Yep it's basic TA for sure. I got into learning about it when I started trading stocks some years ago. EW analysis seems to be the go to TA indicator for a lot of crypto traders and I do follow some people who use it. It's just like other methods, it's just a different type of tool (and there are many many TA tools now, seems there's a new method developed every other day now).

Honestly I got tired of short term trading and have adopted a longer term strategy but I still like to do this type of thing from time to time for fun and to see which way the indicators say things are heading.