MT4 Bar Chart
A Bitcoin chart is a graphical illustration of bitcoin price movement of a bitcoin instrument over a given time period.
Drawn on a grid and the user is at liberty to choose which crypto time-frame they want to trade with. The trader might select to use hourly trading charts, day charts or even 1 minute trading chart time-frames.
To draw charts, three methods are used. The techniques used to draw the charts defines the type of bitcoin chart.
The three types of crypto charts are: - Candles Chart - Bar Chart - Line Bitcoin Chart Bitcoin
- Line charts
- Bar charts
- Candlesticks charts - Most popular
Line BTCUSD CryptoCurrency Chart
A single line is drawn from one closing btcusd crypto price to the next, shaping a continuous line.
This type of chart provides very little information on the chart & is therefore not very popular among investors. In fact this type of bitcoin chart gets rarely used by traders.
Line Bitcoin Chart in Bitcoin - This chart type leaves out critical info about bitcoin price movement. Data like opening, high & low point of the bitcoin price which aren't represented on the graph.
This makes this type of crypto line chart to be regarded sketchy by trade technical analysts.
The chart below highlights example of a line bitcoin chart.
Bar BTCUSD CryptoCurrency Chart
Bitcoin Bar Chart - This type of chart shows the opening, closing, the high & the low, for a particular bitcoin price interval and is represented by bars that look like the ones drawn below - hence its name bar bitcoin charts
- Bar Chart - bar chart has a vertical bar showing the total bitcoin price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High and low denoted by the highest and lowest point
However, these bitcoin bar crypto charts are not very easy to work with, especially when they are not magnified. It becomes very hard and difficult to analyze the bar crypto charts with ease when trading the btcusd market thus making them not popular among investors.
A Bar chart that isn't zoomed in makes it hard and difficult to view the opening and closing bitcoin price as highlighted by this example:
Candlestick BTC USD Crypto Chart
Crypto Candle-sticks Chart - This is the most widely used type of charts, they resemble candle-sticks, thus their name - candles bitcoin crypto charts.
Candlesticks charts highlights the opening, closing, the high & the low of a particular btcusd crypto price interval.
The range in between the open bitcoin price & the close bitcoin price is called the body of the candle.
Bitcoin candles charts is the most liked type of crypto charts among online bitcoin traders because it is the easiest to interpret when trading the bitcoin market. Bitcoin candlestick charts also gives and generates a lot of information about the bitcoin price movement. This makes crypto candles charts the most widely used type of charting in Bitcoin Crypto.
Crypto Candle-sticks Chart Bitcoin
Shown Below is an example of candles charts. To learn and know more about candles charts, study the tutorial: Analysis of Japanese Bitcoin Candlesticks Pattern Setups in Bitcoin Trading.
How to Select These Bitcoin Chart Types in MT4 Software
To draw any of these types of crypto charts on the MT4 Software Platform a trader can use the buttons below found on this MetaTrader 4 platform software.
Drawing Bitcoin Chart in MetaTrader 4 Platform Software
- To Select a Bar Bitcoin Chart Click the Bar Button Key
- To Choose a Candles Bitcoin Chart Click the Candle Button
- To Select a Line Chart - Click the Line Button
Study More Guides & Tutorials:
- The BTC USD Strategies of Trade Breakouts of BTC USD Prices
- BTC USD Tips & Rules for Maximizing and Increasing Profits of Your How to Write BTC USD Trade Strategy Rules
- Use TP Orders & Use Stop Loss Trade Order in Platform Software
- BTC/USD Crypto Trading Charts Guide Tutorial
- Classic Divergence Trading Indicators
- Spinning Tops Consolidation BTC USD Candlesticks Pattern
- How Do I Interpret BTCUSD Chart Movement?
- BTC USD Trading Analysis Trading Indicators Described
- How Do I Analyze BTCUSD Support Resistance Levels in BTC USD Trade?
- BTC USD Trade Brokers BTCUSD Accounts
