If you’re looking to sharpen your crypto analysis skills, TradingView is the perfect tool to get ahead. It’s packed with everything you need to study the markets and make better decisions. Whether you’re just starting out or already know your way around, you’ll find features that help you understand crypto movements more easily.
From interactive charts to custom indicators, TradingView has earned its place as a go-to for traders worldwide. TradingView boasts over 30 million active users—a number that’s hard to ignore.
As Warren Buffett once said, “Risk comes from not knowing what you’re doing.” TradingView helps you reduce that risk by giving you the tools to analyze and understand the crypto market better.
Key Takeaways
- TradingView is a powerful tool for real-time crypto analysis, offering customizable charts and indicators.
- Day traders benefit from TradingView’s fast data, advanced alerts, and chart flexibility.
- Paid plans unlock premium features, including more indicators, alerts, and real-time data for serious traders.
- TradingView’s community and tools help you make smarter, faster decisions in the ever-changing crypto market.
“TradingView has over 30 million active users globally, making it one of the most popular charting platforms in the world.”
What is TradingView?
TradingView is a good online charting platform designed to help traders analyze financial markets with ease. While it’s popular across various asset classes like stocks, forex, and commodities, it has become a favorite for crypto traders due to its user-friendly interface and features.
TradingView offers real-time data, customizable charts, technical indicators, and a vibrant community where traders can share ideas and strategies. Whether you’re day trading, swing trading, or investing for the long term, TradingView provides the tools to make informed decisions.
What sets TradingView apart is its versatility. You can access it from your desktop, mobile device, or tablet, allowing you to monitor the markets anytime, anywhere. And because it’s web-based, there’s no need to install anything—just create an account and you’re good to go.
But TradingView is not just about data and charts; it’s a whole ecosystem where you can learn and collaborate. The platform includes social features, like the ability to follow expert traders, share your own trade ideas, and even join discussions on specific assets.
With millions of traders worldwide using TradingView, it’s an excellent place to grow your crypto analysis skills.
How to Use TradingView for Crypto Analysis
Getting started with TradingView is easy and only takes a few minutes. Here’s a simple guide to set up your TradingView account and start analyzing crypto like a pro:
- Create an Account
Visit the TradingView website and sign up for a free account. You can start with the basic plan, which gives you access to the essential tools. As you get more advanced, you may want to explore the premium plans for additional features like multiple chart layouts, advanced alerts, and backtesting capabilities.
- Customize Your Profile
After signing up, you can personalize your profile. Add a profile picture, write a short bio, and connect with other traders. This helps you integrate into the TradingView community and allows others to see your ideas and follow your strategies.
- Choose Your Crypto Markets
Once your account is set up, navigate to the search bar at the top of the page. Here, you can search for any cryptocurrency, whether it’s Bitcoin, Ethereum, or a lesser-known altcoin. Select your desired crypto, and TradingView will load its chart.
- Set Up Your Chart Layout
One of the first things you’ll want to do is customize your chart layout. TradingView offers a variety of chart types—candlesticks, line charts, bar charts, and more. Most crypto traders prefer candlestick charts for their ability to show price movements in detail. You can switch between different timeframes (e.g., 1 minute, 1 hour, 1 day) depending on your trading strategy.
- Add Indicators and Tools
TradingView provides hundreds of technical indicators like moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Fibonacci retracement tools. Simply click on the “Indicators” button at the top of the chart and select the ones you want to apply. You can also use the drawing tools to mark support and resistance levels or trend lines.
- Set Alerts
One of TradingView’s most useful features is the ability to set alerts. These can notify you when a cryptocurrency hits a certain price or crosses a technical indicator. Alerts help you stay on top of market movements without needing to watch the charts all day. To set an alert, just right-click on the chart, select “Add Alert,” and customize it according to your preferences.
“TradingView offers access to over 100 global exchanges, covering stocks, forex, crypto, and more.”
How to Read Charts in TradingView
Once you’ve set up TradingView, the next step is to understand how to read the charts. Chart reading is fundamental to crypto analysis, and TradingView offers a comprehensive set of tools to help you get the most out of your charts.
Candlestick Patterns
Most crypto traders rely on candlestick charts because they provide a detailed view of price movements over time. Each candle represents a specific period (e.g., 1 minute, 1 hour, 1 day) and shows the opening, closing, high, and low prices for that period.
If the candle is green, it means the price closed higher than it opened (bullish), while a red candle means it closed lower (bearish). Learning to recognize common candlestick patterns—like doji, hammer, and engulfing patterns—can help you predict future price movements.
Timeframes
TradingView allows you to switch between different timeframes, ranging from one minute to one month. Shorter timeframes (like 1 or 5 minutes) are useful for day traders who need to make quick decisions based on short-term price movements.
Longer timeframes (like daily or weekly) are better for long-term investors looking at bigger trends. You can switch timeframes using the drop-down menu above the chart.
Technical Indicators
TradingView supports hundreds of technical indicators that can help you analyze crypto markets in-depth. Here are a few essential ones:
- Moving Averages (MA): These smooth out price data to help identify the overall trend. You can use different periods, such as a 50-day or 200-day moving average, to gauge whether a cryptocurrency is in an uptrend or downtrend.
- Relative Strength Index (RSI): RSI measures the speed and change of price movements, indicating whether a crypto is overbought or oversold. When the RSI is above 70, the asset is considered overbought, and when it’s below 30, it’s seen as oversold.
- MACD: This indicator shows the relationship between two moving averages and helps identify changes in momentum. When the MACD line crosses above the signal line, it’s a bullish signal, and when it crosses below, it’s bearish.
“TradingView’s mobile app has been downloaded over 10 million times, highlighting its accessibility.”
How to Use Trading Charts on TradingView
As earlier stated, trading charts are at the core of every crypto analysis strategy, and TradingView offers an array of features to improve your understanding of price movements.
From selecting your trading instruments to customizing charts with technical indicators, TradingView allows you to tailor everything to suit your needs. Here’s how to use TradingView’s charts like a pro.
Select Your Trading Instruments
The first step in using trading charts is to select the specific crypto assets you want to analyze. TradingView supports a wide range of cryptocurrencies, from popular ones like Bitcoin and Ethereum to lesser-known altcoins.
To select your instrument, use the search bar at the top of the TradingView interface. Type in the name or ticker symbol of the cryptocurrency you’re interested in (e.g., BTC for Bitcoin, ETH for Ethereum).
Once you’ve found your desired crypto, click on it, and the chart will automatically load with live data from multiple exchanges. You can also choose which trading exchange’s data you want to use if you prefer one over the other.
Add a Comparison
One powerful feature of TradingView is the ability to compare different assets on the same chart. This is especially useful in crypto trading because it allows you to see how different coins move in relation to each other. For instance, you may want to compare Bitcoin with Ethereum or see how an altcoin moves relative to Bitcoin.
- To add a comparison, click on the “Compare” button at the top of the chart.
- Type in the name or ticker of the asset you want to compare, and TradingView will overlay its chart onto the one you’re analyzing.
This feature is excellent for spotting correlations between assets, helping you make more informed decisions. It can also be used to compare cryptocurrencies to other markets, like stocks or forex, giving you a broader view of market conditions.
Choose a Timeframe
The next step in setting up your trading chart is selecting the right timeframe. Depending on your strategy, you might want to focus on short-term price movements (like 1-minute or 5-minute charts) or analyze long-term trends (like daily or weekly charts).
You can easily change the timeframe by clicking the dropdown menu next to the chart’s ticker symbol. TradingView offers a wide variety of timeframes, ranging from seconds to months.
Day traders often rely on shorter timeframes (e.g., 1-minute, 5-minute, 15-minute) to make quick decisions, while long-term investors use daily, weekly, or even monthly charts to track bigger market trends.
Select a Chart Type
TradingView provides various chart types to suit different trading styles. The default option is usually the candlestick chart, but other types like line charts and bar charts are also available, each offering a unique way to visualize price movements.
- Candlestick charts are the most popular among crypto traders. They show detailed price action by displaying the opening, closing, high, and low prices for a given period.
- Line charts are simpler and only display the closing price over time. These are ideal for getting a quick overview of a trend without the noise of intra-period price fluctuations.
- Bar charts also show price action but in a slightly different format than candlesticks, with lines extending to indicate the high and low prices and a tick on either side to mark the open and close.
To change the chart type, click the chart icon at the top of the TradingView interface and select your preferred type. Each chart type has its strengths, so it’s worth experimenting with them to see which one suits your analysis style best.
Add Your TradingView Indicators
Indicators are key tools for any trader looking to get an edge in the markets. TradingView offers an extensive library of indicators that you can apply to your charts to analyze trends, momentum, volatility, and more.
- To add indicators, click on the “Indicators” button at the top of your chart. This will bring up TradingView’s library, which includes popular options like moving averages, RSI, MACD, and Bollinger Bands.
- Simply search for the indicator you want to use and click on it to apply it to your chart. You can apply multiple indicators at once to build a comprehensive trading strategy.
Each indicator provides different insights—moving averages help smooth out price data to identify trends, while the RSI can signal when an asset is overbought or oversold. Experiment with different combinations to find what works for your trading style.
Save Your Indicator Template
If you find yourself using a specific set of indicators regularly, TradingView allows you to save your custom setup as a template. This way, you won’t need to manually add the same indicators every time you open a new chart.
- After you’ve applied your desired indicators, click on the “Template” icon (next to the Indicators button) and select “Save Indicator Template.”
- Give your template a name and save it. Now, anytime you open a new chart, you can quickly apply all your favorite indicators with just one click.
This is a huge time-saver for active traders who frequently analyze different crypto assets but rely on the same core set of indicators.
Customize Your Charts
One of TradingView’s standout features is its ability to customize charts to match your personal preferences fully. Whether it’s changing the color scheme, modifying how candles or bars are displayed, or adding annotations, you can tailor the chart to suit your needs.
- To customize your chart, right-click anywhere on the chart and select “Settings.” From here, you can adjust everything from candle colors to background shades.
- You can also use TradingView’s drawing tools to add annotations like trend lines, support and resistance levels, or even your own notes directly on the chart. These tools are invaluable for visualizing key price levels and developing strategies based on historical price action.
Personalizing your chart layout not only makes it easier to interpret but also helps ensure you’re focusing on the right information for your analysis.
“It boasts over 400 built-in indicators and strategies.”
How to Execute a Trade on TradingView
Source: TradingView website
TradingView isn’t just for analysis—it also allows you to execute trades directly through the platform if you’re connected to a supported broker or exchange. Here’s a step-by-step guide on how to execute trades and manage your risk using TradingView’s interface.
Take Profit and Stop Loss
Take profit (TP) and stop loss (SL) are essential tools for managing risk in your trades. A take-profit order automatically closes your trade when the price reaches a predefined level of profit, while a stop-loss order closes your trade when the price moves against you to prevent further losses.
When you’re ready to place a trade, you’ll see options to set your take profit and stop loss levels in the order form. You can input specific price levels or use percentages to define how much you’re willing to gain or risk on a trade.
These features allow you to automate your risk management, ensuring that emotions don’t influence your decision-making once a trade is open.
How to Adjust the TP and SL
After you’ve opened a trade, you might want to adjust your take profit or stop loss levels as market conditions change. TradingView makes this easy by allowing you to modify these levels directly on the chart.
Simply drag the horizontal lines representing your TP and SL to new price levels. Alternatively, you can adjust them manually in the order panel if you prefer more precision.
As the market evolves, you may decide to move your stop loss closer to the current price to protect profits (known as a trailing stop) or adjust your take profit target if you see the potential for a larger move.
Being able to adjust TP and SL in real-time gives you more flexibility in managing trades as market conditions fluctuate.
Set an Alert
Alerts are one of the most useful features in TradingView. They allow you to set notifications for price movements, helping you stay on top of the market without having to constantly watch the charts.
- To set an alert, click on the “Alert” button at the top of the screen. You can customize alerts based on price levels, technical indicators, or specific market conditions.
- For example, you could set an alert to notify you when Bitcoin crosses a key support or resistance level, or when a moving average crossover occurs.
Set a Buy/Sell Order
Executing a trade on TradingView is straightforward once you’re connected to a broker or exchange that’s compatible with the platform. You can place both market and limit orders, giving you flexibility in how you enter the market.
To set a buy or sell order, click on the “Buy” or “Sell” button at the top of your chart. A trade panel will open where you can input the amount you want to trade, choose the order type (market or limit), and set your take profit and stop loss levels.
Market orders are executed immediately at the current price, while limit orders allow you to specify a price level at which you want to enter or exit the trade.
Once you’ve set your order parameters, confirm the trade, and it will be executed according to your specifications.
“TradingView users can access real-time insights on over 700 crypto assets.”
TradingView Account Plans
TradingView offers multiple pricing plans designed to cater to both casual traders and professional investors. While the free version of TradingView is quite robust, paid plans unlock additional features that can significantly enhance your trading experience.
The table below summarizes the information regarding TradingView’s plans.
| Plan | Price | Who it’s for | Features | Limitations |
| Basic (Free Plan) | Free | Beginners and casual traders | – Access to core features- Up to 3 technical indicators per chart- Basic charting tools- Community interaction | – Ads- Limited indicators- Only 1 alert at a time- Data not always real-time for all markets |
| Essential Plan | Approx. $12.95/month | Intermediate traders | – 5 technical indicators per chart- 10 alerts- Custom time intervals- Multiple chart layouts- No ads | – Limited alerts compared to higher plans |
| Plus Plan | Approx. $24.95/month | Advanced traders and investors | – 10 technical indicators per chart- 100 alerts- 4 chart layouts in one screen- Custom indicators using Pine Script- Real-time data from more exchanges | – Fewer chart layouts and alerts compared to Premium Plan |
| Premium Plan | Approx. $49.95/month | Professional traders and institutions | – 25 technical indicators per chart- 400 alerts- 8 chart layouts in one screen- Priority customer support- Unlimited real-time data from all available exchanges | None (Full access to features) |
“Pro traders can set up to 400 custom alerts on the Premium plan, ensuring they never miss a market move.”
Conclusion
TradingView is more than just a charting platform—it’s your all-in-one toolkit for mastering crypto analysis. Whether you’re day trading, planning long-term strategies, or just getting started, TradingView gives you the power to make smarter, faster decisions.
With its real-time data, customizable charts, powerful indicators, and active community, you’re equipped to trade like a pro. The possibilities are endless, and with the right tools at your fingertips, so are the opportunities.
Start using TradingView today, and take your crypto trading game to the next level!
Frequently Asked Questions
Is TradingView free to use?
Yes, TradingView offers a free version with limited features, but you can upgrade to paid plans for more tools and real-time data.
Can I trade directly on TradingView?
Yes, TradingView allows you to connect with select brokers to execute trades directly from the platform.
Is TradingView good for beginners?
TradingView is user-friendly, with plenty of educational resources and tools to help beginners understand the markets.
