If you are a seasoned trader in the financial markets you’ve probably used a website or platform that helps you form trading strategies and provides analytics tools. For most crypto traders that platform is TradingView, which is integrated into many of the top crypto exchanges such as Binance and OKEx.
Apart from the analytics tools and charts, TradingView has made its name from its social trading portal that allows traders to connect and discuss with other like-minded traders. As crypto asset trading surges past all-time highs in 2022, there are several sophisticated traders on TradingView giving out secrets and tips, alongside a broad and narrow outlook on the future prices of crypto.
In this article, we focus on how to use TradingView and top crypto traders on the platform, and what to consider while following a cryptocurrency trader.
What is TradingView?
For those not accustomed to the platform, TradingView is a social trading strategy platform that provides charting tools and analytics to make future price predictions on a wide variety of asset classes including forex, equities, indices, and cryptocurrencies. More importantly, the platform allows traders to connect with other like-minded traders and share ideas on their price predictions.
These two portals of the platform combine to give beginners an easy-to-use and intuitive for beginners, and powerful enough for advanced chartists
What’s the use of TradingView?
As alluded to, TradingView aims at providing new and elite traders with a platform to connect, view, and share ideas in trading. Traders can browse published ideas, see how the predictions played out, and comment on the prediction. This helps traders get better at trading and investing as they watch other traders’ ideas.
You can create a profile on TradingView, publish your price strategies and easily push them to Twitter or any other website. The platform also helps new traders get their names out to the world of trading easily.
Top crypto traders on TradingView
As a seasoned cryptocurrency day trader, David (@botje11), joined TradingView 3 years ago mainly concentrating on cryptocurrencies. David has already written and shared over 680+ posts on cryptocurrencies such as Bitcoin, Ethereum, Chainlink, Tezos, etc. During the start of Bitcoin’s run to all-time highs in December 2020, @botje11 correctly predicted the BTC run up past $20,000.
It should come as no surprise that Bitcoin pairs vs the dollar (BTC/USD) rank on top of his choice of ideas and trading strategies with top crypto exchanges such as Bitstamp, Coinbase, and Bitfinex leading the list. He also has posted trading ideas on other asset classes including forex and indices.
The eccentricity of the name, @MagicPoopCanon, should not be a distraction to the value that the trader offers his TradingView followers. As a devoted altcoin maximalist, the crypto trader mostly writes ideas and analyzes altcoins including XRP, Dash, and ZEC.
However, Bitcoin remains a key component of his ideas portfolio – 115 of his 756 articles feature the BTC/USD(T) pair. MagicPoopCanon has a remarkable following on Twitter with 35,000+ followers on his “crypto-only” handle.
Over 96% of Alanmasters’ 4000+ ideas on TradingView focus on cryptocurrency projects. As with other writers on this list, the BTC/USD pair leads his list – but he focuses on newer projects in recent times. Nascent projects in the decentralized finance (Defi) world such as Yearn.Finance (YFI), DFI. Money (YFII) and Just (JST) have all made their way to Alanmaster’s analysis in 2021.
He joined TradingView in 2015 and has grown his following to nearly 97,000 traders. Alan also runs his firm, Alan Masters Trades, which provides learning facilities for upcoming traders in the cryptocurrency field.
Russian-based trader, Dmitriy Lavrov (@DLavrov), is one of the most diverse writers on TradingView, with a broad portfolio of forex, commodities, and cryptocurrencies on his page. Lavrov is a technical analysis writer with a preference for moving averages and support/resistance indicators for future price prediction. He has built a brand extensively explaining his ideas and strategies on TradingView and follows his trading plan.
Gold and Bitcoin are atop Dmitriy’s list of assets that he covers on his TradingView page. He recently made a $50,000 price prediction for BTC/USDT pair as a good resistance – predicting the market will pull back to the $40,000 range.
He has amassed over 15,000 followers on Twitter, as of writing, due to his trading advice and charting abilities.
What parameters to consider when following a crypto trader on TradingView?
The TradingView crypto trading community is growing at an exciting pace – as new traders, ideas and strategies crop up amidst a bullish market. All the same, not all the traders on TradingView offer the same qualities and winning strategies and hence you need to be keen on what you are looking for before blindly following any trading advice.
Here are some tips that can help you select the best crypto trading advice, and strategies from the top crypto traders on TradingView.
- Reputation: This is a measure of how collaborative a trader is in the TradingView community. While this does not show whether a trader is better, it is important to show how much a trader is active. This gives a metric of showing how much a trader is versed in TradingView and interactions on the platform.
- High-quality posts: This is a key point in selecting which trader to follow on TradingView. A post that is well written and explained in detail gives a clear flow of the trade and what to expect whether the price goes up or down – which helps amateur traders.
- Trading strategy vs actual trade: The easiest and safest metric to measure a trader’s performance is the percentage of winning trades. A trader with a high percentage of winning crypto trading strategies is likely to repeat their wins and could be a good idea to follow.
- The number of likes: A higher number of likes is a good factor to look at if a trader is well-versed in his craft.
Our list is in no way exhaustive but gives a clear picture of the crypto traders you need to follow on TradingView. The selected top crypto traders are well-curated starting off the list with the traders offering high return predictions, clear and well-explained ideas as well as interacting with their followers.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.