Notes

How to Use a Bitcoin Chart
A long time ago, I remember my grandmother telling me about the "bitcoin chart." She explained that it was a type of bar charts, like those you would see on Wall Street. However, they had special indicators built into them. I have since discovered that they are called "Wise Bar" charts, and that they are much better for trading than the regular bar charts. Here is what I know about the two charts.

The "Wise Bar Chart" makes use of a vertical line show the price over a period of time. When the price crosses the line at any point, that indicates a strong buying or selling opportunity. The horizontal line on the other hand gives a "rend line," which helps traders determine where the price may head in the future. Both these lines help traders decide when to buy and sell.


The "lines" represent price movement in the market. While this does work, many people don't like the way it looks. What I recommend is to make use of the "chart readability percentages" to get a better idea of how each indicator on the bar charts work. This shows you the ranges of prices for every indicator. hotgraph Most people don't use the "chart readability percentages," but I like to use them because the "lines" and "dots" look sloppy and it is hard to get a good read on them.

I think the best way to trade using the horizontal line chart is to use the "harp." This basically uses a horizontal bar for pricing data, and a horizontal line for trend data. You can also use the top and bottom bars to indicate trading sessions. A trading session is when the trading prices are close to each other at the closing price. To make this easier, it is advisable to draw a line from the closing price to the highest priced price for that trading session.

Horizontal bar charts, or more specifically, candlestick charts are used primarily for technical analysis and to provide trading indicators. The candlestick can be used to show resistance and support levels. Support and resistance levels are important indicators for interpreting trends in the Cryptocurrency market. When used correctly they provide very useful information for Cryptocurrency traders. When used incorrectly, they can really misdirect you.

The final type of charts are the line charts. These types of charts are widely used by Forex brokerage firms to show long term Forex trading trends. They are not meant for daily trading. These charts were designed specifically for traders who had a specific time frame in which to enter and exit trades. If you are a trader looking to enter and exit trades daily, then the line chart is probably not the best tool for your trading style.

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