What Bitcoin Chart Should I Trade With?
The most popular crypto charts in the Bitcoin Market are : Line charts, Bar charts and Candle charts.
As a beginner wanting to know which chart you should trade with the advantages of the Candlesticks charts are described below - which makes the candlesticks crypto charts the best choice of bitcoin trading with.
The crypto candlesticks are easy to use as compared to line crypto charts or bar bitcoin charts.
How to Read Crypto Candles Charts
Cryptocurrency Candles Charts - these crypto candles charts use the same bitcoin price data as bar crypto charts (open, high, low, & close). However, these crypto candlestick charts are represented in a much more visually identifiable way which resembles a candle with wicks on both sides.
How to Interpret Crypto Candles Charts
Rectangle part of the candle is called the body.
The high & low of candle are described as shadows and drawn as poking lines.
How Do I Read Crypto Candlestick Charts for Beginners Guide
The color of the bitcoin crypto currency candle-stick is either blue or red:
- (Blue or Green Color Crypto Candles) - Bitcoin Prices moved up
- (Red Color Crypto Candles) - Bitcoin Prices went down
Most bitcoin platforms like the MT4 BTCUSD Crypto Platform Software, use colors to mark the direction of the bitcoin price represented using the candlestick. Candlesticks colours used are blue or green colors; when bitcoin price moves up, color of crypto candle is blue: when btcusd crypto price moves down, color of crypto candlestick is red.
How to Read Crypto Candlesticks Charts for Beginners
When Bitcoin candles crypto charts are used it's very easy to see if the bitcoin price headed up or down as opposed to when bar crypto charts are used.
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