Bitcoin Forum

Hello,

i recently started crypto trading and i was curious if there is a tool that automaticaly calculates support and resistance points.

Thanks!

//margas6

You would not really need any calculations or computation regarding with it since support and resistance can be found by just simply putting up vertical lines on which you would really manually putting up that one. You can able to pinpoint if you draw trend lines you can find out support and resistance levels and if you don't know what I mean there are lots of tutorials on youtube.

Yeah i know what you mean but this is the manual way.
I would love to be some kind of tool that would give these points

For now in my own knowledge and experience I didn't encounter automated tool which do gives directly a support and resistance level. Maybe theres already one in the market which do have this kind of feature but I still didn't encounter such thing because usually I do the manual thing and I think its much better than relying on automated because you would able to learn along the way if you are using manual.

Also from a quick search i could not find such a tool. Of course it is much better to do your own analysis.

btc cant do automate bot is ok make alone analize

There are two apps for android that allow some technical analysis: Blockfolio and Polotracker. They are free to use and make trading a bit easier.

Well, my experience as a trader has allowed me to find, over the years, two excellent tools to find those support and resistance levels that are so useful for trading: my eyes.

And both are for free. Of course, the training goes on your own.