and now we’re talking about 52.And what our has begin with this explainer that these are ABS are help users take advantage of the volatility of the mark.These APS offer tools like charts, graphs and moving averages, and it helped determined best entry and exit points in crypto market.So basically, these are tools that can arm and investor, and there are several different genres of these tools as well.And we’re discussing three tools, and the first one is lunar crush.The lunar crush acts as the integrating platform between social media and Cryptocurrency.The second one is Coin Market, Cal.
That is a platform which is more or less like a crypto calendar that updates you about all the upcoming events of different coins.
And then we have trading view, the most popular charting and analysis to used by crypto currency traders around the world.Are we discussing these three with our gas? RoHaas nag pal’s once again very warm.Welcome again, Mr Napoli.Now let’s begin with your pick out of these three Amin lunar crash.Maybe you have to.Luna crashes one of my favourite.
So what they do is they collect activity from across social media.All the different social media platforms, discord, Twitter, Facebook link in all of them, about thousands of Crypt O’s and all the major exchanges.
And what other influencers posting And based on all these, they tried to give it to you in small chunks of information, which you can then use to make your own calculations whether you should buy, sell or hold a particular so out of the three.But then we also is keep saying that you know, do not trust social media.The buzz can be fake.I mean, where does that fit in here? It’s a very good point.
But sometimes what we must realise is that even though the bus may be wrong but because of very large number of people are saying something or because certain influences the same something that impacts the prices.Like if you may remember, a few months ago when there was a rumour that crypto will be banned in India because the room are was so strong and so many people were saying it, the price actually fell and you had a huge, you know, arbitrage opportunity between us led and the U.S.Governor So even if the new stands out faith, you can actually make money when the rumour is very, very hot.
Okay.And now, a stock about coin market, Cal Cal is actually very useful because he in the crypt of one.There are lots of announcements, like a main net lodge.A crypto listing token burns private sales network upgrades.Ask me anything sessions conducted by the project.Now, if you don’t know about this information in time, you actually lose out.
Because the final and a particular main it is launching.I can actually buy the crypto in time so that when the general public comes to know, I can get a higher price in Selma investing.
So I think quite market.Cal is something that people like me would look at a daily basis to see what all is happening in the butt.You recommend this to an active trader rights? No action even to our long term investor and holder.
Sometimes some of these things are important.
Like lecture.You really like a project.You’re a long term holder.You should still attend by.Ask me anything sessions which are done by the project team that you know what is a long term vision.So I think anybody and everybody should, on a daily basis, look at a calendar side, and I believe you can also vote.
And then there are events also held.And then there’s a verification process also for user’s to participate in in those you know, calendar events.
Absolutely.You’re right of them.Specifically asked about the surgeries, traders or other raiding view, on the other hand, is a platform meant for traders, because that is going to give you all the charts for technical analysis there.If you’re a fundamental investor who looks at the marriage of the project that are trading views are but a coin market can, it’s too sure let’s talk about trading view than in detail.
I mean, of course, it is also one of the most popular and one of the most talked about tools here as well as you.Point pointed out that it it’s for daily traders.It actually delivers charts and analysis tools right, which essentially is need of every single trader.So what happens is when we look at it from a trader point of view, she is not looking at a long terms in area.
He is not thinking one year and two years, he’s thinking minutes.So you know, when we look at the weather graph is moving.It can sometimes indicate to you when a particular crypto is overboard when it is over, sold handed.Based on that, you are making decisions in seconds and minutes.
I don’t do it.It is a highly stressful job, but those who are in the business of trading for them these kind of charts and analysis are critical.They are making buying and selling decisions in real time based on this data, and that is why sites like trading we was very important and I never used this.But I’ve read that, you know there is a free and premium version, but free version is is as good as as a premium version are no.So what happens is three version is even inside your own crypto exchange, whichever you are having an account of.But what happens is inside the crypto exchange graft.They are only showing you their own trading.
But you was an external site.Like trading you.
They are able to get data from multiple exchanges and nowhere amend the fi version.I mean, I meant a free version of Trading View is as good as the premium version is is what has been reading the reviews.So what happens is the premium version will give you more responsive, more millisecond based, whereas our free version may slow down the information coming to you every few minutes.
Here, it would have been more offer that across the board and secondly, the options of which coins are covered or which exchanges they pull into those are better.If you go for the PRI members and that’s not only for trading you in particular, it’s for most of these other.Nobody would pay them money.So that is why they have to create that difference between the free, of course and also other dependent or linked on exchanges.
Of course, now I am talking about moving away from these 32 that we discussed, but otherwise, in general, these tools do single.They’re linked to certain exchanges regions, and that’s how one should choose their tool, absolutely correct, so that a very, very good point of actually raised.So because ultimately trading is happening either of the centralised actions or a decentralised action.
These graphing sites are charting sites.They have to pull data from exchange so they always take the top 10 or top 20.Exchange is based on the liquidity and other factors.
But if you are an Indian, then you would logically look at the Indian sites because you also want iron are trading at some time.There can be a huge difference in pricing between what is in the U.
S.Ditty verses what is in Iowa.So depending upon your country, you would ideally choose exchanges or charts from your part of the world.Makes a lot of we’ve discussed these three lunar crash coin market Cal trading view, but we’ll try to discuss more tools in the next episode.
But that’s it for now.Mr Nakba, thank you so very much for joining us for this show.And with this you come to an end of this so called coffee.And Charan Singh is good bye.