How Do I Analyze Price Charts?
Types of Bitcoin Bar Charts
A bitcoin price chart is a representation of a series of bitcoin prices drawn on a graph as a chart representation of bitcoin price movements.
This bitcoin price movement is then drawn over a period of time and this chart bitcoin price moves drawn on the chart can be used to analyze and interpret the movement of a particular crypto instrument so as to figure out if the bitcoin trend for that crypto instrument is moving down or up.
Price Charts
A Bitcoin price chart provides a representation of bitcoin price (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto.
The movement of bitcoin prices is drawn on these bitcoin price charts. The chart can be drawn as candle btcusd price charts like the one below or as line bitcoin price charts or bar bitcoin crypto price charts.
What is Price Chart?
Technical analysis of crypto charts is then applied to these charts by using bitcoin tools provided by the bitcoin software. For example MT4 software provided indicators & bitcoin line tools that can be used to analyze these bitcoin charts.
Crypto charts can also be drawn using different chart timeframes.
The different chart time frames are used by various different types of traders.
For example:
- Bitcoin scalper use the 1 minute chart time frame and the 5 minute chart timeframes
- Bitcoin day traders use the 15 minute chart time frame and the 1 hour crypto chart timeframes
- Bitcoin swing traders use the 4 hour crypto chart time frame and the daily chart time frames
BTCUSD Chart Time Frames on MT4 Software Platform
Periodicity just means bitcoin chart timeframes, in MetaTrader 4 bitcoin platform this MT4 bitcoin charts timeframes toolbar is used to select and choose which bitcoin chart time frames to bitcoin trade with.
Bitcoin Price Chart TimeFrames - What are BTCUSD CryptoCurrency Price Charts?
The btcusd crypto price charts - chart time frames listed on the MT4 software are:
- 1 Minute - M1 Price Chart
- 5 Minute - M5 Price Chart
- 15 Minutes - M15 Price Chart
- 30 Min - M30 Price Chart
- 1 Hour - 1 Hour BTC USD Crypto Price Chart
- 4 Hour - 4 Hour Price Chart
- Daily - D Price Chart
- Weekly - W Price Chart
- Monthly - MN
Type of Crypto Price Bitcoin Charts
The three common types of bitcoin cryptocurrency price charts used in bitcoin cryptocurrency are:
- Candle BTC/USD Crypto Price Charts
- Line BTC/USD Crypto Price Charts
- Bar BTC USD CryptoCurrency Price Charts
The 3 types of bitcoin price charts are covered & explained in the topic Types of Bitcoin Crypto Charts.
Types of Candles Charts - Types of Bitcoin Bar Charts - Types of Bitcoin Line Charts
Study More Tutorials & Lessons:
- What Happens in BTC USD after Bear Flag Pattern?
- BTC USD Trade Calculator Excel Sheet
- How Do You Trade BTC USD & Add a Downloaded MT5 Bitcoin EA on MT5 BTCUSD Platforms?
- How Do I Analyze Pennant Pattern BTC USD Setup?
- BTC USD Strategies Candlesticks Patterns
- How to Add Trading Demarker in Trade Chart
- How Do I Interpret Stochastic Trading Indicator on Trade Chart?
