How to Trade MT4 Charts New Traders BTCUSD Tutorial
There are 3 types of charts used in Bitcoin: Line, bar & candles - how to Trade Bitcoin charts beginner traders Guide.
How to Trade MT4 Bitcoin Patterns
Line Charts - cryptocurrency line cryptocurrency charts draw a continuous line joining closing btcusd crypto prices of btcusd crypto.
Bitcoin Line MT4 Bitcoin Chart - How to Trade MT4 Charts New Traders BTCUSD ==22==Lesson--GuideGuide--LessonLesson
MT4 BTCUSD Chart Bar Charts - btcusd crypto trading bar charts are shown as sequence of O-H-C-L bars. O.H.C.L. represents OPEN HIGH LOW ==22==and CLOSE. The Opening btcusd price is displayed as a horizontal hyphen onto the left and closing bitcoin price as a horizontal hyphen onto the right.
Bitcoin Bar MT4 BTCUSD Crypto Chart Charts- How to Trade MT4 Charts New Traders BTCUSD Lesson Guide
Main disadvantage of a bar chart MT4 Chart is that ==22==it'sit--is not visually appealing and identifiable, hence most traders don't use them.
Candlesticks Bitcoin Chart MT4 BTCUSD Chart - these crypto candles chart MT4 Chart use the same bitcoin price data as bar charts (open, high, low, & close). However, they're displayed in a more visually identifiable and appealing manner that resembles and looks like a candle with wicks on both its ends.
How to Interpret/Analyze and Analyze Candles Bitcoin MT4 Charts
The rectangle section is called the body.
The high and low are described as shadows and drawn as poking and protruding lines.
How to Trade Crypto MT4 Charts New Traders BTCUSD ==22==Lesson--GuideGuide--LessonLesson
The color of the bitcoin trading candle is either blue or red:
- (Blue or Green Color Candles) - Crypto Prices moved up
- (Red Colour Candles) - Crypto Prices headed down
Most bitcoin trading platforms such as the MT4 Bitcoin Platform, use colours to mark direction of the bitcoin price. MT4 Bitcoin Chart Candles color used are blue or green: when bitcoin price moves upwards, colour of MT4 Bitcoin Chart candle is blue: when bitcoin price moves down, colour of MT4 ==22==BTCUSDBTC/USD Crypto Chart ==22==candlecandlestick is red.
How to Trade MT4 Charts New Traders BTCUSD Tutorial
When Bitcoin MT4 candles charts are used it's very easy to see if the bitcoin price moved upward or downward as opposed to when MT4 bar charts are used.
The Japanese candles charts strategies also have very many patterns that are used to trade the Bitcoin Markets. These chart patterns have different trading analysis explanation and the most frequent are:
How to Trade Crypto MT4 Charts New Traders BTCUSD ==22==TutorialLessonLesson--Tutorial
The above MetaTrader 4 Bitcoin Chart patterns is what makes the Japanese Bitcoin MT4 Charts candlesticks chart patterns popular among bitcoin traders and it's why this type of technical MT4 Bitcoin Chart analysis are the most widely used when it comes to the Bitcoin Trade market.
Study More Courses & Tutorials:
- How ==22==CanDo You Set BTC USD Buy Orders in MT5 BTC USD Charts?
- How Can You Trade BTCUSD & Modify a Take-Profit BTC USD Order in MT5 Platform/Software?
- How to Draw BTCUSD Channels in MT4 Platform
- How to Draw Fibonacci Extension Trading Indicator Tool on Bitcoin Charts
- How Can You Trade Bitcoin & Use Buy Stop Bitcoin Order in MT5 Platform?
- How Can You Use Fibonacci Extension on MetaTrader 4 BTCUSD Charts?
- How to Draw ==22==FiboFibonacci Extension Trading Indicator Tool on Bitcoin Charts
- Copy Trade Software MetaTrader 4 & Copier Trade Software MetaTrader 5 Software
- Gann Swing Oscillator BTC USD Technical Indicator Analysis on Bitcoin
