How to Read a Crypto Candlestick Chart

A beginners guide to cryptocurrency trading - how to read cryptocurrency charts. The 3 types of crypto charts are line crypto chart, bar cryptocurrency chart & candlestick cryptocurrency chart - these commonly used cryptocurrency chart types are covered in this tutorials & beginners can learn how to interpret these charts from this tutorial.

This learn bitcoin trading tutorial will show you how to read these crypto candlesticks charts that are commonly used in the Bitcoin Trading market.

How to Read Candle BTCUSD Charts for Beginner Traders

Line Charts - crypto line crypto charts draws a continuous line connecting closing bitcoin prices of bitcoin crypto.

Bitcoin Trading Line Charts - How to Read Candlestick Bitcoin Charts for Beginner Traders

Bars Charts - bitcoin trading bar crypto charts are displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening bitcoin price is displayed as a horizontal dash on the left and closing bitcoin price as a horizontal dash on right.

Bitcoin Trading Bars Charts- How to Read Candlestick Bitcoin Charts for Beginner Traders

Main disadvantage of a bar crypto charts is that it is not visually appealing, therefore most traders don't use them.

Candles Bitcoin Charts - these crypto candles charts use the same bitcoin 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.

How to Analyze Candlesticks Bitcoin Charts

The rectangle section is called the body.

The high & low are described as shadows and plotted as poking lines.

How to Read Candlestick Crypto Charts for Beginner Traders

The color of the bitcoin trading candle is either blue or red:

• (Blue or Green Color Candles) - Bitcoin Prices moved up
• (Red Color Candles) - Bitcoin Prices moved down

Most bitcoin trading platforms like the MT4 Bitcoin Trading Platform, use colors to mark the direction of the bitcoin price. Candles colors used are blue or green: when bitcoin price moves up, color of candle is blue: when bitcoin price moves down, color of candle is red.

How to Read Candle BTCUSD Charts for Beginner Traders

When Bitcoin candles crypto charts are used it is very easy to see if the bitcoin price moved up or down as opposed to when bar crypto charts are used.