How Do I Analyze Price Action in a Bitcoin Chart?

Bitcoin Trade Price Action in a Bitcoin Chart

price action in a chart is the study and analysis of btcusd price movements using bitcoin candlesticks, chart patterns & bitcoin trend lines so as to figure out the trend of the bitcoin price.

Bitcoin price action tries to figure out if the trend of the market price is upwards - bullish bitcoin price action, or downwards - bearish bitcoin price action or sideways - consolidating bitcoin price action.

Once one identifies a bitcoin price action pattern on the bitcoin price - they can then use the study of various bitcoin price action studies to try & determine the next market move of the bitcoin price.