How to Predict Bitcoin Charts
Bitcoin Charts Analysis Technical Trading Methods PDF
There are 3 types of charts used in Bitcoin: Line Crypto Chart, Bar Bitcoin Chart and Candles CryptoCurrency Chart - How to Predict Bitcoin Charts.
How Do You Trade Bitcoin Chart Analysis
Line Crypto Charts - line charts draw a continuous line connecting/joining closing bitcoin prices of bitcoin crypto.
Bitcoin Line Bitcoin Charts - How to Predict Bitcoin Charts
Bar BTCUSD Chart - bitcoin cryptocurrency bar charts are shown as sequence of O-H-C-L bars. O.H.C.L. represents OPEN HIGH LOW & CLOSE. The Opening bitcoin crypto price is displayed as a horizontal dash on the left and closing bitcoin price as a horizontal hyphen on the right.
Bitcoin Bar Bitcoin Charts - How to Predict Bitcoin Charts New Traders PDF
Main disadvantage of bitcoin bar cryptocurrency chart is that it isn't visually identifiable, therefore most traders don't use them.
Crypto Candles Charts - these candlesticks charts use the same bitcoin price data as bitcoin bar charts (open, high, low, and close). However, they are represented in a much more visually identifiable and appealing way which resembles and looks like a candlestick that has wicks on both ends.
How to Interpret and Analyze Candles BTCUSD Charts
rectangle part of the bitcoin candle-stick is called the body.
The high & low of the bitcoin candle are called as shadows and are plotted as poking lines.
How to Predict BTCUSD Charts
color of the bitcoin candle-stick is either blue or red:
- (Blue or Green Colour Candlesticks) - Prices moved up
- (Red Colour Candlesticks) - Prices moved down
Most bitcoin platforms such as the MT4 BTCUSD Platform, use colors to mark direction of bitcoin crypto price. Candles color used are blue or green: when bitcoin price moves up, colour of candle is blue: when bitcoin price moves down, colour of candle stick is red.
How to Predict BTCUSD Charts
When Bitcoin candles charts are used it's very easy to see if the bitcoin price moved upward or downward as compared to when bar charts are used.
The Japanese candlesticks charts techniques also have very many candles formations and setups that are used to trade the Bitcoin Markets. These crypto chart patterns have different analysis explanation and the most common are:
Bitcoin Charts Online Bitcoin Course Beginner Traders Tutorial Beginner Traders Tutorial
The above cryptocurrency candlesticks patterns is what makes the Japanese candlesticks chart patterns popular among bitcoin traders and it's why this type of cryptocurrency chart analysis trading analysis are most commonly utilized when it comes to analyzing the Bitcoin market.
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