MetaTrader 4 Bar Cryptocurrency Charts
A Bitcoin chart is a graphical representation of btcusd price movement of a bitcoin trading instrument over a given period of time.
Drawn on a grid and the user is at liberty to choose which crypto chart time frame they want to trade with. The trader may choose to use hourly cryptocurrency charts, daily crypto charts or even 1 minute crypto chart time frames.
To draw cryptocurrency charts, three methods are used. The methods used to draw the crypto charts defines the type of crypto chart.
The three types of crypto charts are: - Candlesticks Cryptocurrency Charts - Bar Cryptocurrency Charts - Line Bitcoin Charts
- Line charts
- Bar charts
- Candlesticks crypto charts - Most popular
Line Bitcoin Chart
A single line is drawn from one closing btcusd price to the next, forming a continuous line.
This type of cryptocurrency chart provides very little information on the chart and is therefore not very popular among cryptocurrency traders. In fact this type of cryptocurrency chart is rarely used.
Line Bitcoin Chart in Bitcoin Trading - This type of cryptocurrency chart leaves out important information about btcusd price movement. Information such as opening, high and low point of the btcusd price which are not represented on the graph.
This makes this type of crypto line cryptocurrency chart to be considered sketchy by cryptocurrency trading technical analysts.
The cryptocurrency chart below shows an example of a crypto line crypto chart.
Bar Bitcoin Chart
Bar Cryptocurrency Charts - This type of cryptocurrency chart shows the opening, closing, the high and the low, for a particular btcusd price interval and is represented by bars that look like the ones drawn below - hence its name bar crypto charts
- Bar Cryptocurrency Charts - bar cryptocurrency chart has a vertical bar showing the total btcusd price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High and low denoted by the highest and lowest point
However, these bitcoin trading bar crypto charts are not very easy to work with, especially when they are not magnified. It becomes very hard to interpret the bar crypto charts with ease when trading the btcusd trading market thus making them not very popular among cryptocurrency traders.
A Bar chart that is not magnified makes it hard to view the opening and closing btcusd price as illustrated by this example:
Candlestick Bitcoin Chart
Candlesticks Cryptocurrency Charts - This is the most widely used type of cryptocurrency charts, they resemble candles, thus their name - candlesticks cryptocurrency charts.
Candlesticks charts shows the opening, closing, the high and the low of a particular btcusd price interval.
The range between the open btcusd price and the close btcusd price is called the body of the candlestick.
Bitcoin candlesticks crypto charts is the most popular type of crypto charts among online bitcoin traders because it is the easiest to interpret when trading the btcusd trading market. Bitcoin candlestick crypto charts also gives a lot of information about the btcusd price movement. This makes crypto candlesticks charts the most widely used type of charting in Bitcoin.
Candlesticks Bitcoin Charts
Below is an example of candlesticks cryptocurrency charts. To learn and know more about crypto candlesticks charts, read this topic: Technical Analysis of Japanese Bitcoin Candlesticks Patterns in Bitcoin Trading.
How to Select These Bitcoin Chart Types on MetaTrader 4
To draw any of these types of crypto charts on the MT4 Platform a bitcoin trader can use the buttons below found on this MT4 platform.
Drawing Bitcoin Charts on MetaTrader 4
- To Select a Bar Bitcoin Chart Click the Bar Button
- To Select a Candlesticks Bitcoin Chart Click the Candlestick Button
- To Select a Line Cryptocurrency Charts - Click the Line Button
Regulated Crypto Broker Information: Read About Regulated Crypto Broker Review
Takes 5 Minutes to Open an Account, Open an Account Early: Open Crypto Trading Account
