Bitcoin Forum

Hey chart brothers! Interested in how you make your TA?
Do you use tools or any indicators as guidelines etc?
Thanks, wish you a good trade.

I'm doing basic TA on my binance account while trading. I do not need any special tools. My strategy is based on hunting for a whales to swim with them. So i'm focused on easiest to spot by masses indicators (supports, trend lines) and non technical price actions that will indicate that someone put huge money to eat all supply/demand from technical traders. I've described it further in this post - https://bitcointalk.org/index.php?topic=4420866.msg39412664#msg39412664.

here's a good starting point that explains charts, trends, and support/resistance: https://www.fidelity.com/learning-center/trading-investing/technical-analysis/introduction-technical-analysis/overview

after that, i would move on to babypips to learn about candlestick analysis, fibonacci retracement, moving averages, and popular indicators: https://www.babypips.com/learn/forex/elementary

i use moving averages and trend lines to gauge trends, candlesticks for pattern setups, horizontal support/resistance for price targets, and RSI + stochastic indicators for measuring momentum.

You can learn technical analysis in the internet. I learned how to use technical analysis by watching videos in youtube but not all of the information and video in youtube are correct so pick a mentor wisely. As a trader, the basic foundation is the technical analysis and all of the trader should know this before they start trading cryptocurrencies or other financial market.

Tradingview is still popular until now, I have not been able to switch to another. for basic understanding can search each indicator on google / youtube. If you intend, it is not too difficult and can be understood in just a few days, it can be started from understanding ma, macd, Fibo, and for trends can follow the account of popular traders there.

I make my trading strategies on trading view. Mostly I study chart patterns and Google trends and news and after that I decide either to long or short my trade depending on the market buildup. I also see tweets by a few renowned charters on what are their picks in the market.

It is the charting and predicting the right market moves that makes traders different from speculators.

I usually use bitcoinwisdom as well as tradingview, because usually from tradingview I can also learn how the traders there make TA, whether it's reading trends or indicakator they use, usually you can also get it from articles on Google that are available a lot, happy trading

Trading view. Most analysis comes from the current btc price chart and looking for a path from there. Some analyze it based on past charts or records and do a comparison there to create a new one. Some just make a quick compilation of everything and criss crossing from there and see if theres anything that shows up. Some even base it on the current hash of miners which I really don't understand.

Long story short, find a concrete idea/theory of what you want to research about. From there, compile, read and speculate based on the theory you currently obtained

I usually deal with my whole team and they usually produce very good results. All the knowledge we learn is from Google and we apply it in TradingView. There you can draw trendlines and can refer to different indicators. Besides, if you upgrade your VIP account, you will draw more than 6 indicators and specially use more rare indicators.
You can refer here: tradingview.com

I got some tools on how to create TA https://www.investopedia.com/top-7-technical-analysis-tools-4773275 but have to find out that it takes time and practice to understand and use it. But even without these tools or whatever it is, we can have our own simple TA which I think that might be good enough to be in trading. The most important is we know the current market trend and able to understand the situation.

Tradingview is the best, for now, hands down. I mostly looking for patterns, looking at volume, bear/bull div, etc. I think it's also important to see what other traders are up to. Their chart could give you more idea and overall view about the current market situation.

If you're really new at TA and want to cover some basic, I recommend you to read some TA materials at babypips.com

My strategy is quite easy actually it is very easy. I just wait for the price to come down to low levels, i'll buy and once the price breaks to the resistance and gain/established a support in that ATH i'll sell. My fund is not much but its better than nothing. Right now, i've made few errors and bought at the wrong time so i might just wait it up, although the price may come down that's the bad news.

I often see people using tradingview for analysis or for the most convenience, you can use Binance and link with tradingview to be able to order the most accurate order. I only use PA method and trendlines to start trading and my winning rate is quite high when I know good capital management. Sometimes indicators or your understanding of charts will not make you money, except that you know how to manage capital well.

While sometimes I don't do analysis, It's still good to check whether that dump or pump is a trap. I somehow use tradingview but it will still depend on my instinct whether to use it or not. It's good to have basis just check how legit it can be.

Usually, if we want to learn those TA, it will take how long until at least enough to know which market will fall at which point. So far for me its almost impossible to get the point of those TA. Always miss from what i want to predict even most of the cases was caused by sudden market changes like bad news, etc.

Its the idea of knowing when the resistance has gained support and has resisted the bearish push that is difficult for newbie traders to learn. Complicated terms that they have no idea what to make out of are a no no when it comes to describing something to a newbie.
Long story short, buy low and sell high. TA's are rather easy to read but hard to make since most of what would come out of it are plausible situations meaning there are a lot of TA's out there. It comes to personal decision on how you would want to read most of it. Plus, it is difficult to adapt to reading TA's to making them since you are starting to become more and more like a researcher now.

Im not really into technicals yet when i do trade i do only make use of S&R and trend lines which is already enough for making some analysis
and if i do have some time then i do add up some EMA and retracements.

Im not saying technicals arent good but it would vary on how you do read up those.You can search up eventually online when it comes to guides,there were lots of them.

When I am doing trading, of course I am also checking the experts opinion and the chart of some experts then comparing my charts, I am also asking suggestion or opinions from my trusted trader friends who will tell the truth for me, I just don't rely on experts, sometimes if I know that my TA is right and it contradicts to their suggestion, I am still following my instinct and if I am wrong then checking and analyzing what happened.

if you compared analisys with expert i think you could go to tradingview. this is will give us lot suggestion based on technical analisys, and most of them have long experience on trading. technical analisys very important to us, as trader we have to understand how to use trading tools in our trades.

If you want to make a technical analysis I suggest https://www.tradingview.com/ there you need to create an account first, if you use a free account then the indicators that can be used are limited, different if you buy a Pro or Premium account then  will be a large selection of indicators that can be used.  if you decide to use it you also need to learn if there are indicators that you do not understand its function.  because there are many choices of indicators that can be used.

To form a good and well-detailed TA, it needs references so indicators, guidelines and a bit knowledge on how to read charts are a must.  That's how TA's should be.

But sometimes, there are people who rely on their instincts and past performance, they called it self-TA. Nothing wrong at all if they believed in that.

There are lots of resources already you can check via lurking on the world wide web that can be served as a reference to you if you are really interested to learn those. Hit your favorite web search engine with a keyword "crypto trading analysis" or something along those lines then start browsing.

The first step is to spend a lot of time reading and understanding the market situation. Once we understand the market, we will learn more about TA, which are quite understandable models, indicators and price action methods. Then I started to be able to make some lines that I understood about the chart and things gradually improved as I practiced. done. Nothing too different and strange.

You can learn basic indicators like MACD and RSI. And by that, you can start to earn in trading with those basic indicators. There are many websites or even videos that can give you an easy understanding about technical analysis. I also learned TA by myself and I don't use so many indicators. For me, it is just complicating my trades. Try to study and choose what will fit to your own trades.

Everyone can learn the basics to make their own bitcoin TAs, most material already provided on the internet, books and trading groups.
You have to learn several weeks or months to have a comprehensive understanding regarding TAs due to many factors affect it; flag pennant, measured move up, symmetrical triangle, ascending scallop, 3 rising valleys, cup with handle, ascending triangle, trend analysis, fibonacci, cycles, trend lines, chart patterns, technical indicators, wave analysis, elliot wave, and so on. Then you can learn and create your own TAs on https://www.tradingview.com/

source (https://www.bitcointradingsites.net/technical-analysis-bitcoin-chart-patterns/)

I personally used TradingView for years but now I stopped, after years of trying to do TA, I realized there is no TA to be made, there is no bitcoin looking like this, charts are saying this, last year I stopped all of it, bitcoin just does what the whales want and that's it, nothing else.

Bitcoin is not something that could be controlled or predicted, it is not, I have give years of my life to do the best of it with my abilities and I have never seen a person who has predicted bitcoins possible moves few times in a row, I am not even saying predict it correct all the time, I am saying I haven ever met anyone who managed to do it 5 times in a row, so I stopped. TA is still good and tradingview would help you a lot on how you could do it but I personally gave up on it.

TA is not really that "dead" right now, sure there are times when bitcoin make moves that nobody could ever guess but that doesn't mean that it is 100% of the time like that, there are still times when TA works out very well for everyone involved. I feel like 90% of the time bitcoin does exactly what a good TA says it will do, it is not really whales that moves most of the time, when it does a HUGE move it is 100% whales but all other times like the last few days for example all due to bitcoin doing exactly what people think it will do.

I however don't think that I should be doing TA myself, I check 10+ TA and come to an average understanding what people think bitcoin will do, I can personally be wrong, one other person can be too, but when you take average of 20 TA you see the common results.

Not experienced making my own TA but i usually go to tradingview websites and see people analysis and make my own verison.
There are so many TA tools there that you can access free and it also listed so many pro traders analysis that we can learn from there

I would stick to analyzing the higher time frames. That's where the most profit potential lies. Intraday time frames (especially the hourly and lower) have a really bad signal-to-noise ratio.

It's useful to have a market theory underlying your TA to help you determine what's happening in the bigger picture. Wyckoff theory (https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method) or Elliott Wave Theory (https://www.investopedia.com/articles/technical/111401.asp) are a couple examples. They can provide a bird's eye view of the market, which is helpful because only looking at things like indicators and moving averages can give you tunnel vision.

Our resident Wyckoff analyst is dmwardjr. Check out his BTCUSD analysis thread: https://bitcointalk.org/index.php?topic=5140701.0