I'm now realizing that on-chain analysis is a must to watch when it comes to understanding how this market is moving, but the number of parameters that are shown in various sites just got me easily confused.
So, in the shoes of a short-term trader (my timeframes range from daily trading to weekly trading) that, however, wants to get information about how the market is going to move in this period (this is, instead, more like a mid/long-term view), which are the parameters you check the most and you retain the most important?
P.S: Which on-chain analysis website do you retain to be better?
I think the only good site for on-chain analysis is cryptoquant.com. They have some good analytics for traders, the simpler ones are free, the more valuable ones come with a monthly subscription, but I have felt some of the most important ones are
1. BTC./USDT on exchanges vs BTC/USDT on Private Key wallets (Called All exchanges Reserves & Netflow) : This gives you a hint whether miners have brought in their BTC to sell in the market or they have brought in USDT to buy some BTC or Alts.
2. Miner Flow: Generally miners are considered whales in crypto world so tracking their movement makes a lot of sense and gives you an idea about the whale action.
A few people also create indicators using this data, you might try that too but what will fit your trading strategy will obviously come with some hit and trial.
