How do I understand Bitcoin charts?

[Hamza2424]

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

Well, that's a good point that manipulators already know about the trader's sentiments, hmm about Bitcoin's general trend I think the cycle always remains the same but it's a longer period of time in the small instances of the time market always behaves accordingly to the market developments as news and updates. For the unexpected scenarios most of the time they play their cards in the sideways moving market where traders expect a strong support and resistance level they just do exactly according to that by just making a big candle above the resistance and dump or making a big candle down t the support and then a pump. Pretty simple 

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[jeraldskie11]

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.

Candlesticks is a type of chart. It was the most common to utilize by traders because it's easy to understand and you get a lot of information you from it. There are many types of chart and I think it's not 11. As what I have seen in tradingview, there are 16 types of chart.

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

This is due to the fact that the price is fractal. Traders are always performing backtests to establish why the price moves in this manner and then applying it to their trades. Smart money is always hunting for where small traders normally put their stop losses, which is why no strategy works 100% of the time.

[carlfebz2]

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.

For candlestick chart patterns.This might be helpful
https://www.youtube.com/watch?v=AOz1YPOKvEs

If you are really going for some course to follow then this one might do.
https://www.youtube.com/watch?v=eynxyoKgpng

If you want to go with the basics then you could go to babypips and finish the course there and ill assure you that you would definitely be
having that knowledge about chart reading since you've been aware about those indicators and patterns which could possibly form.

Bare in mind always that even on how well you do make out technicals but doesnt mean that you would really be precisely be able to predict
on what would happen ahead.

[Woodie]

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,

I have breaking news for you mate, reading charts doesn't take an investor to know how to read them...it's all about the person that invests time to learn how to read them regardless of your financial standing.

enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

Trading currencies or any other asset isn't any different  from trading bitcoin, but it would be wise to know what fundamentals affects BTC that can cause volatility for it.

To know how to read charts, you can make use of YouTube which has a vast library of this information,  good luck.

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

Again,  I will reference you to YouTube were you can rewind or fast forward content you find to have this information you looking for,  and btw you could start with babypips to have the basics ,GL.

[go-shiba]

How Can Charts Help You?

Charts can help traders make better decisions by allowing them to identify and analyze trends in the market. By looking at a chart, traders can identify patterns that can help them predict future price movements. This can give them an edge over other traders who may not be as aware of the data.

Charts can also be used to identify correlations between different assets. This can be helpful when trying to determine if two assets are related. For example, if the price of Bitcoin is rising, it may be beneficial to buy Ethereum as well, since they are often correlated.

[kamvreto]

enlighten us on bitcoin charts. If there is any thread explaining chart, please kindly drop their link.

Trading currencies or any other asset isn't any different  from trading bitcoin, but it would be wise to know what fundamentals affects BTC that can cause volatility for it.

To know how to read charts, you can make use of YouTube which has a vast library of this information,  good luck.

Fundamentals have an important role to see how the market trend will go. It will always be in sync with technical analysis. Fundamentals will greatly affect the crypto market, we'll see how the market is very volatile and sensitive to various FOMO or FUD news. You only need to be active on social media and see the latest news about crypto to understand what news is trending.
and to find out how to read charts on YouTube, there are lots of basic tutorials available for beginners and some tips on using indicators for technical analysis. But it's not easy to do, it takes some practice to see how the learner develops.

[Husires]

Bitcoin charts are a simplification of changes in the price, whether this change is during a short or long time and taking into account supply, demand and psychological, the price of bitcoin follows the same pattern during a certain period of time, for example, within 4 months, you will find that the price of bitcoin is between 31k and 26k, this data They are presented in the form of charts to be easier to track and to build patterns on them in a more easy and faster way to understand. If you know the basics of technical analysis, you will easily be able to read charts.