pattern during an uptrend may suggest a reversal.
Bearish Harami: Cross A two-candlestick pattern in an uptrend, which can suggest a reversal.
Bearish Falling Three: A five-candlestick pattern indicating a continuation of a downtrend.
Bullish patterns include:
Bullish Engulfing Pattern: This pattern can signal a shift from bearish to bullish momentum.
Bullish Harami: During a downtrend, a bullish harami can signal a potential reversal.
Bullish Rising Three: A five-candlestick pattern indicating a continuation of an uptrend.
Why do crypto charts matter and how TokenTax can help
Crypto charts are crucial because they provide insights into market trends, allowing traders and investors make informed decisions. TokenTax is a valuable tool that can assist with crypto tax reporting, making it easier to manage your crypto investments and tax liabilities.
Through integrations with popular exchanges, TokenTax automates the tracking and reporting of your crypto transactions, saving you time and ensuring tax compliance. Crypto traders at every level can benefit from our crypto tax software, backed by a proven team of crypto tax professionals.
Schedule a FREE crypto tax consultation
Best crypto charts FAQs
Here are answers to frequently asked questions about the best crypto charts.
How do you use a crypto chart?
You can use a crypto chart to analyze historical price data, identify patterns, and make informed trading decisions. It's a visual tool that helps crypto users understand market sentiment and trends.
What is the best crypto charts app?
The best crypto chart application for you will depend on your preferences and goals. Generally, we prefer TradingView for its ease of use and educational content.
Who offers the best technical analysis for learning crypto charts?
TradingView stands out for its robust community and educational content. It provides access to live streams, trading ideas, and professional insights, making it an excellent platform to learn technical analysis while accessing some of the best live crypto charts available.
What charts should crypto investors use?
Crypto investors often use a combination of candlestick charts, line charts, and various technical indicators to analyze price data effectively. The choice of charts depends on individual trading strategies and preferences.
Which website is best for crypto analysis?
TradingView, CryptoView, and Coinigy are popular choices for in-depth crypto analysis and charting. Each offers unique features and tools to cater to different analytical needs.
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