Topic: How do I understand Bitcoin charts? - page 2. (Read 267 times)

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.

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

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.

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.

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

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.

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.