Two Websites Every Trader Must Use
43sThis segment introduces the essential tools for trading analysis, appealing to beginners and sparking curiosity about how to get started.
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In this video, the presenter explains how to use CoinMarketCap and TradingView for cryptocurrency analysis, covering fundamental analysis with market cap rankings and technical analysis with charts. The video is part of a Learn Trading Series and includes a promotional segment for a Telegram channel.
Chapters
[00:02]
Introduction to Tools
The presenter introduces two websites: CoinMarketCap for fundamental analysis and TradingView for viewing charts.
[00:16]
CoinMarketCap for Fundamental Analysis
CoinMarketCap ranks coins from 1 to 100 based on market cap, which is the total value of a coin's supply. Bitcoin is currently worth $1.2 trillion, Ethereum is second, and Tether is third as a stablecoin.
[00:43]
Stablecoins and Investment
Stablecoins are not a store of value; they are pegged to fiat. Holding Bitcoin can grow in value, making it an investment, unlike stablecoins.
[00:55]
Fear and Greed Index
CoinMarketCap provides the Fear and Greed Index, which investors can use to decide when to buy. The presenter suggests buying when the index is in 'Fear'.
[01:09]
Promotion of Telegram Channel
The presenter promotes a free Telegram channel offering VIP signals for gold, crypto, and forex, with a link in the bio.
The video provides a basic introduction to using CoinMarketCap and TradingView for crypto analysis, emphasizing market cap and the Fear and Greed Index, but it is largely promotional.
Mentioned in this Video
Study Flashcards (5)
What is the purpose of CoinMarketCap?
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What is the purpose of CoinMarketCap?
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To rank cryptocurrencies by market cap for fundamental analysis.
00:16
What is market cap?
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What is market cap?
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The total value of a coin's supply in the market.
00:29
What is the current market cap of Bitcoin mentioned?
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What is the current market cap of Bitcoin mentioned?
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1.2 trillion dollars.
00:29
What is a stablecoin?
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What is a stablecoin?
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A cryptocurrency pegged to a fiat currency, not a store of value.
00:43
What does the Fear and Greed Index indicate?
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What does the Fear and Greed Index indicate?
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Market sentiment; buying is suggested when it shows 'Fear'.
00:55
💡 Key Takeaways
📊
Market Cap Ranking
Explains the fundamental metric used to rank cryptocurrencies.
00:16
💡
Stablecoins vs. Investment
Clarifies the difference between stablecoins and investment assets.
00:43
🔧
Fear and Greed Index
Provides a practical tool for timing buys based on sentiment.
00:55Full Transcript
[00:02] we have to execute something. Welcome to Day 48 of the Learn Trading Series. I will use two websites. The first website we will use is coinmarketcap.com and the second website we will use is TradingView. This is how you will view the charts on Trading View. And
[00:16] why would CoinCap.com? This will help us to do fundamental analysis. This [music] is a simple website that tells you which coin is ranked number one from 1 to 100. On what basis is it number one? Money is not expensive, not in the case of expensive, not
[00:29] ? Market cap is the amount of supply in the market, for example, what is its worth? What is the total value? So Bitcoin is worth 1.2 trillion right now, even though it's dropped so much [music]. Second in rank is Ethereum. There is
[00:43] tether on the third rank. This is a stable coin. Stablecoin is not a store of value. Like I can take Bitcoin in my digital currency and give it to you. But at the same time, if I hold it, the money grows, isn't it investing? Like Venice tokens I do
[00:55] you get its complete information. What is his website? You can do analysis in this way. number one website that actually investors need to come. Here you will see the Fear and Greed Index. You can buy as long as the Fear In Index remains in Fear. I have to
[01:09] n't want to go outside the top 10. So guys [music] if you want free trades along with guidance then check out this free Telegram channel, the link is in the bio here. [Music] Click on this and you'll be taken to a channel that
[01:22] offers VIP signals free of cost. Gold, crypto and forex too. So go and join this channel right now.
