How to Predict Bitcoin Charts
Bitcoin Charts Analysis Technical Trading Methods PDF
There are three types of charts used in Bitcoin Crypto Currency: Line Bitcoin Crypto Currency Chart, Bar Bitcoin Chart and Candlesticks Cryptocurrency Chart - How to Predict Bitcoin Charts.
How Do I Trade Bitcoin Chart Analysis
Line Cryptocurrency Charts - line charts draw a continuous line connecting closing bitcoin prices of bitcoin crypto.
Bitcoin Line Bitcoin Charts - How to Predict Bitcoin Charts
Bar BTCUSD Crypto Currency Chart - bitcoin crypto currency bar charts are shown as sequence of O-H-C-L bars. O.H.C.L. represents OPEN HIGH LOW and CLOSE. The Opening bitcoin crypto price is displayed as a horizontal dash on the left and closing bitcoin crypto currency price as a horizontal dash on the right.
Bitcoin Bar Bitcoin Charts - How to Predict Bitcoin Charts New Traders PDF
Main disadvantage of bitcoin bar cryptocurrency chart is that it isn't visually appealing, therefore most traders do not use them.
Cryptocurrency Candles Charts - these candlesticks charts use the same bitcoin price data as bitcoin bar charts (open, high, low, and close). However, they are represented in a much more visually identifiable way which resembles a candle that has wicks on both ends.
How to Interpret Candles BTCUSD Charts
rectangle part of the bitcoin candle-stick is called the body.
The high & low of the bitcoin candle are called as shadows and are plotted as poking lines.
How to Predict BTCUSD Charts
color of the bitcoin candle-stick is either blue or red:
- (Blue or Green Colour Candlesticks) - Prices moved up
- (Red Colour Candlesticks) - Prices moved down
Most bitcoin platforms like the MT4 BTCUSD Trading Software, use colors to mark direction of btcusd crypto price. Candlesticks color used are blue or green: when bitcoin price moves up, colour of candlestick is blue: when bitcoin price moves down, colour of candle stick is red.
How to Predict BTCUSD Charts
When Bitcoin candles charts are used it's very easy to see if the bitcoin price moved upward or downward as opposed to when bar charts are used.
The Japanese candlesticks charts techniques also have very many candles formations that are used to trade the Bitcoin Markets. These cryptocurrency chart patterns have different trading analysis explanation and the most common are:
Bitcoin Charts Online Bitcoin Course Beginner Traders Tutorial Beginner Traders Tutorial
The above cryptocurrency candlesticks patterns is what makes the Japanese candlesticks chart patterns popular among bitcoin traders and it's why this type of cryptocurrency chart analysis trading analysis are most commonly utilized when it comes to analyzing the Bitcoin market.
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