They say art is relative to the times. Well, crypto-charts are certainly a unique form of art too.
With Bitcoin’s price constantly fluctuating, the community often turns to stalwart chartists who try to make sense of it all and give everyone a support to fear or a resistance to crave. Employing data from TradingView, Bitcoin chartists and avid traders give the wayward movement some direction, and its no surprise that they have been growing in number.
TradingView, the analytical tool to gauge several financial markets, now records over 2.5 million Bitcoin traders, among monthly users. Since the crypto-craze began reaching the mainstream in 2017, both in the financial world and the media world, TradingView has rolled out tools which have been hugely beneficial for the cryptocurrency industry.
A presentation by the charting platform stated,
” Since our launch of crypto coverage in 2017, more than 5 million monthly users have utilized our product to get real-time charts and data for Bitcoin.”
Further, referring to the BTC traders as “extremely engaged,” it added that these users check in on an average of 7 times a day.
Tuur Demeester, Founding partner at Adamant Capital, echoed the bullish claims of increasing TradingView use by members of the crypto-community. He tweeted,
Charting service @tradingview now counts 2.5 million Bitcoin traders among their monthly users. “They are extremely engaged, and check in more than 7x / day on average.” HT @zackvoell pic.twitter.com/8UGp3iD417
— Tuur Demeester (@TuurDemeester) July 22, 2019
By analysing the chart on BTC users presented by TradingView, it can be seen that the price-usage trend is telling.
When the price skyrocketed in December 2017, usage was as high as 5,000,000 in the following month,