What is Candlesticks Bitcoin Charts?
Types of Bitcoin Charts
There are 3 types of bitcoin charts: Line bitcoin chart, bar bitcoin chart & candle bitcoin chart.
Candles BTC/USD Crypto Charts - the candlesticks charts use the same bitcoin price data as bitcoin bar charts (open, high, low, & close). However, they represent the charts in a much more easily identifiable way that looks like a candlestick with wicks on both ends.
How to Read and Interpret Candles CryptoCurrency Charts
Rectangle part of the candle is called the body.
The high and low are described as shadows & are drawn as poking lines.
Types of Charts and How to Read and Interpret Them - What is Candles Charts?
The colour of bitcoin candle is either blue or red
- (Blue or Green Color candlestick) - Bitcoin price moved up
- (Red Color candle-stick) - Bitcoin price went downward
Most bitcoin platforms like the MT4 software platform, use colors to mark direction of btcusd crypto price. Colours used are blue or green: - green bitcoin candle when bitcoin price moves up, red bitcoin candle when bitcoin price moves down.
What is Line BTCUSD Charts?
A line bitcoin chart in Bitcoin draws the closing bitcoin price of a bitcoin pair and connects this closing bitcoin price to the closing bitcoin price of the next period therefore forming a continuous bitcoin line cryptocurrency chart that draws the movement of bitcoin price movement.
Line CryptoCurrency Chart - plots a continuous line connecting closing bitcoin prices of a on the bitcoin price chart.
Types of Charts and How to Read and Interpret Them - What is a Line Charts?
What is Bar Bitcoin Charts?
Bar Crypto Currency Charts are charts representation of the bitcoin price highlighted as sequence of OHCL bars. O.H.C.L. represents OPEN HIGH LOW and CLOSE. The Opening bitcoin cryptocurrency price is displayed as a horizontal hyphen on the left and closing btcusd crypto price as a horizontal hyphen on the right.
Types of Crypto Charts and How to Read and Interpret Them - What is a Bar Bitcoin Charts
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