{"id":4249,"date":"2020-04-08T07:42:04","date_gmt":"2020-04-08T07:42:04","guid":{"rendered":"https:\/\/trade-malaysia-option.com\/cara-baca-carta-crypto-panduan-permulaan\/"},"modified":"2023-02-11T18:03:15","modified_gmt":"2023-02-11T18:03:15","slug":"cara-baca-carta-crypto-panduan-permulaan","status":"publish","type":"post","link":"https:\/\/trade-malaysia-option.com\/en\/cara-baca-carta-crypto-panduan-permulaan\/","title":{"rendered":"How to Read Crypto Charts \u2013 A Beginner’s Guide"},"content":{"rendered":"

Developing the right skills on how to read crypto charts is an art.\u00a0This new skill will help you not only track the price of your favorite coins, but crypto candlestick charts will actually tell you about market trends as well.<\/span><\/p>\n

Our team at Trading Strategy Traders are strong advocates of using charts and technical analysis.\u00a0Crypto candlestick charts give you a more objective view of cryptocurrency prices versus something a little more subjective like using your intuition.<\/span><\/p>\n

Market timing is a common problem that many new traders have.\u00a0If you want to enter and exit accurately, you need to use cryptocurrency charts.\u00a0You can have a great trading idea and believe Bitcoin will go up, but if you pick the wrong spot, you’ll start losing money left and right.<\/span><\/p>\n

If you leave too early or you leave too late, you might as well leave money on the table.\u00a0Using crypto charts in combination with technical analysis, you can balance them.<\/span><\/p>\n

In this cryptocurrency guide, we will cover just some of the basics on how to read crypto charts and the cryptocurrency analysis tools you need to succeed in this business.<\/span><\/p>\n

We’ll also outline our favorite cryptocurrency analysis tools and resources for Bitcoin and altcoin trading.<\/span><\/p>\n

Crypto Candlestick Chart<\/span><\/h2>\n

There are several other different ways to view charts, but our favorite crypto price chart is the candlesticks chart.<\/span><\/p>\n

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Moving forward, we will show you how to navigate the crypto price chart.<\/span><\/p>\n

Now, these are the key elements of a crypto candlestick chart:<\/span><\/p>\n

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Step #1 Timing Selection<\/span><\/strong><\/p>\n

Crypto charts allow you to choose the time frame you want the candle to close.\u00a0This indicates that the crypto candlestick will show all the transactions that took place in the selected time period.<\/span><\/p>\n

For example, if your favorite cryptocurrency time frame is a 5-minute chart, then each candle will represent 5 minutes.<\/span><\/p>\n

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Obviously, the time frame can be adjusted to make it more customizable, or you can just choose from the default time frames (5 minutes, 15 minutes, 1 hour, 4 hours, daily, weekly, monthly).<\/span><\/p>\n

Step #2 Volume<\/span><\/strong><\/p>\n

The second thing, the standard cryptocurrency chart will display is the amount.\u00a0The volume will show you how much trading activity occurred during the selected time frame.\u00a0Learn more about volume trading strategies here.<\/span><\/p>\n

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The longer the volume bar, the more buy or sell pressure.\u00a0A green volume bar will highlight increased interest in the coin and buying pressure.\u00a0Conversely, a red volume bar will highlight a decline in interest in the coin and selling pressure.<\/span><\/p>\n

Step # 3 Bearish and Bullish Candlesticks<\/span><\/strong><\/p>\n

Third, we need to distinguish that there are two types of candlesticks:<\/span><\/p>\n