How Do I Interpret Price Charts?
Types of Bitcoin Bar Charts
A bitcoin price chart is a representation of a series of bitcoin 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 the movement of a particular crypto instrument so as to determine if the bitcoin trend for that crypto instrument is moving down or up.
Price Charts
A Bitcoin price chart provides a representation of bitcoin price (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto.
The movement of bitcoin prices is drawn on these bitcoin price charts. The chart can be drawn as candle bitcoin crypto currency price charts like the one below or as line bitcoin crypto currency price charts or bar bitcoin crypto currency price charts.
What is Price Chart?
Technical analysis of crypto charts is then applied to these charts by using bitcoin tools provided by the bitcoin software. For example MT4 platform provided indicators & bitcoin line tools that can be used to analyze these bitcoin charts.
Crypto charts can also be drawn using different chart timeframes.
The different chart time-frames are used by various different types of traders.
For example:
- Bitcoin scalper use the 1 minute chart time frame and the 5 minute chart timeframes
- Bitcoin day traders use the 15 minute chart time frame and the 1 hour crypto chart timeframes
- Bitcoin swing traders use the 4 hour crypto chart time frame and the daily chart time frames
BTCUSD Chart Time Frames on MT4 Platform
Periodicity just means bitcoin chart timeframes, in MT4 bitcoin platform this MT4 bitcoin charts time frames toolbar is used to select which bitcoin chart time frames to bitcoin trade with.
Bitcoin Price Chart TimeFrames - What are BTCUSD Crypto Price Charts?
The btcusd crypto price charts - chart time-frames listed on the MetaTrader 4 platform are:
- 1 Minute - M1 Price Chart
- 5 Minute - M5 Price Chart
- 15 Minutes - M15 Price Chart
- 30 Minutes - M30 Price Chart
- 1 H - 1 Hour BTCUSD Crypto Price Chart
- 4 Hours - 4 Hour Price Chart
- Daily - D Price Chart
- Weekly - W Price Chart
- Monthly - MN
Type of Crypto Price Bitcoin Charts
The three common types of bitcoin crypto currency price charts used in bitcoin crypto currency trading are:
- Candle BTCUSD Crypto Price Charts
- Line BTCUSD Crypto Price Charts
- Bar BTCUSD Crypto Price Charts
The 3 types of bitcoin crypto currency price charts are covered in the topic Types of Bitcoin Crypto Currency Charts.
Types of Candles Charts - Types of Bitcoin Bar Charts - Types of Bitcoin Line Charts
Study More Tutorials and Lessons:
- What Happens in BTC USD after Bear Flag Pattern?
- BTC USD Trade Calculator Excel Sheet
- How Do I Trade BTC USD & Add a Downloaded MT5 Bitcoin Expert Advisor EA in MetaTrader 5 BTCUSD Platforms?
- How Do I Analyze Pennant Pattern BTC USD Chart Pattern?
- BTC USD Trade Strategies Candlesticks Patterns
- How to Add Trading Demarker Technical Indicator in Trade Chart
- How Do I Analyze Stochastic Technical Indicator on Trade Chart?
