How do I understand Bitcoin charts?

[Forever101]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

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[Bako97]

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

OP, chart is a wave of candlesticks movement, they are no many different types of chart, but they are about eleven(11) different chart pattern to aid a trader to determine or predict the future move a particular pair will make. So you need to elaborate more on what really you want to know about the chart.

[MusaMohamed]

I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

Can you trust others to explain you about Bitcoin chart and why do you trust their opinions?

Wall Observer and Glassnode Insights are helpful but you can not use their opinions, explanations to make your decisions and say you get profit or loss because of them.

The simplest chart is yearly candles

[Oshosondy]

This is the chart that contains most information and the chart that I will use to explain. You can see the candle stick that I am using as an example which you see that yellow 🟡 with + line. You will see the red candle stick at the upper part. You see the red candle stick. At the far right side contains the information of the candle stick.

Open is the price of bitcoin when the 15 minutes chart begins which is 31372.92
Close is the closing price. When the 15 minutes ends
After the opening price and before the closing price, bitcoin will rise to certain price and reduce to certain price within the minute set, those are the high and low. You can also see the transaction volume which is pertaining tothe exchange only, not other exchanges.

There are different types of charts. You can read that. Use search engine for it.

Read about indicators too. The common ones are MA, EMA, BB, RSI and many others.

The most important thing to read about are trading strategies and money management.

Read about averaging, martingale strategy (which is not good for beginners), use of leverage (do not use leverage).

Do not trade with emotion. Discipline yourself.

Use the money that you can afford to lose to trade. Use lesser amount to practice.

Most exchanges have trading guide. If you have learned all those online, you should not find it difficult to trade. You can also begin with demo.

You should know that trading is not gambling, but it can be as risky as gambling. It is risky like gambling.

[hugeblack]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

because the available trading pairs are based in one way or another on Bitcoin or USDT and given that the value of Teller is stable, it is most likely that the increase in the price of Bitcoin will affect these currencies, with an increase or decrease.
Therefore, you find that the price of the BTC/ALTCOIN pair changes slowly compared to a pair, for example, the USDT/ALTCOIN pair, which generally tends to be stable in the long term.

It is rarely to find ALTCOIN/ALTCOIN pair and them volumes is not like Bitcoin/Altcoin pair.

it is the trading pairs, liquidity and high trading volumes associated with Bitcoin that make it an impact on altcoins.

Also, when Bitcoin rises, some retail traders tend to invest in altcoins, hoping that BTC / ALTCOIN will rise and thus return to buy more Bitcoin, and thus the prices of ALTCOIN will rise.

[crwth]

Theree are definitely a lot of experienced traders here in the forum and you just need to do the work and possibly pointed to the right direction. Imagine being able to know what to do at a certain market function. You should know that you would be able to potentially profit from that and that's just going to take some time and of course, some luck and you would be able to do it.

There are a lot of books that you can check and also some threads here that you would learn from. Just explore the Trading Discussion, for sure there are threads that would be helpful to you.

Some link that I have in my watchlist that I think are helpful for your concern.
Underrated Trading resources by Maus0728

[BitMaxz]

If you want to learn about the charts you should learn about technical analysis.
There is a good source where to start to learn TA check this link below

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading#technical-analysis-ta

It should explain all about the chart like candle sticks, indicators, patterns, etc... Once you learn them you will understand the Bitcoin Chart.

[Hamza2424]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

The answer is quite simple just learn about reading the market, Read others' analyses and predictions. Follow some crypto celebrities, for the chain analysis and big market data analysis use some platforms like Glassnode, Investopedia, and Coinglass. Now each mentioned platform has some unique features from the glass node you can analyze the on-chain activity and from the coin glass, you can check out the trading pair liquidation in different time spans.

It's quite easy these days to learn something new you can go for blogs and tutorial videos as well.

[AbuBhakar]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

There’s only one type of chart with different pair. You can only modify it and use trading tools to analyze data given on charts.

I think you are asking for a technical analysis for the price chart and not defferent type of chart since chart will only show you data while indicators will help you analyze it properly to have a better trading strategy for buying and selling.

You can use Investopedia guide on using indicators to help you familiarize on each one and learn how to use it.

https://www.investopedia.com/technical-analysis-basic-education-4689655

For a better understanding on how to come up on strategy, You will need to find a good mentor that offers free service or enroll trading courses on Udemy.

[Heisenberg_Hunter]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

If you are a short term trader, understanding charts and making investment decisions on bitcoin will yield you better results than trading recklessly based on luck. If you are an investor just like me, then obviously bitcoin would rise no matter what based on the adoption criteria in the next cycle. With regards to the charts, there are multiple ones to be read for making better trading decisions. A few popular ones which I follow personally are :

1. The Stock-to-Flow Model :

Stock-to-Flow popularly known as S2F was created by twitter user PlanB back in 2019 and they have gained significant traction ever since the creation. S2F charts seemed to have worked for majority of the time and Bitcoin price movements tend to resonate them occasionally. Bitcoin is a scarce digital asset similar to Gold and the total supply is limited which can be mined completely in another 10 decades. Throughout this timeframe, the amount of new bitcoins mined will vary as like the stock which will be held by governments and individuals corporations alike. S2F ratio of Gold as of 2019 at the time of writing was 62 i.e it takes 62 years for the gold to reach the current stock. Similarly, Bitcoin had a SF ratio of 22 during the 2017 bull run. Higher the SF, higher the price hikes. You can read more about S2F in PlanB's original Medium post.

2. Historical Volatility Chart :

Long gone are the days when Bitcoin was considered to be a Medium of Exchange similar to a currency. Bitcoin has been considered to be a digital replacement of Gold and for the assumption to remain consistent, it should grow in price steadily. Too much pump and dump on a short term basis would ruin the asset class. As days passes by and more and more adoption kicks in, volatility of Bitcoin would go down drastically similar to Gold and would stabilize at sometime in the future. Coinglass Historical Volatility Chart is helpful to understand about the volatility and price actions of Bitcoin historically.

3. Candlestick Chart :

Candlestick Chart as the name suggests has been used since the age old periods for various assets throughout the history. Investing.com provides a good chart for analyzing the prices and making trading decisions of Bitcoin.

4. Rainbow Chart :

This chart was initially created to show the Bitcoin prices but over the span of years, they turned out to be relatively accurate. Later, @
Trolololo created Logarithmic Regression model which was further helpful to predict the future movements in prices. The Rainbow chart can be better viewed at blockchaincenter.net

5. Miner Capitulation Chart :

I think the explanation from bitbo.io might be suffice and provide a much better view on this chart.

In Bitcoin, profitability for miners is a function of the Bitcoin price and the cost for the miner to buy electricity to mine. When the price drops, less efficient miners are forced off the network because the bitcoins they earn are not worth the cost to mine. Many miners keep some or all of the bitcoins they mine in order to sell them in a bull market and get maximum value for them. The thinking in a “miner capitulation” scenario is that as the price drops and some miners are forced off the network, they will sell these reserve bitcoins, causing the price to drop further. In a worst case scenario, this could cause a “death spiral” in the price of bitcoin as you have continuous selling pressure on the price of bitcoin and a cascading effect wherein the lower price takes out more and more efficient mining operations until there are none left.

This chart provides a much better idea on how prices react after the halving during each and every cycle since the charts are placed side by side.

[electronicash]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

There’s only one type of chart with different pair. You can only modify it and use trading tools to analyze data given on charts.

I think you are asking for a technical analysis for the price chart and not defferent type of chart since chart will only show you data while indicators will help you analyze it properly to have a better trading strategy for buying and selling.

You can use Investopedia guide on using indicators to help you familiarize on each one and learn how to use it.

https://www.investopedia.com/technical-analysis-basic-education-4689655

For a better understanding on how to come up on strategy, You will need to find a good mentor that offers free service or enroll trading courses on Udemy.

watching some udemy tutorials will be beneficial for a newbie to dive deep into reading charts. i was once a fan of the tutors in stock market trading, it really help me understand how charts are supposed to be read.

learning what the indicators are telling is important and its good to learn redundant indicators. there are paid indicators and the developers are also explaining how they work.

[RewFrew]

For understanding Bitcoin or any currency at first we have learn about technical analysis. When anyone learn technical analysis properly then he understand bitcoin charts. And who understand technical analysis he will understand bitoin chart. Most investosr and traders follow so it is most important. For following chart you need to use platform like mt4.

[ZAINmalik75]

OP, chart is a wave of candlesticks movement, they are no many different types of chart, but they are about eleven(11) different chart pattern to aid a trader to determine or predict the future move a particular pair will make. So you need to elaborate more on what really you want to know about the chart.

I do not know on what basis you are so sure that there are only eleven chart pattern that could help a trader to make profitable trade. Because according to my experience which was not that bad and from what I have learned I can say you do need to know about more charts. But it did not mean you have to depend on all because if you are observing a chart for BTC halving from first halving to till now then you will observe similar pattern before every halving and after every halving. Examining such charts and examining charts which have lesser time frame.

Maybe of 1 day, 1 week, 1 second or 1 hours. Such charts will reflect different candlesticks. So selection of charts depends on the time farm you are selecting and timeframe depend on the type of trading you are doing. For example, if you are a day or swing trader then you will not totally dependent on the halving chart but keeping an eye on that and having some knowledge is also necessary but in most cases you short timeframe chart patterns will do the work.

[Huppercase]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

The two basic chart view that you can understand is the line chart and the candle chart but for the sake of other trading lessons, I will advice you to use the candle chart. With candle chart, you can switch between trading timeframes and still understand what is happening and the price action, to draw your support line and the resistant line can be visible in different prefered time intervals and the candles can easily tell you what is happening in the candle, like when people are selling and the sign that the market will go upward or downward and it is even easier to use with the indicators between the chart and as well as beneath the chat.

If you can further learn about trading candles, trading chart or rather Bitcoin chart will be easy for you to understand like the hammer, the doji, shooting star and so on, there are many of them to learn, go through google and you will get link to website to learn this thing. I will have love to give you some thread in the forum but the images are currupted because of the Imgur error.

[teosanru]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

Do you understand that this is the basic problem when it comes to bitcoin or let's say any security. If someone knew the correct person who can surely maximize your return them everyone would be going to that very person only. If you want to learn trading yourself you should try getting knowledge of technical analysis and after that just try starting with paper trading and eventually actual trading this will build your sub conscious memories while taking trade as well.

[MusaMohamed]

The two basic chart view that you can understand is the line chart and the candle chart but for the sake of other trading lessons, I will advice you to use the candle chart.

With candle chart, you have different candle types to use. My favorite candle is Heikin Ashi that helps me to see a trend on the chart better.

Heikin Ashi - Technique definition and formula. When you turn a normal candle, default given by Trading view to Heikin Ashi candle, you will see streaks of green and red candles. Those streaks can help you to exit the market or enter the market and you can use Heikin Ashi candles as one of indicators to find market sentiment.

[Kimonoe]

as simple as I know on the bitcoin chart there will be support and resistance, we think of it as a fortress. if the support is broken, then there is greater selling power, then there is a possibility that there will be a decline again, and if the resistance is broken, then the price is likely to move up, and the trend will be up, so we can look for prices to buy. but for that you need to learn with the experience of reading charts continuously, because sometimes it doesn't match our analysis, and we have to have a strategy for that

[AicecreaME]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

I'm afraid it's rare to find an experienced trader who are making a lot of profits in most of his trades to share his knowledge on how to do such thing, because they've sacrificed a lot of money, time, and emotional health just to reached that level, and that ain't for free unless he is generous enough to share it with us.

But, candle stick patterns are easy to understand, however, it's quite confusing when you're in a actual trading platform, since your money is at risk, and mixed emotions will comes in. There's a lot of tutorial videos in YouTube but trust me, it's different when you're the one doing it. You're gonna need a lot of money and time to figure out what kind of approach fits you to make profits in trading.

[Mauser]

Good day, esteem members of this prestigious forum, please do not find this question unnecessary, I need experienced investors who knows that understanding charts is part of investment strategy and means to maximize profit,  enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

I know there are different types of charts, you can Explain the chart you know in it's simplest form.

All charts use the same type of data, it's prices at which a particular coin traded in the past. The most common chart plots all the daily prices for a given time period and connects them with a line. You can look at a chart as a visualization of the history of a coin. Different chart types use more specific data to include in the charts. For example you can include the highest and lowest price of a day to show the volatility in the charts. Technical analysis then uses these prices to find trends and trading signals to make money. A good way to find trends in the charts is to add lines with average prices on top of the main chart. Then you can see if the price drops or rises faster than the average.

[Unbunplease]

All charts use the same type of data, it's prices at which a particular coin traded in the past. The most common chart plots all the daily prices for a given time period and connects them with a line. You can look at a chart as a visualization of the history of a coin. Different chart types use more specific data to include in the charts. For example you can include the highest and lowest price of a day to show the volatility in the charts. Technical analysis then uses these prices to find trends and trading signals to make money. A good way to find trends in the charts is to add lines with average prices on top of the main chart. Then you can see if the price drops or rises faster than the average.

The main question is, what is the likelihood of repeating price movements made in the past? Bitcoin can repeat a general trend, but if we look at specific periods, the bitcoin price can behave quite differently. Keep in mind that manipulators know that many people study charts, so they can always use an unexpected scenario