Crypto Swing Trading Summary (C10): Resources

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Having the right tools and resources can make a big difference when deciding which trades to take.

There are many out there. Some are good, but many are a waste of time.

Here are some that Jide recommends.

A trading platform is where you buy and sell your crypto. There are many to choose from, and also many scams.

Try out a few of the more well-known ones and decide which platform you find easiest to use. You also want to consider the range of coins they offer.

Binance and Kraken are recommended. They both have good functionality, security, asset variety, and mobile apps for trading on the go.

It’s also good to have multiple trading platforms. You will have a larger range of assets to trade, and it is also a good backup in case one runs into temporary technical difficulties for whatever reason.

As you know, candlestick charts are essential for technical analysis.

TradingView is probably the most well known (and best) there is. Many platforms have TradingView built into their systems, but if not, then you can use it natively.

Pinescript is a platform that connects to TradingView. It allows you to automate your tactics and do backtesting, but comes with its own learning curve.

There is no shortage of information on crypto and swing trading. The hard part is filtering what is good and what is junk, and believe me, there is a lot of junk.

CoinDesk and Cointelegraph are recommended.

Social media such as Twitter and crypto specific sites such as BitcoinTalk can be good sources too, though it is very important to verify everything independently as there is a lot of noise in all social media.

Glassnode and CryptoQuant will provide good on-chain analysis. This can give you insights such as network activity and whale movements.

You could also join a traders club to share ideas and get feedback, though you must be wary of groups with their own agenda, such as pushing specific coins too hard.

If you want to delve deeper into data, try out TensorCharts.

The Tie or Santiment measure social media sentiment, which guides you on the overall market mood.

Crypto volatility indexes (such as BVOL) can also be useful.

Technology can be a huge help when making trading decisions, but they are not the end-all-be-all.

The crypto market is complex and there are many things tools don’t take into consideration, such as human emotion.

To be a successful trader, use these things to inform decisions, not to make them.

Read the next chapter here.

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