Crypto Technical Analysis

Best Crypto Technical Analysis App

  • We list the best crypto technical analysis app, a fantastic crypto trading tool to improve your strategy and make more profit.
  • A summary of what a crypto technical analysis software is and common questions. 
  • Why is TradingView the best crypto technical analysis app?
  • Some basic concepts about crypto technical analysis and what Youtubers to follow
Most of the top 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

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

  • Tradingview is the best charting tool for cryptocurrencies, but it’s also a place where traders, investors, educators, and market enthusiasts can connect to share ideas and talk about 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.

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 softwareis handled in other articles.

 

Is crypto tecnical analysis done manually or automated?

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

What is a crypto technical analysis indicator?

TradingView - Best Crypto Technical Analysis Apps

Tradingview review feature image print screen from tradingview site

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

TradingView Mobile Download

TradingView Techncial Analysis App Features

TradingView has everything a crypto technical trader can ask for, including pre-built indicators by TradingView and the community and customizable charts.
  • 100+ pre-built most popular indicators
  • 100,000+ community-built indicators
  • 50+ smart drawing tools
  • Volume Profile indicators
  • Candlestick patterns recognition
  • Multi-timeframe analysis

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.

Crypto trading analysis software TradingView logo

Pros and Cons TradingView

Coinigy Technical Analysis App and Software

Coinigy is a tremendous and well-known crypto technical analysis tool. In addition, this trading tool is considered a great technical analysis 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 top of the TradingView platform but uses custom data feeds to integrate with over 45 cryptocurrency exchanges (all listed below) closely.

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

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

We have listed all the cryptocurrency exchanges below on their site. However, some don’t exist anymore, like Bleutrade and FTX. 

 

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, FTX International, FTX US, 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 open price, close price, highest price, and lowest price within the selected time frame represented by the bar.

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.

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, Line, and Area. 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 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, you sum the last 30 days closing price 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. Relative strength index measures the magnitude of recent price changes and is displayed as an oscillator that can have a reading from 0 to 100. An oscillator is a graph that moves between two extremes.

On-Balance Volume (OBV)

This is a technical trading momentum indicator that uses volume flow to predict changes for a cryptocurrency.

Accumulation/Distribution Line (ADL)

This is also a volume-based indicator that is 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 is used to measure the strength of a positive, or negative, trend. The negative trend is called Negative Directional Indicator (-DI) and the Positive Directional Indicator (+DI). Therefor, ADX includes three different lines.

Stochastic Oscillator

This is a momentum indicator that compares a particular closing price of its prices over a certain period of time. The sensitivity of the indicator to market movements is reducible by adjusting that time period or by 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 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, or months. The time interval you should use depends on what time horizon you invest for.

Almost all crypto trading platforms integrate Tradingview into their platforms. 

Tradingview is the best crypto technical analysis tool in market.

Technical Analysis Drawing Tools

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

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

Almost all crypto trading platforms integrate Tradingview into their platforms. 

Tradingview is the best crypto technical analysis tool in 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.

Best crypto sign up bonuses and offers

One of our most popular posts is about the best crypto signing up bonuses and offers. Here, you will find the current best welcome bonuses from different crypto-related companies. This is a great way to boost your crypto portfolio as a new investor.

However, always be careful with terms and conditions with signing up offers. They never come entirely free, and it´s always best to understand the full terms to avoid unpleasant surprises.

Concluding Remarks on the best crypto technical analysis tool

This article went through 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 are the one with 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, it would be best if you committed time to enhance and change your mindset and behavior. Read our article about how to trade crypto with profit in 4 simple steps.