What is a Crypto Price Chart?
A bitcoin trading price chart is a representation of a sequence of bitcoin trading prices drawn on a graph as a cryptocurrency chart representation of bitcoin trading price movements.
This bitcoin trading price movement is then drawn over a period of time and this cryptocurrency chart bitcoin trading price moves drawn on the cryptocurrency chart can be used to analyze the movement of bitcoin trading price so as to determine if the bitcoin trend is down or up.
Crypto Price Charts
A Bitcoin Trading bitcoin trading price chart provides a representation of exchange rates (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto.
The movement of bitcoin trading prices is drawn on these bitcoin trading price charts. The chart can be drawn as candlestick bitcoin trading price charts like the one below or as line bitcoin trading price charts or bar bitcoin trading price charts.
What's Crypto Price Chart? - What is Crypto Price Chart? - What are Crypto Charts
Technical analysis of crypto charts is then applied to these charts by using bitcoin trading tools provided by the bitcoin trading software. For example cryptocurrency MT4 platform provided cryptocurrency indicators & crypto line studies that can be used to analyze these bitcoin charts.
Bitcoin Trading charts can also be drawn using different chart time frames.
The different chart time frames are used by different types of cryptocurrency traders.
For example:
- Bitcoin Trading scalper use the 1 minute crypto chart time frame and the 5 minute crypto chart time frames
- Bitcoin Trading day traders use the 15 minute crypto chart time frame and the 1 hour crypto chart time frames
- Bitcoin Trading swing traders use the 4 hour crypto chart time frame and the daily crypto chart time frames
Periodicity Toolbar Menu on BTCUSD Trading Software
Periodicity just means chart time frames, in MT4 bitcoin platform this charts time frames toolbar is used to select which chart time-frames to trade with.
Crypto Price Chart Time frames - What are Crypto Price Charts?
The bitcoin trading price charts - chart time frames listed on the MT4 platform are:
- 1 Minute - M1
- 5 Minute - M5
- 15 Minutes - M15
- 30 Minutes - M30
- 1 Hour - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of Crypto Price Charts
The three common types of bitcoin trading price charts used in bitcoin trading are:
- Candlestick Bitcoin Price Charts
- Line Bitcoin Price Charts
- Bar Bitcoin Price Charts
These 3 types of bitcoin trading price charts are covered in the topic Bitcoin Chart Types.
