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Title: Can someone explain these charts? :) Post by: Dimi3h on November 26, 2013, 09:52:18 AM Hi!
I have started with bitcoin trading with a small amount of money to see how it goes. I bought a small amount on Kraken.com (very good support there BTW!) But these charts like the one below... how to read them? Can someone explain what the blue and brown blocks are? What are high and low prices? And weighted average? And 24-hour volume? Thanks in advance to this awesome community! :) https://i.imgur.com/QqMgsqG.png?1 Title: Re: Can someone explain these charts? :) Post by: bxbb on November 26, 2013, 11:55:15 AM Hi Dimi3h, welcome to the community :)
AFAIK that called Candlestick Chart. It usually used to predict trends and market volatility. The name Heikin-Ashi came from Japanese language which means average (IIRC) The color is used to distinguish price movement, blue = increase while brown = decrease. Be aware that color may differ on other chart, white-black pair or red-black pair is usually used. I'm pretty sure someone will correct me if I'm wrong. :p If not, then please visit this site which contain detailed info and technical explanation. http://www.investopedia.com/articles/technical/04/092204.asp http://www.investopedia.com/active-trading/ Good luck, live long and prosper ;) Title: Re: Can someone explain these charts? :) Post by: Dimi3h on November 26, 2013, 12:10:34 PM Hi Dimi3h, welcome to the community :) AFAIK that called Candlestick Chart. It usually used to predict trends and market volatility. The name Heikin-Ashi came from Japanese language which means average (IIRC) The color is used to distinguish price movement, blue = increase while brown = decrease. Be aware that color may differ on other chart, white-black pair or red-black pair is usually used. I'm pretty sure someone will correct me if I'm wrong. :p If not, then please visit this site which contain detailed info and technical explanation. http://www.investopedia.com/articles/technical/04/092204.asp http://www.investopedia.com/active-trading/ Good luck, live long and prosper ;) Thanks for the reply! I will definitely check out these 2 links :) I still have a lot to learn, but I'm very interested in this |
