MT4 Bar Charts
A Bitcoin chart is a graphical illustration of bitcoin price movement of a bitcoin instrument over a specified period of time.
Drawn on a grid & user is at liberty to choose which crypto time-frame they want to trade with. The trader may choose to use hourly cryptocurrency charts, day charts or even 1 minute crypto chart timeframes.
To draw cryptocurrency charts, Three methods are used. Methods used to draw the crypto charts defines the type of bitcoin chart.
The three types of crypto charts are: - Candlesticks Charts - Bar Charts - Line Bitcoin Charts
- Line charts
- Bar charts
- Candles crypto charts - Most popular
Line BTCUSD Chart
A single line is drawn from one closing btcusd price to the next, shaping a continuous line.
This type of chart provides very little information on the chart and is therefore not too be very popular among investors. In fact this type of bitcoin chart is rarely ever used.
Line Bitcoin Chart in Bitcoin - This chart type leaves out critical info about bitcoin price movement. Data such as opening, high and low point of the bitcoin price which are not represented on the trade graph.
This makes this type of crypto line chart to be considered sketchy by cryptocurrency trade technical analysts.
The chart below displays example of a line bitcoin chart.
Bar Bitcoin Crypto Currency Chart
Bar Charts - This type of chart shows the opening, closing, the high & the low, for a particular bitcoin price interval & is represented by bars that look like the ones drawn below - hence its name bar bitcoin charts
- Bar Charts - bar chart has got a vertical bar showing the total bitcoin price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High and low denoted by highest & lowest point
However, these bitcoin trading bar crypto charts aren't very easy to work with, especially when they aren't magnified. It becomes very difficult to interpret the bar crypto charts with ease when trading the btcusd market thus making them not popular among traders and investors.
A Bar chart that ==22==isn'tis--not zoomed in makes it hard to view the opening and closing bitcoin price just as is shown by this illustration:
Candle BTCUSD Crypto Chart
Candles Charts - This is the most commonly used type of chart, they resemble candles, thus their name - candlesticks bitcoin charts.
Candlesticks charts shows opening, closing, the high & the low of a particular btcusd crypto price interval.
The range between the open bitcoin price & the close bitcoin price is called the body of the candle-stick.
Bitcoin candles crypto charts is the most popular/liked type of crypto charts among online bitcoin traders because it's the easiest to interpret when trading the btcusd market. Bitcoin candlestick charts also gives a lot of data about the bitcoin price movement. This makes crypto candles charts the most widely used type of charting in BTCUSD.
Candles BTC/USD Crypto Charts
Shown Below is an example of candles charts. To learn and know more about crypto candlesticks charts, study this lesson: Technical Analysis of Japanese Bitcoin Candlesticks Setups in Bitcoin Trading.
How to Select and Choose These Bitcoin Chart Types on MT4 Software Platform
To draw any of the types of crypto charts on the MT4 Software Platform a trader can use the buttons below found on this MT4 software.
Drawing Bitcoin Charts on MT4 Software Platform
- To Select a Bar BTCUSD Chart Click the Bar Button
- To Choose a ==22==CandlesticksCandles Bitcoin Chart Click the Candle Button
- To Choose a Line Charts - Press the Line Button
Learn More Courses & Topics:
- MT4 BTCUSD Software Tutorial Candles Chart Analysis BTC/USD Course Tutorial
- How Many Types of Bitcoin Trading are There?
- How to Start ==22==BTC--USDBTCUSDBTC/USD Trading on MetaTrader 4 Android BTC USD App
- How Can You Draw ==22==BiitcoinBTCUUSD Trend-lines for Intraday BTC USD Trading?
- Different Types of Bitcoin Trade Accounts Described
- How Can You Install ==22==MetaTrader--4 BTCUSD Software Installation?
- How Can You Set Trade TakeProfit Order in MT4 Software Platform?
- How to Trade & Draw a Trend-line on a Chart
- Chandes Dynamic Momentum Index Bitcoin Indicator Analysis
- How Can You Draw Downwards ==22==TrendlineTrend--lineTrend-line on MetaTrader 5 Software?
