Preface
Take Your Crypto Trading to the Next Level with Exocharts
Crypto trading is a zero-sum game meaning that, for every trade, there will be a winner and a loser. However, to be a successful trader, you need to win more than you lose, and the key to winning is information.
The more information you have (and the more patience), the better a trader you will be because you can make far more informed decisions. However, it can be challenging and expensive to gain access to the data you need.
It’s more of a problem, if you’re struggling to look for a solution that will allow you to take advantage of that data to better suit your trading strategies.
This is where Exocharts comes in, as it offers vast quantities of precise and accurate information drawn from the top exchanges, such as BitMEX, Bybit, Okex, FTX, and Binance Futures.
More importantly, Exocharts allows you to customize the visuals of that data in a multitude of ways. So instead of being stuck with the simple candlestick chart that only shows you price information based on the timeframe of your choice - Exocharts offers much more. It truly is a top-notch, professional-grade software designed for serious cryptocurrency traders.
Exocharts gives you footprint charts, meaning that you gain access to far more information than a traditional candlestick chart. For example, you see the opening, high, low, and closing prices with a typical candlestick chart for a specific timeframe. Whereas for footprint charts, further information is given to you, which can be personalised to suit your personal trading preferences.
However, while that is important information, you’re only really seeing the tip of the iceberg with a traditional candlestick chart. Without knowing things like trading volume or the Delta (the difference between buys and sells at each price), it’s difficult to determine if your assumption of a reversal, for example, holds any weight, useful for gaining an advantage over your competitors.
Essentially, Exocharts provides serious traders with essential statistics, which can become accustomed to suit your unique trading style, allowing yourself an advantage unparalleled to the remainder of the market.
You’ll know when to close your losses quicker and maximise your returns. In other words, you’ll also maximize your gains because you’ll have the information you need to keep your winning trades open longer. As a trader, your job isn’t just to win but also to reduce the losses you incur so that you make a profit at the end of the day.
Some examples of the information you can access thanks to Exocharts includes :
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Long and short open interest
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The volume of all market orders
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Buyer and seller sentiment
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Liquidation information [rekt]
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Delta
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Trade sizes
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Volume of limit orders entering the market
- Depth of market [DOM]
Besides all this great information, you can also tailor your charts to your particular trading style, allowing you to see the information you need at a glance on your chart—no need to switch between software or try to dig up data from unreliable and anonymous sources. With Exocharts, you have everything you could need to make far more informed decisions to take your trading to the next level.