How to Read a Candle BTCUSD Chart
Candlestick BTC USD Crypto Charts - these candlestick crypto charts use the bitcoin price data (open, high, low, and close bitcoin price) to draw bitcoin price movement in an identifiable way which resembles a candle with wicks on both ends.
How to Analyze Candle Bitcoin Charts
Rectangle section is called the body.
The high & low of bitcoin price are referered to as shadows which are plotted as poking lines.
Trading Interpret Candlestick Crypto Charts - How to Analyze Candlestick Crypto Charts?
The colour of the btcusd crypto candle is either blue or red:
- Blue Color Candlesticks or Green Color Candles - Bitcoin Prices moved up
- Red Color Candles - Bitcoin Prices went down
Most trading bitcoin platforms like the MetaTrader 4 Trading Bitcoin Platform, use colours to mark direction of the bitcoin crypto currency price. Bitcoin candlesticks colours used are blue or green - when bitcoin price moves up, - color of the bitcoin candlestick is red - when bitcoin price moves down.
Interpret Candlestick Bitcoin Charts
When bitcoin candlesticks charts are used it is very easy to determine if bitcoin price moved up or bitcoin price moved down as opposed to when bitcoin bar crypto charts are used.
The Japanese candlestick crypto charts analysis also have very many candlesticks setups that are used to analyze and trade Bitcoin. These chart patterns have different trading analysis & the most common are:
Marubozu and Doji Candle Patterns
Reversal Patterns Candlestick Pattern Setups Candle Patterns
Inverted Hammer BTCUSD Crypto Candlestick Pattern and Shooting Star Candle Patterns
Piercing Line Bitcoin Candlestick Pattern & Dark Cloud Cover Candle Patterns
Morning Star Candle and Evening Star Candles Candle Patterns
How Do You Read Candle BTCUSD Crypto Charts
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