What is a Crypto Price Chart?
A bitcoin price chart is a representation of a series of bitcoin trading prices drawn on a graph as a chart representation of bitcoin price movements.
This bitcoin price movement is then drawn over a period of time and this chart bitcoin price moves drawn on the chart can be used to analyze and interpret the movement of bitcoin price so as to figure out if the bitcoin trend is down or up.
Crypto Price Charts
A Bitcoin Trading bitcoin 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 price charts. The chart can be drawn as candle btcusd price charts like the one below or as line bitcoin price charts or bar bitcoin crypto price charts.
What is 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 software. For example MetaTrader 4 software provided indicators & line studies which can be used to analyze these bitcoin charts.
BTCUSD charts can also be drawn using different chart timeframes.
The various chart time-frames are used by various types of traders.
For example:
- BTCUSD scalper use the 1 minute crypto chart time-frame and the 5 minute crypto chart timeframes
- BTCUSD Trading day traders use the 15 minute crypto chart time frame and the 1 hour crypto chart timeframes
- Bitcoin Trading swing traders use the 4 hour crypto chart time-frame and the daily crypto chart time frames
Periodicity Tool-bar Menu in BTCUSD Trading Software Platform
Periodicity just means chart time-frames, in MetaTrader 4 bitcoin platform this charts time-frames toolbar is used to select and choose which time-frames to trade with.
Crypto Price Chart TimeFrames - What are Crypto Price Charts?
The btcusd crypto price charts - chart time frames listed on the MT4 platform software are:
- 1 Minute - M1
- 5 Minute - M5
- 15 Minute - M15
- 30 Minute - M30
- H1 - 1H
- 4 Hour - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of Crypto Price Charts
The three common types of bitcoin cryptocurrency price charts used in bitcoin cryptocurrency are:
- Candle Bitcoin Price Charts
- Line Bitcoin Price Charts
- Bar Bitcoin Price Charts
The 3 types of bitcoin price charts are covered & explained in the topic BTC/USD Crypto Chart Types.
More Guides & Topics:
- How to Login to MetaTrader 5 Bitcoin Real Account Described
- How to Trade BTCUSD Successfully for Beginner Traders
- How Do You Add MT5 Bitcoin Trade Parabolic SAR Indicator on MT5 BTCUSD Chart in MT5 Platform?
- How to Open Nano How to Find a Nano BTC USD Trade Account
- Best Hours to Trade BTC USD
- BTC USD Continuation Pattern Setups BTC USD Patterns
