Cryptocurrencies are highly volatile, and their prices often go up and down after a certain piece of crypto-related news is published. This is why many professional traders use specialized tools to stay up-to-date with the latest news and make profitable trading moves.
Thus, the recent news regarding Bitcoin ETF approval caused the price to spike again. And that is just one tiny bit of information that influences crypto prices.
Here are some tools that can help you monitor the news and thus improve your crypto trading strategy.
1. Alarm Clocks and News Aggregators
Alarm clocks are pieces of software that monitor the crypto price instead of you and tell you when it reaches a certain upper or lower limit so that you can make a trade and make a profit. News aggregators are platforms or applications that collect important information on the crypto industry. Below are some trusted options.
CryptoPanic is an online platform that acts as a news aggregator and only focuses on the type of news that’s important for cryptocurrency traders. In other words, whatever piece of news seems like it will drive the crypto prices up or down is likely to be part of CryptoPanic. It’s important to mention that this platform is free of charge, and you can personalize it to adapt it to your crypto trading portfolio.
FAWS is pretty similar to CryptoPanic, as it’s also a crypto and blockchain aggregator that displays important pieces of information from various sources on the web. As soon as you land on the site, you’ll see important news updated by the minute. There’s an option to filter the news for the part of the coin of your trading strategy. Moreover, you receive alerts when your coins reach certain price thresholds. This way, you can buy and sell bitcoin and other cryptos at the most favorable prices.
2. Twitter Bots
Twitter is a popular social medium for many crypto traders and investors. Crypto bots are basically accounts on Twitter that are automatized and follow the crypto market. Here are some bots you should check out.
Whales are people who make large transactions in cryptocurrencies. They are important because they often affect cryptocurrency’s price whenever they make any kind of move. Therefore, it’s important to stay updated on all the big crypto transactions happening to be able to predict prices. One way to do it is to follow the Whale Alert Twitter bot, which automatically tweets about every significant transaction.
There are plenty of ways to scam novice cryptocurrency owners. In most cases, these scams are easy to see through, but people who have no experience often fall for them. That’s why it’s important to stay aware of all kinds of scams taking place in the crypto world. To do that, you can follow the popular Twitter bot called Scam Alarm, which hunts scammers in the crypto sector.
3. Telegram Bots
Telegram is a popular messenger app that uses end-to-end encryption and is widely praised in the crypto community. That’s why there are also bots that can help you improve your trading experience on Telegram, so let’s check them out.
This is basically the same bot as the one on Twitter, so if you’re after tracking whales, make sure to follow this bot.
Walletscan is a bot that’s pretty much identical to Whale Alert. In other words, it scans wallets for plenty of popular cryptocurrencies and posts all the significant transactions taking place. It’s up to you to decide which bot suits you more. Following both of them on Telegram is also a good idea.
FOMO_Bot is a comprehensive Telegram bot that’s marketed as the best on this messenger app. By inputting the right command, you can get the latest information on the crypto industry. When you open the bot, you see the list of commands you can use, like /btcusd_ticker for the latest info on BTC or /exchanges for information on recommended platforms.
In addition to that, there are charts and various other useful pieces of information. To start using it, you just need to add the bot to your Telegram.
4. Mobile Applications
Mobile apps are easy to use and have more features than bots on Twitter or Telegram. Here are the most famous ones.
Coinmarketcap is the most popular app in the crypto world, as it features a detailed overview of all cryptocurrencies, exchanges, NFTs, and more. The app is available at the Google Play Store for Android users and the App Store for Apple users.
Investing.com is a great platform that lets you get familiar with all kinds of investment markets, including crypto. The app is also optimized for mobile devices and is available on Google Play and App Store.
As you can see, most of these bots and tools are easy to use and free of charge. If your goal is to profit from trading cryptos, you should consider using them daily to get the latest info and adjust your trading strategy.
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