How to Read and Interpret a Candle BTCUSD Chart
Candlestick BTC USD Crypto Charts - these candle crypto charts use the bitcoin price data (open, high, low, and close bitcoin price) to draw bitcoin price movement in an identifiable way which resembles a candle with wicks on both ends.
How to Interpret and Analyze Candle Bitcoin Charts
Rectangle section is called the body.
The high & low of bitcoin price are referered to as shadows which are plotted as protruding lines.
Trading Interpret Candlestick Crypto Charts - How to Interpret and Analyze Candlestick Crypto Charts?
The colour of the btcusd crypto candlestick is either blue or red:
- Blue Color Candlesticks or Green Color Candles - Bitcoin Prices moved up
- Red Color Candles - Bitcoin Prices went down
Most trading bitcoin platforms such as the MetaTrader 4 Trading Bitcoin Software, use colours to mark direction of the bitcoin price. Bitcoin candles colours used are blue or green - when bitcoin price moves up, - color of the bitcoin candle is red - when bitcoin price moves down.
Interpret Candlestick Bitcoin Charts
When bitcoin candlesticks charts are used it's very easy to figure out if bitcoin price moved up or bitcoin price moved down as opposed to when bitcoin bar crypto charts are used.
The Japanese candlestick crypto charts analysis also have very many candles setups that are used to analyze and trade Bitcoin. These chart patterns have different trading analysis and the most regular are:
Marubozu & Doji Candle Patterns
Reversal Patterns Candlestick Setups Candlestick Patterns
Inverted Hammer BTC USD Crypto Candle Pattern and Shooting Star Candle Patterns
Piercing Line Bitcoin Candlestick Pattern and Dark Cloud Candle Patterns
Morning Star Candlestick & Evening Star Candles Candlestick Patterns
How Do You Read Candle BTCUSD CryptoCurrency Charts
Get More Topics:
- BTC USD Trading Indicators List & Best Combination of BTC USD Trading Indicators for Bitcoin
- Is a BTCUSD Trade Doji Candle Bullish or Bearish?
- How to Interpret and Analyze Resistance Support Levels using BTC/USD Trend Lines
- How to Add a Sell Stop Pending Order on MT5 Platform
- Learn MT4 Bitcoin Charts & MT4 BTCUSD Chart Analysis for Beginner Traders
- Draw Down BTC USD Equity Management Calculator
- Chande Trendscore BTC USD Indicator Technical Analysis in BTC USD
- How to Interpret and Analyze BTC USD Strategies
- Set Buy Limit BTC USD Order & Sell Limit BTC USD Order on MT5 Platform
- BTC USD Price Pullback Explained with BTCUSD Example
