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Although the best cryptocurrency exchanges offer charts, many don’t offer the analytical features that cryptocurrency traders need to make good trading decisions. To meet this need, CoinTracking partnered with two companies specializing in cryptocurrency analysis: IntoTheBlock and Cryptosheets. These new integrations provide an entirely new use case for the world’s most popular fiscal encryption software.
CoinTracking was founded in 2012 and went online in April 2013 as the world’s first tax reporting tool and cryptocurrency portfolio manager. The company now has over 585,000 active users, making it a leader in the space. Although cryptocurrency traders are CoinTracking’s leading demographic, the company’s powerful portfolio management tools have made it popular with cryptocurrencies and investment firms as well.
Now that CoinTracking integrates with IntoTheBlock and CryptoSheets, it has a new use case. Along with the two new plug-ins, CoinTracking can now be used to research altcoins and create entirely new trading strategies. IntoTheBlock’s in-depth analytics capabilities can be used to make predictions on cryptocurrency price movements, while CryptoSheets offers traders the ability to create their own custom spreadsheets and charts.
Cryptosheets
Cryptosheets is a spreadsheet plugin for Microsoft Excel and Google Sheets tailored for cryptocurrency traders. The plugin can be used to extract data from CoinMarketCap, the mining profits calculator WhatToMine, the cryptocurrency data provider CoinMetrics.io, Cryptocompare, ParadigmAPI, and many other sources, including major exchanges such as Gemini, Bittrex and others.
The partnership between Cryptosheets and CoinTracking allows CoinTracking subscribers to use their wallet data to create their own custom crypto charts. The integration also benefits current Cryptosheets users because it expands the number of exchanges that work with the plugin.
How to use it
Anyone who knows a spreadsheet can use Cryptosheets to quickly and easily create their own crypto charts. Those who need help getting started can use one of Cryptosheets’ many templates as a starting point.
Related: Stats buff: Immerse yourself in coin data with this new free CoinTracking plugin
Free Forever – Cryptosheets beginner-oriented subscription option – provides full access to all Cryptosheets features. Usage is the only limitation. Free Forever subscribers can process up to 1,000 API requests per month. The promotional code #ICAMEFROMCOINTRACKING reduces all paid Cryptosheets subscriptions by 20%.
IntoTheBlock
Several IntoTheBlock-based widgets are now available directly via CoinTracking. Current CoinTracking customers do not need to sign up for an IntoTheBlock account to access it, as they are integrated into the interface. Even more metrics are available through IntoTheBlock’s paid subscription service.
How to use it
CoinTracking’s new IntoTheBlock widgets are especially useful for altcoin research. Potential investors can see whether or not a coin’s value is concentrated in the hands of a few investors, for example.
Further data is available through the main IntoTheBlock website via the “Dive Deeper” and “See More Signals” buttons. IntoTheBlock’s paid service supports over 25 parameters, which can be used to determine short and long term price movements. Two two-minute tutorials are incorporated under each metric. These explain what metrics do and how to use them to make predictions.
Related: Feature Update: Here’s another free chart improvement
IntoTheBlock’s standard trial period is seven days, but CoinTracking subscribers can use IntoTheBlock for a full 90 days before stumbling upon the paywall.
Summary
In addition to calculating fees and tracking multiple crypto exchange accounts, CoinTracking it can now be used to analyze coins and predict future price movements. These new analytical features make CoinTracking an even more essential tool for cryptocurrency traders.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.
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