Hello steemians, I would be talking in this post about the excellent technical analysis tools and order book of the new Encrybit exchange. You can check out my previous posts here, here and here.
Technical analysis tools as we all know is a very important tool of a good cryptocurrency trader because its being used to make a good entry/exit during trading however, as we all are aware that the conventional exchanges we are used to lacks good TA tools which leaves traders with no other options than having to draw coin/token trends thereby having to sign up on other Third party paid websites that runs on API.
What does Encrybit has to offer as regards technical analysis tools?
On Encrybit exchange, traders need for third party platform for technical analysis would be reduced because there will be a 20+ real time important technical analysis tools which traders need essentially for their day-day trading. Encrybit will provide a combination of technical tools such as leading indicators, lagging indicators, averages, retracement, trade lines, extensions and also pattern recognizing drawing tools.
Asides all these, there will also be a screenshot tool available which will allow users save and share any specific timeframe. Isn’t this wonderful?
The lack of detailed order-book on several exchanges has become a major challenge among crypto traders by combining several entries together. However, a perfect solution has been procured by Encrybit which includes a broader and more detailed order-book.
Encrybit understands that a good order-book helps in making better decisions for trading a particular coin/token for a short time period and has developed a well detailed order-book with specific colour ranges which makes traders identify several orders at certain level of price.
There’s also an addition of colour bar which allows traders detect short time direction of the price trend.
In addition to the color bar, there would also be a market trend bar which will represent the differences between buying and sell orders which allows traders detect the current market trend and make decisions on his/her trade position.
There would also be an order book summary which has an attractive interface and allows traders to detect a total number of bids available at a listed price thereby makes him/her analyze better the price of a particular token/coin.
Watch out for more posts on Encrybit exchange and its advantages over other conventional exchanges.
Kindly check the links below for more enquires about Encrybit and its ICO;
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Author Bitcointalk username; amusanmikel2
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