Bitcoin Price Chart: The Basics to Know

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Talking about the chart, we visualize a graphical representation of figures, often geographic data used to compare, recognize the difference and know the specific ratio of each to the whole. And Bitcoin price chart Likewise, it shows us the date and specific data from birth to the present, and from there gives us an additional piece of knowledge to add to the predicate data warehouse. Bitcoin price and altcoin.

Stock history proves that it is essential knowledge when we need to identify things that will repeat or predict what is about to happen in the future. However with Bitcoin Price Chart on the other hand, because the data and time are too short, so we should only consider it as reference knowledge. In this article I will show you simple diagrams, not technical analysis. . At the time I wrote this article, PTKT used to look at the Chart - Chart is just an indication but this game is very unpredictable, there is no control and the law can only God know whether the price will go up or down.

There are a lot of places where you can see graphs, but that's my example Blogtienao Always easy to imagine, to see the bitcoin chart, you enter the item exchange rate, and click on the icon Bitcoin. Or you can click directly here to view Current bitcoin price. Then drag down to the top bitcoin exchanges is to see a bitcoin chart.

Bitcoin price chart
Bitcoin price chart

What is the current price of bitcoin?

Best place to find out Bitcoin price The latest (currency symbol: BTC or XBT) is on exchanges like Binance, Huobi, Liquid, Bitmart,… Or can be viewed on word chart Blogtienao, do you see the word USD rate is 3,884.4, that is Bitcoin price at the time I'm writing.

Knowing the current price of bitcoin is one thing, but you will soon know where the price will go in the future BASED ON METHOD OF PRIORTS OF TREND TRENDS and thereby knowing how Bitcoin investment and altcoin at the right time.

Method to predict bitcoin price trends

Predicting the price movement of anything traded at an exchange is a game with a probability of risk - no one is right at all. Many traders have swung and lost a lot of money, if not their lifelong savings, on such endeavors.

The two main methods for predicting price development are called fundamental analysis and technical analysis. While fundamental analysis examines the underlying forces of the economy, company or security, technical analysis tries to forecast price direction based on past market data (as noted above on stock market). stock), mainly prices and historical volumes found on price charts.

Where to find the bitcoin price chart

To do a technical analysis of Bitcoin's volume and price history, you'll need a bitcoin price chart that displays data in a more readable way than just simple numeric tables. Good place to start is the chart on Bitcoin's Price Index Coindesk, see more on this TradingView

To begin with: a simple price chart

The most basic price chart type displays prices as one line:

Bitcoin price chart
Bitcoin price chart

Closing prices of any given period (a month, a week, a day, an hour, etc.) are used to draw price lines. This type of chart can be used to get a quick overview of prices that have been doing recently, but traders need more data to draw their conclusions. As shown in the figure, it is easy to see the time, the price at that time, the trading volume by dragging the mouse to the place you need to see on the chart. For further viewing, you can choose the 6M mark (6 months), or 1Y (one year)

Trader's Choice: candlestick chart

The most popular chart type among traders is the candlestick chart, as seen below: the red and green candles have created so many emotions for investors around the world.

Candlestick charts show more data than just the closing price: each 'candle, showing the opening price, the lowest and highest price in the given period as well as the closing price.

Also, the color of the body of the candlestick indicates whether the close was either higher than the opening price (usually a green bar, called the 'bullish bar') or lower than the opening price (usually with a red body, called 'down bar').

Photo candles from wikipedia

Candlestick charts belong to the OHLC price chart family (open high, low close - open high, close low), but there are many other types and types of charts to suit the advanced needs of traders that perhaps we would recommend. introduced in the following articles.

Another type worth mentioning is a non-time based time chart (NTB). Beginners may find them less intuitive and less elusive.

However, the candlestick chart contains a lot of information that is useful to the eyes of a skilled trader, such as whether the candle is spread or narrow (illustrating the difference between high and low prices), in which prices closed compared to high and low, etc.

Along with the patterns that candle groups form, this is what traders are based on their trends: up, down or sideways.

Some popular platforms with many of these features are Bitcoinity, Bitcoin Wisdom, Zeroblock and TradeBlock.

Conclude

We have pointed out the basic elements and ways for you to see and understand a little about the chart, from there to your own judgment, we note that this is an estimation and calculation method. own individual, not entirely correct, so it is impossible to predict the exact future price. We will update on other analyzes to help you have more insight in the following articles.

To motivate our team, hopefully after reading, please rate 5 stars or share this article to those who really need to give us the motivation to write more knowledge articles. Thank you sir!

The article source belongs to Blogtienao.com

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