What is a Crypto Price Chart?
A bitcoin price chart is a representation of a series of bitcoin trading 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 bitcoin price so as to determine if the bitcoin trend is down or up.
Crypto Price Charts
A Bitcoin Trading bitcoin price chart provides a representation of exchange rates (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto.
The movement of bitcoin trading 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 Crypto Price Chart? - What is Crypto Price Chart? - What are Crypto Charts
Technical analysis of crypto charts is then applied to these charts by using bitcoin trading tools provided by the bitcoin trading software. For example MT4 platform provided indicators & line studies which can be used to analyze these bitcoin charts.
Bitcoin Trading charts can also be drawn using different chart timeframes.
The various chart time-frames are used by various types of traders.
For example:
- Bitcoin Trading scalper use the 1 minute crypto chart time frame and the 5 minute crypto chart timeframes
- Bitcoin Trading day traders use the 15 minute crypto chart time frame and the 1 hour crypto chart timeframes
- Bitcoin Trading swing traders use the 4 hour crypto chart time frame and the daily crypto chart time frames
Periodicity Toolbar Menu on BTCUSD Crypto Currency Trading Platform Software
Periodicity just means chart time-frames, in MT4 bitcoin platform this charts time frames toolbar is used to select which time-frames to trade with.
Crypto Price Chart TimeFrames - What are Crypto Price Charts?
The btcusd crypto price charts - chart time-frames listed on the MetaTrader 4 platform are:
- 1 Minute - M1
- 5 Minute - M5
- 15 Minutes - M15
- 30 Minutes - M30
- 1 Hour - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of Crypto Price Charts
The three common types of bitcoin crypto currency price charts used in bitcoin crypto currency trading are:
- Candle Bitcoin Price Charts
- Line Bitcoin Price Charts
- Bar Bitcoin Price Charts
The 3 types of bitcoin crypto currency price charts are covered in the topic BTCUSD Crypto Chart Types.
More Tutorials & Topics:
- How to Login to MetaTrader 5 Bitcoin Real Account Described
- How to Trade BTC USD Successfully for Beginners
- How Do I Add MT5 Bitcoin Trade Parabolic SAR Indicator on MetaTrader 5 BTCUSD Chart in MetaTrader 5 Platform?
- How to Open Nano How to Find a Nano BTC USD Trade Account
- Best Hours to Trade BTC USD
- BTC USD Continuation Chart Patterns BTC USD Chart Patterns
