The Crypto Tools We Use Daily

Louis Sykes
December 2, 2021

In an asset class with so much insightful data, it's vital to have a toolkit of data providers, platforms, and software to navigate it all.

We use a handful of tools when analyzing the crypto markets, and we thought we'd share the ones that have been valuable to our process.

Optuma

This is where a lot of the magic happens, and where most of our charts are produced in both crypto and our traditional market research.

Optuma is a technical and quantitative research platform, primarily geared toward traditional equities.

There's a ton of available tools, scanning capabilities, and custom quantitative coding where we can produce custom scans, indices, and comparisons between all the cryptos.

Along with this, there are many data visualization tools, like bubble charts, regressions, and all the other primary ways a technician would visualize price behavior.

Cryptowatch

In order to integrate crypto data into Optuma, we use a Cryptowatch API.

We also use Cryptowatch to help set alerts as well as some charting functionality.

Cryptosheets

Speaking of APIs, Cryptosheets is the best way we've found to integrate APIs into Excel and Google Sheets.

TradingView

TradingView is really the Google of financial markets, particularly so in crypto.

I'm sure you're using TradingView in one way or another every day, so there's not a whole lot to talk about here that you wouldn't already be aware of.

We particularly like using TradingView for intraday charting and live price data.

Coin Metrics

Coin Metrics is the primary data vendor we're using for on-chain data.

There's a ton of highly sophisticated ways to approach the network using Coin Metrics, like correlations, a ton of custom mathematical functions, as well as all their great data to get insights into the buying and selling intent of investors.

Glassnode

Alongside Coin Metrics, we also use Glassnode for our on-chain analysis.

There are a few basic metrics you can see on a free plan, but their T2 and T3 plans provide highly sophisticated ways of breaking down the network and behavior of investors.

CoinAnalyze

This is a free futures/derivatives data and charting platform.

You can break down the derivative market behavior and positioning of every single coin traded on a derivatives exchange, like funding rates, aggregated and separated open interest, cumulative volume delta, among many other insightful indicators.

Levitas

Like CoinAlyze, this is another free derivatives data platform where you can easily visualize open interest and funding separated by exchange for most coins as well options data.

Understanding how to use derivatives data is essential for lower timeframe trading, so we've found Levitas and CoinAlyze to be great tools to have in our arsenal.

CoinMarketCap / CoinGecko

We use both CoinMarketCap and CoinGecko primarily to see the market-cap of coins we're buying, among other things like seeing all the coins in a particular ecosystem and to compare performance stats.

We like to think of these two as almost the Yahoo Finance of the crypto world.

DexGuru / Gecko Terminal

Most charts trading in the world of decentralized exchanges can't be found on TradingView, so we use both DexGuru and Gecko Terminal to chart smaller coins traded through DEXs.

TradingLite

TradingLite is another unique visualization platform that uses limit orders on the exchange's books to create buy/sell heatmaps, sophisticated ways to analyze volume, and footprint candlestick charts.

Using heatmaps, we can place our orders around big buy/sell walls to prevent getting whipsawed, find better entries, and simply to gauge support and resistance being laid down by those who need liquidity to enter and get out of positions.  

Messari

Messari has a lot more fundamental data on coins, like their sector, key metrics, performance stats, whitepapers, and a slew of fundamental metrics.

If you want to find out what a coin actually does, Messari is a good place to start your research.

These are a few of the tools we're using on a regular basis to support our analysis into this new exciting asset class. And they'll help you step up your game when it comes to modern technical analysis of cryptocurrencies.

With so much quality data out there, it'd be a waste to ignore it.

[hide_from accesslevel="all-star-charts-crypto"]If you enjoyed this primer on crypto tools, click here to start a 30-day risk-free trial and see how we use them in our premium daily research.

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Thanks for reading, and please let us know if you have any questions!

Allstarcharts Team

 

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