I draw my own analysis based on the analyses of others who I know are well-versed in trading than me. Reading into tradingview and reading some historical graphs also helps me in deciding whether to bail out or risk more. It's also vital to read into order books in a the exchange that you're working with because it also helps you check what's the status of both sides. Sometimes, a coin could be overbought and we all know that it will lead to a sell later on. I don't really use any automated tools but instead rely on my "primitive" weapons and some couple of alerts on my phone and PC as well.
Yeah, we should base it on the historical graphs to be sure on the status of the coin its better on that way. We will lose on our false expectations if we don't survey. Better to consult an expert or a group of traders to make sure of your every move.
Right.. I also usually use channels, moving averages, and volume to determine the pattern and anticipate where the price might be going.
Some traders always follow some patterns. You need to monitor the price every second of your life by that.
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