Monitoring cryptocurrency prices and market trends is essential for anyone involved in digital assets — whether you’re a long-term investor, a short-term trader, or someone using crypto to interact with decentralized apps or casinos. But for many people, tracking prices can feel confusing or complicated. It is imperative to keep track of market trends in order to manage the risks associated with crypto overall but even more so when gambling at crypto casinos.
When it comes to crypto there is already volatility but, when gambling, there is an added risk. There are many ways users are able to properly track the market prices in order to lower this inevitable volatility as well as manage their overall finances and bankroll.
This guide breaks down why price tracking matters, what affects crypto prices, how to read price data and charts, tools you can use, common mistakes to avoid, and a practical action plan you can follow.
Price Tracking Isn’t Optional
Cryptocurrency prices influence more than just how much your holdings are worth.They affect how much risk you’re taking and how much money you’re actually using. Because prices can change fast, making decisions without checking the market beforehand can become detrimental. This is especially true for people who use crypto in high-adrenaline environments like crypto casinos.
Tracking prices helps you:
Avoid being surprised by sudden drops or spikes
Understand whether a move is normal or extreme
Make well-thought decisions instead of emotional ones
You don’t need to predict the market. You just need to know what’s happening.
What Affects Cryptocurrency Prices?
In general, crypto prices are determined by supply and demand. If more people want to buy a coin, the price rises. If more people want to sell, the price lowers.However, prices are affected by more than just supply and demand. Crypto markets also heavily depend on:
Market Hype: Media coverage, social media trends, and influencers can encourage people to buy or sell quickly.
Regulations: New rules or bans can make prices drop, while approval or clarity can boost confidence.
Economic factors: Inflation, interest rates, and the performance of other markets can influence how people invest in crypto.
Competition: New or improved cryptocurrencies can draw attention and investment away from older coins.
Liquidity: Coins that are harder to buy or sell can experience larger price swings with smaller trades.
All of these factors directly affect the price and volatility of cryptocurrencies. While some can be more predictable than others, users can run into the issue of over-correcting based on these factors and ultimately make mistakes. But what mistakes could they be making if they are properly monitoring the price changes?
Common Mistakes To Avoid
Crypto management can be very tricky for beginners and experts alike. When managing crypto, users are prone to making common mistakes such as emotional decisions or overreactions to the volatility that comes with cryptocurrencies. Many users are also prone to FOMO when absorbed into the reality of the crypto industry leading them to make these mistakes.
Common mistakes include:
Chasing Hype
When others are buying this does not mean that you need to buy. Doing this would often mean that you are buying after the price has already gone up.
Panic Decisions
Panic as well as excitement are not your financial advisors. Prices dropping are normal and selling/buying immediately due to these emotions can lead to a tremendous loss. Thinking calmly and clearly tends to do better when managing crypto.
Relying on a Single Source
Using one platform or exchange is bad practice. Reason being that prices can vary depending on the exchanges so, using one can lead to you not getting the most bang for your buck. Instead, use tools that help you gauge the price across multiple exchanges.
Over Monitoring
Setting alarms or staring at the charts every few minutes is adding unnecessary and unwarranted stress to your plate. Doing this often leads to users impulse trading and makes them more prone to higher fees. Let the trackers and alarms notify you so you can go on without stressing if you are missing anything. (Don't let the FOMO drain you)
How To Read Price Charts

Price charts in the crypto market are there to show users how the value of a certain cryptocurrency changes over time. At first look– don’t panic–they can feel overwhelming and complicated but no need to fret, let's break this down in a step-by-step.
Step 1: Understanding the Candlesticks
Candlesticks consist of the base and the wicks that protrude from the top and bottom of the base. These candlesticks also include colors red/black and green/white which indicate the ups and downs of the price.
The green/white color represents the price being closed higher than it being opened, which means the price went up. Whereas the red/black color represents the price being closed lower, meaning that the price went down.
The wicks represent the highest and lowest the prices reached during that time period. Note that the Y-axis displays the price levels and the X-axis displays the time.
Step 2: Select a Timeframe
Users are able to control the time frame either to show high time frames, such as daily, weekly, monthly and yearly, or lower time frames, such as a few minutes or hours. By changing the X axis, users can properly view the exact timeframe they are needing to track. By tracking the higher time frames users are able to track the long-term trends whereas tracking the short timeframe helps them see the smaller picture and short term volatility.
Step 3: Identify Key Turning Points
If you see the trend of the price reacting around the same level consistently, it indicates a strong support or resistance zone. Being able to find where the price levels for the coin keep bouncing is important. You are able to find this by identifying the support (floor) ,which is where it stops falling and bounces back up, and the resistance(ceiling), where it stops rising and falls back down. All in all, Levels matter.
Step 4: Keep an Eye on the Volume
Volume can be where people tend to see the change and panic. This shows you how much buying and selling is going on in the market. If the price moves and the volume is high, the move can be stronger, whereas if the price moves and the volume is low, the move is most likely not going to last.
No need to go too deeply into this but just having the context can help you overall.
How To Identify Market Trends
Typical market trends tend to do one of three things; they either move up, down, or sideways. Here is how to identify the trends within the market:
Step 1: Look at the larger picture
Keeping the chart time to a larger scale such as daily can help block out all of the extra and unnecessary noise.
Step 2: Identify the Highs and Lows
Going back to what we discussed earlier, markets are either in an uptrend, downtrend or are simply sideways with minimal movement.
Higher highs and higher lows mean it is in an uptrend
Lower highs and lower lows mean the market is in a downtrend
If the chart is looking as if it is plateauing with less dramatic ups and downs, the trend is considered sideways.
Step 3: Look at the Larger Picture
Don’t become narrow minded and base the trends off of one day. Think of it like social media, trends happen over time and can happen over multiple days or weeks, not just hours.
How To Use Price Chart Trackers And Set Price Alerts
There is no need for you to do this all on your own. Managing crypto can be stressful no matter what you are using it for. In today’s world technology can be your friend so don’t let it scare you. There are many apps and sites that are developed to track and alert you, so you don’t have to worry about keeping an eye on the market 24/7–unless you just simply want to.
Using these tools can not only help you stress less but give you more time to worry about other things that are important to you. However there is a trick for using trackers so here are the steps to help you use one properly:
Step 1: Find a reliable platform for tracking
Finding a tracker that not only reads the charts in real time but includes alerts and pulls prices from multiple exchanges is also important. While you want to make sure you are looking at multiple exchanges there is no need for multiple trackers so, making sure you choose a reliable one can help you cover all of your bases.
Step 2:Track only what you need
Making sure you only have the tracker set to track only the coins you use. There is no need to track 20+ coins if you’re only interested in two or three. Keep this simple in order to not overflow what really matters to you.
Step 3: Set Alerts
This is by far one of the most important steps in your overall tracking experience. Determine what’s the lowest dropping point you are comfortable with along with the target price that you want to withdraw at. Don’t over do it but know your limits and set them right away so you have the control without the extra stress of watching the trends on your own.
Step 4: Sit back and relax (as much as you can)
At this point you just have to let the alerts you set do the heavy lifting. No need to keep refreshing the chart because if something does happen you will get notified immediately.
This is very helpful for casino users in deciding on when to deposit or when to secure their profits and walk away.
Next Steps
It is best to make sure nothing is over complicated. In general, crypto markets can be overwhelming but as shown above tracking does not need to be. Keep it simple by:
Starting with one tracking app
Checking the market charts daily before deciding what to do with your money
Set important alerts (around 2-3 is preferred)
Review the trends once a day
There is no need to jump through flaming hoops to find the best strategy. Keeping it simple and straightforward helps users be consistent and aware. The goal in knowing all of this is not to make every move perfect but to simply avoid making unwanted mistakes. When mixing crypto with gambling, all you need is a little discipline and patience.
FAQ
Do I need advanced technical analysis to track crypto prices?
No. Basic understanding of trends, support, resistance, and volume is enough for most users.
How often should I check crypto prices?
Once a day is enough for most people. If you’re actively gambling or trading, a few times per day is fine — just avoid over monitoring.
Why do crypto prices change so quickly?
Crypto trading happens 24/7 and reacts instantly to news, hype, and large buyers or sellers.
Is it better to convert to stablecoins during volatility?
Some users do this to reduce risk during extreme swings. It depends on your strategy and comfort level with volatility.
What’s the best app to track crypto prices?
There isn’t one “perfect” app. Most major tracking apps do the same basic job — live prices, charts, and alerts. The best one is the one you actually check and feel comfortable using.
Should I check prices before depositing into a crypto casino?
Yes. A quick check can save you from depositing during a sharp drop. If the market is extremely volatile, it might be smarter to wait.