What should I look for in a Bitcoin Chart?
The most popular cryptocurrency chart types are:
- Line BTCUSD Charts
- Bar Bitcoin Charts
- Candles Bitcoin Charts
The best chart to trade with when you want to start bitcoin trading is the candlesticks crypto chart. The candlesticks crypto charts are easy to use and easier to interpret when trading. Beginner traders should start with this type of chart which is easier to use when it comes to technical analysis of bitcoin charts.
Candlesticks - 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 Candlesticks Cryptocurrency Charts in Bitcoin Trading
The rectangle section is called the body.
The high & low are described as shadows and plotted as poking lines.
What should I look for in a Crypto Chart?
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 trading platforms like the MT4 Bitcoin Trading Platform, use colors to mark the direction of the candlesticks. Colors used are blue or green: when bitcoin price moves up - green candlesticks, when bitcoin price moves down - red candlesticks.
