What are the 3 Types of Cryptocurrency Charts?

Interpreting Bitcoin Charts

There are 3 types of charts used in Bitcoin: Line Bitcoin Charts, Bar Bitcoin Charts and Candlesticks Bitcoin Charts.

Line Charts - plots continuous line connecting closing bitcoin prices of bitcoin crypto.

Bitcoin Trading Line Charts - What are the 3 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 price is displayed as a horizontal dash on the left and closing bitcoin price as a horizontal dash on right.

Bitcoin Trading Bar Bitcoin Charts - What are the 3 Types of Bitcoin Charts?

Candle BTCUSD Charts - these 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

The rectangle section is called the body.

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

Crypto Candlesticks Charts - What are the 3 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 price moves up, red: when bitcoin price moves down.