LetsDoCrypto vs TradingView vs TrendSpider: Which Tool Do You Actually Need?
TradingView, TrendSpider, and LetsDoCrypto serve genuinely different purposes. Using the wrong tool for the job does not make the other tools bad — it means you have not matched the tool to the task.
The most common question new traders ask is "which tool should I use?" The honest answer is that TradingView, TrendSpider, and LetsDoCrypto solve genuinely different problems. Using any one of them for a task it was not designed for produces frustration — not because the tool is bad, but because the task does not match the tool's purpose.
This guide explains what each platform actually does well, where each falls short, and which combination makes the most sense for different types of crypto traders.
What TradingView Does Best
TradingView is the gold standard for interactive charting. Its core strengths:
- The most comprehensive set of drawing tools, indicators, and overlays available in any retail platform
- Pine Script — a scripting language that allows traders to code and share custom indicators and strategies
- A massive community of shared scripts, ideas, and analysis
- Multi-asset coverage spanning crypto, equities, forex, and commodities on a single platform
Where TradingView falls short: it is a charting tool, not a scanner. Screening for chart patterns algorithmically across hundreds of pairs simultaneously is not what TradingView was built for. The built-in screener is basic; crypto pattern screening requires either manual chart review or paid third-party scripts that are rarely as capable as purpose-built scanners.
What TrendSpider Does Best
TrendSpider is built for automated technical analysis — specifically, automating the manual processes of drawing trendlines, identifying Fibonacci levels, and detecting chart patterns programmatically. Key differentiators:
- Automated trendline detection that identifies the statistically most significant support and resistance levels algorithmically
- Multi-timeframe analysis displayed simultaneously on a single chart
- Strategy backtesting without coding
- Raindrop Charts — a proprietary visualization combining volume profile with price action
TrendSpider is a paid platform starting at roughly $39/month with no meaningful free tier. It does not offer the depth of algorithmic historical pattern matching that the Pattern Finder provides.
What LetsDoCrypto Does Best
LetsDoCrypto is built for two specific tasks: real-time crypto pattern scanning and algorithmic historical pattern matching. Both are free, no account required.
The Live Scanner continuously monitors 500+ USDT perpetual futures pairs across six timeframes, detecting 20 chart pattern types algorithmically and ranking results by similarity score. At any moment, you can see every significant bull flag, falling wedge, or ascending triangle forming across the entire USDT perpetual futures market — in seconds, not hours of manual chart review.
The Pattern Finder searches over 1 million historical candles using 10 different algorithms — DTW, Pearson, Ensemble, K-mer, Euclidean, Cosine, Chebyshev, Manhattan, Spearman, and OBV — to find the closest historical matches to any current price structure, showing what actually happened next in those past instances.
Where LetsDoCrypto falls short: it is not a charting platform. For detailed chart markup, indicator overlays, and annotation work, TradingView remains necessary alongside it.
The Honest Comparison
- Interactive charting with drawing tools: TradingView
- Custom indicator development: TradingView (Pine Script)
- Automated trendline detection: TrendSpider
- Rule-based strategy backtesting: TrendSpider
- Real-time pattern scanning, 500+ pairs: LetsDoCrypto Live Scanner
- Historical pattern matching, 1M+ candles: LetsDoCrypto Pattern Finder
- Cost: LetsDoCrypto (free); TradingView (free tier available); TrendSpider (paid only)
Which Combination Makes Sense?
For beginners: TradingView free tier for charting and LetsDoCrypto for pattern scanning and historical research. This combination costs nothing and covers both interactive charting and systematic pattern analysis.
For active traders: TradingView Pro+ for advanced charting and alerts, LetsDoCrypto for real-time scanning and historical matching. Annotation on TradingView, broad market discovery on LetsDoCrypto.
For systematic traders: TrendSpider for automated trendline analysis and rule-based backtesting, LetsDoCrypto for pattern-similarity searches where rule-based tests are less suitable.
Frequently Asked Questions
What is the difference between LetsDoCrypto and TradingView?
TradingView is an interactive charting platform with extensive drawing tools, custom indicators via Pine Script, and community-shared analysis. LetsDoCrypto is a pattern scanning and historical matching platform — its Live Scanner monitors 500+ crypto pairs for 20 chart patterns in real time, and its Pattern Finder searches 1M+ historical candles for setups similar to the current chart. TradingView is better for detailed chart markup; LetsDoCrypto is better for systematic market scanning and data-driven setup validation.
Does LetsDoCrypto replace TradingView?
No — LetsDoCrypto and TradingView serve different purposes and work best together. TradingView excels at interactive charting, drawing tools, custom indicators, and alert systems. LetsDoCrypto excels at real-time pattern scanning across 500+ pairs and historical pattern matching against 1M+ candles. Most active traders use both: TradingView for annotating and monitoring specific charts, LetsDoCrypto for discovering which pairs currently have the most interesting setups.
Is TrendSpider worth paying for?
TrendSpider is worth paying for if you spend significant time manually drawing trendlines, Fibonacci levels, and support/resistance zones, or if you want rule-based strategy backtesting without coding. For traders primarily focused on crypto pattern recognition and historical analysis, LetsDoCrypto provides comparable or superior functionality at no cost.
Can I use LetsDoCrypto for free without an account?
Yes — both the Live Scanner and the Pattern Finder on LetsDoCrypto are completely free to use with no account required. You can scan 500+ USDT perpetual futures pairs for 20 chart patterns across 6 timeframes and run historical pattern matching searches against 1M+ candles without signing up or entering any payment information.
Which crypto analysis tool is best for beginners?
For beginners, the best combination is TradingView's free tier for learning to read charts interactively and LetsDoCrypto for pattern scanning and historical research. This combination costs nothing, covers the core skills of chart reading and pattern analysis, and avoids the complexity of paid platforms before you have established a specific need for their advanced features.
Try it yourself
Everything described in this article is available free on LetsDoCrypto — no sign-up required.