Trading Bitcoin Interpret the 3 Different Types of Bitcoin Charts
Bitcoin Trade the 3 Different Types of Bitcoin Charts
Interpreting Bitcoin Charts
There are 3 types of charts used in Bitcoin: Line Bitcoin Charts, Bar Cryptocurrency Charts and Candlesticks Bitcoin Charts.
Line Cryptocurrency Charts - plots a continuous line connecting closing bitcoin trading prices of a bitcoin crypto.
Bitcoin Line Cryptocurrency Charts - What are the 3 Different Types of Bitcoin Charts?
Bar BTCUSD Charts- displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening bitcoin trading price is displayed as a horizontal dash on the left and closing bitcoin price as a horizontal dash on the right.
Bitcoin Bar Cryptocurrency Charts - What are the 3 Different Types of Bitcoin Charts?
Candle BTCUSD Charts - these use the same bitcoin trading price data as bar crypto charts (open, high, low, & close). However, they are displayed in a much more visually identifiable way which resembles a candle with wicks on both its ends.
Trading Bitcoin Interpret
The rectangle section is called the body.
The high & low are described as shadows and plotted as poking lines.
Candles Cryptocurrency Charts - What are the 3 Different Types of Bitcoin Charts?
The color of the candle-stick is either blue or red
- (Blue or Green Color) - Bitcoin Prices moved up
- (Red Color) - Bitcoin Prices moved down
Most bitcoin trading platforms like the MT4, use colors to mark the direction. Colors used are blue or green: when bitcoin trading price moves up, red: when bitcoin trading price moves down.
Analyze the 3 Different Types of Bitcoin Charts
