Crypto Technical Analysis

Best Crypto Analysis App – TradingView

Best Crypto Analysis App Summary

  1. TradingView is the best crypto technical analysis app. Get $15 discount!
  2. We cover some basic concepts about crypto technical analysis.
  3. We list the best crypto technical analysis on YouTube.

Most of the top crypto trading sites for cryptocurrency have Tradingview integrated into their platforms. However, you can’t access all the Tradingview premium software features from the exchanges.

Best Crypto Technical Analysis Apps

Best Crypto Analysis App Screenshot from TradingView

In the table below, you will find the best crypto technical analysis apps. 

  • Tradingview is the best portfolio tracker and charting tool for cryptocurrencies. Still, it’s also a place where traders, investors, educators, and market enthusiasts can connect to share ideas and discuss the market. Read more in our TradingView app and desktop review.
  • Coinigy is a cryptocurrency trading platform that allows users to manage accounts from more than 45+ exchanges through a single interface.

What is Crypto Technical Analysis?

Crypto technical analysis (TA) means finding patterns in crypto market charts.

➤The purpose is to be able to predict the future of the chart, often based on the assumption that history repeats itself.

A woman making Bitcoin technical Analysis with compter screen trading charts

It’s possible to perform crypto technical analysis with different software. First, traders use the software to identify price trends. 

Then, it helps them figure out how the market behaves, providing a sound basis for smart trading choices. 

Other software related to crypto trading, such as crypto trading bots and crypto tax software, is handled in other articles.

Where can I learn technical analysis for cryptocurrency?

Girl sitting on the floor studying crypto books to get educated in trading

YouTube is a great place. It’s free, and endless great people are doing crypto technical analysis. See the end of the article for some great crypto technical analysts on YouTube. 

Also, see the best free crypto trading courses for the basics.

Is crypto technical analysis done manually or automated?

Crypto technical analysis is performed by using advanced charting software tools. It’s very time-consuming to do it manually. Read more about the software in this article.

Is crypto technical analysis applicable for both short-term trading and long-term investing?

Crypto technical analysis is usually helpful for short-term trading, such as day trading and similar crypto trading strategies.

What is a crypto technical analysis indicator?

There are many different data points to look at for any TA. Some are more important for crypto in particular. Read more in this article.

TradingView – Best Crypto Technical Analysis Apps

TradingView is the best and most well-known pure technical analysis app and charting tool for cryptocurrencies.

The TradingView basic version comes with some free features.

However, if you are a frequent trader, you probably want a paid subscription where you get access to multiple charts, layouts, and custom time intervals.

TradingView Desktop Download

Yes! The Tradingview download version is available for Windows, macOS, Linux, Android, and iOS. Go to the download site.

TradingView Mobile Download

TradingView Technical Analysis App Features

TradingView has everything a crypto technical trader can request, including pre-built indicators by TradingView and the community and customizable charts.
  • 100+ Pre-built Most Popular Indicators: TradingView provides a wide range of pre-built indicators that traders can use to analyze price movements, trends, and other market aspects.

  • 100,000+ Community-built Indicators: TradingView has a vibrant community of traders and developers who create and share custom-built indicators. The platform hosts a substantial number of community-contributed indicators.

  • 50+ Smart Drawing Tools: TradingView offers a variety of drawing tools that traders can use to mark up charts, highlight patterns, annotate trends, and perform technical analysis.

  • Volume Profile Indicators: Volume Profile is a popular indicator for analyzing trading volume at various price levels. TradingView provides Volume Profile indicators to visualize this data.

  • Candlestick Pattern Recognition: TradingView can automatically identify and highlight various candlestick patterns on the charts, assisting traders in pattern recognition.

  • Multi-timeframe Analysis: Traders on TradingView can analyze multiple timeframes, allowing for a comprehensive market view and better-informed trading decisions.

Pricing Review TradingView

TradingView has three different pricing levels, and you can choose between monthly and yearly payments.

See what is included in each pricing plan from TradingView.

Pros and Cons TradingView

Coinigy Technical Analysis App and Software

Coinigy is a crypto technical analysis and charting tool.

Also, many other features to help traders develop and execute their strategies are included in this complete software.

Coinigy’s charting service is built on the TradingView platform but uses custom data feeds to integrate closely with over 45 cryptocurrency exchanges (all listed below).

Since all the same indicators are available on TradingView, we recommend TradingView over Coinigy if you are looking for a crypto technical analysis tool.

However, if you are looking for a crypto portfolio tracker or a crypto portfolio manager with a technical analysis tool, Coinigy might be perfect for you.

What crypto exchanges does Coinigy support?

Binance, Binance.US, Binance Futures, Bitfinex, Bitflyer, Bithumb, Bitstamp, BitMEX, Bittrex, Bleutrade, BTC markets, ByBit, CEX.io, Coinbase Prime, Coinbase Pro, Coincheck, Coinmate, Coinone, Deribit, dYdX, Deribit, Gate.io, Gemini, HitBTC, Huobi Pro, Indodax, ItBit, Korbit, KuCoin, Kraken, MercadoBitcoin, Okcoin futures, OKEx, Poloniex, Ripio, Paymium, Sushiswap, The Rock, Trade Orge, Uniswap, Vaultoro, Yobit, ZB.com

Pricing Review Coinigy

Crypto technical analysis tools Coinigy logo

Feature Review Coinigy

Crypto technical analysis tools Coinigy logo

Crypto Technical Analysis Charts

Bars – Crypto Technical Analysis

An essential tool for technical analysis is the bar chart. From one bar in the chart, you will get information regarding the open price, close price, highest price, and lowest price within the selected time frame represented by the bar.

Crypto Trading Bars

A screenshot from BitMEX where you can see a green and a red bar in the chart. A green bar indicates that the close price is higher than the open price and vice versa regarding a red bar.

Candlesticks – Crypto Technical Analysis

Candlesticks are the most common graph type in technical analysis. The purpose of candlesticks is to identify trends and trend lines. Candlesticks contain the same information as the bars but look different graphically.

Crypto Trading Candlesticks

A screenshot from Bitmex where you can see a green candlestick and a red candlestick in the chart.

More Crypto Technical Chart Types

Other chart types often provided are Hollow Candles, Heikin Ashi candles, Lines, and Areas. However, we will not cover these chart types in this basic article.

Crypto Technical Analysis Indicators

Technical indicators are critical for making decisions based on crypto technical analysis. Indicators are mathematical formulas calculated based on the historical parameters of the underlying asset. These are some of the most common technical indicators:

Moving Average (MA)

The moving average is one of the most common technical indicators. You calculate this over a specific period. For example, if you are looking for the 30-day moving average, sum the closing price of the last 30 days and divide it by 30.

Moving Averages Convergence Divergence (MACD)

This is a trend-following momentum indicator. It is calculated as a relationship between two moving averages. MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.

Relative Strength Index (RSI)

This technical indicator is a momentum indicator to evaluate if the underlying asset is overbought or oversold. The relative strength index measures the magnitude of recent price changes and is displayed as an oscillator with a reading from 0 to 100. An oscillator is a graph that moves between two extremes.

On-Balance Volume (OBV)

This technical trading momentum indicator uses volume flow to predict changes in a cryptocurrency.

Accumulation/Distribution Line (ADL)

This volume-based indicator is also designed to measure the underlying demand and supply. The purpose is to indicate whether buyers are accumulating or distributing the underlying asset or cryptocurrency.

Average Directional Index (ADX)

This technical indicator measures the strength of a positive or negative trend. The negative trend is called Negative Directional Indicator (-DI), and the Positive Directional Indicator (+DI). Therefore, ADX includes three different lines.

Stochastic Oscillator

This momentum indicator compares a particular closing price to its prices over a certain period. The indicator’s sensitivity to market movements is reducible by adjusting that period or taking a moving average of the result. The indicator generates overbought or oversold trading signals with a value between 0-100.

Almost all crypto trading platforms integrate Tradingview into their platforms. Tradingview is the best crypto technical analysis tool in the market.

Crypto Technical Analysis Time Intervals

It is critical to have the opportunity to see the crypto technical graphs in different time intervals. The charts are often seen in

  • Minutes
  • Hours
  • Days
  • Weeks
  • Months

The time interval you should use depends on your investment horizon.

Almost all crypto trading platforms integrate Tradingview into their platforms. 

Tradingview is the best crypto technical analysis tool in the market.

Technical Analysis Drawing Tools

Some essential elements in crypto technical analysis are trend lines, support, and resistance levels. Crypto technical analysis drawing tools are critical to finding these trend lines, support levels, and resistance.

Other essential drawing tools are pitchfork, Fibonacci circles and spirals, XABCD pattern, Triangle Pattern, Head and Shoulders, Elliott Impulse and Triangle Wave, Date range, and Price range.

Almost all crypto trading platforms integrate Tradingview into their platforms. 

Tradingview is the best crypto technical analysis tool in the market.

Crypto Technical Analysis on YouTube

There are several great crypto technical analysis influencers on YouTube. You can follow the link to see them all while we list a few in the bullet list below.

Who is the best crypto technical analyst?

All the above mention crypto traders and technical analysts are great!

Can technical analysis work on crypto?

In the short term, many believe crypto technical analysis works. However, for the majority, a HODL strategy would outperform an active trading strategy. Markets tend to be irrational and very hard to predict. In addition, you create a lot of taxable events when closing profitable trades.

Concluding Remarks on the best crypto technical analysis tool

This article reviewed some technical analysis aspects you must have in technical analysis software.

There is no doubt that Tradingview is the best crypto trading technical analysis software. Almost all great trading platforms have Tradingview integrated as their chart provider.

Technical analysis is crucial for crypto day trading to succeed when investing in cryptocurrencies, as shown by this article. Many platforms offer the service in charts, data indicators, and API tools. These instruments gather data and translate it into information for you.

Yet, we do need to emphasize the importance of your involvement. You have a final decision on when and how to trade. Thus, you should not rely 100% on programs but use your knowledge and experience.

This article covered how to improve and help your trading outcome with a software tool. However, committing time to enhance and change your mindset and behavior would be best. Read our article about how to trade crypto with profit in 4 simple steps.

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