How to Trade MT4 Charts New Traders BTCUSD Tutorial
There are three types of charts used in Bitcoin: Line, bar & candles - how to Trade Bitcoin charts beginner traders Guide.
How to Trade MT4 Bitcoin Patterns
Line Charts - cryptocurrency line cryptocurrency charts draws a continuous line connecting closing btcusd crypto currency prices of btcusd crypto.
Bitcoin Line MT4 Bitcoin Chart - How to Trade MT4 Charts New Traders BTCUSD Guide
MT4 BTCUSD Crypto Currency Chart Bar Charts - btcusd crypto currency trading bar charts are shown as sequence of O-H-C-L bars. O.H.C.L. represents OPEN HIGH LOW and CLOSE. The Opening btcusd crypto currency price is displayed as a horizontal dash to the left and closing bitcoin price as a horizontal dash to the right.
Bitcoin Bar MT4 BTCUSD Crypto Currency Chart Charts- How to Trade MT4 Charts New Traders BTCUSD Guide
Main disadvantage of a bar chart MetaTrader 4 Chart is that it is not visually appealing, hence most traders don't use them.
Candlesticks Bitcoin Chart MT4 BTCUSD Crypto Currency Chart - these crypto candles chart MT4 Chart use the same bitcoin price data as bar charts (open, high, low, & close). However, they're displayed in a much more visually identifiable manner that resembles a candle with wicks on both its ends.
How to Analyze Candles Bitcoin MT4 Charts
The rectangle section is called the body.
The high and low are described as shadows and drawn as poking lines.
How to Trade Crypto Meta Trader 4 Charts New Traders BTCUSD Guide
The color of the bitcoin trading candlestick is either blue or red:
- (Blue or Green Color Candles) - Crypto Prices moved up
- (Red Colour Candles) - Crypto Prices headed down
Most bitcoin trading platforms like the MetaTrader 4 Bitcoin Platform, use colours to mark direction of the bitcoin price. MT4 Bitcoin Chart Candles color used are blue or green: when bitcoin price moves upwards, colour of MT4 Bitcoin Crypto Currency Chart candle is blue: when bitcoin price moves down, colour of MT4 BTCUSD Crypto Currency Chart candle is red.
How to Trade MT4 Charts New Traders BTCUSD Tutorial
When Bitcoin MT4 candles charts are used it's very easy to see if the bitcoin price moved upward or downward as opposed to when MetaTrader 4 bar charts are used.
The Japanese candlesticks charts strategies also have very many patterns that are used to trade the Bitcoin Markets. These chart patterns have different trading analysis explanation and the most common are:
How to Trade Crypto Meta Trader 4 Charts New Traders BTCUSD Tutorial
The above MetaTrader 4 Bitcoin Chart patterns is what makes the Japanese Bitcoin MT4 Charts candlesticks chart patterns popular among bitcoin traders and it's why this type of technical MT4 Bitcoin Chart analysis are the most widely used when it comes to trading the Bitcoin Trade market.
Study More Courses & Tutorials:
- How Can You Set BTC USD Buy Orders in MT5 BTC USD Charts?
- How Can You Trade BTCUSD & Modify a Take Profit BTC USD Order in MT5 Software?
- How to Draw Bitcoin Channels in MT4 Trading Software
- How to Draw Fibonacci Extension Technical Indicator Tool on Bitcoin Charts
- How Can You Trade Bitcoin & Use Buy Stop Bitcoin Order in MT5 Software?
- How Can You Use Fibonacci Extension on MT4 BTCUSD Charts?
- How to Draw Fibonacci Extension Technical Indicator Tool on Bitcoin Charts
- Copy Trade Software MetaTrader 4 & Copier Trade Software MetaTrader 5 Software
- Gann Swing Oscillator BTC USD Technical Indicator Analysis in Bitcoin
