Bitcoin graphs are not difficult if you want to read them ✨

Bitcoin graphs are not difficult if you want to read them ✨

📍First, you have to get to know Bitcoin graphs first.

The Bitcoin graph is a representation of the trading behavior in the asset market. Here is Bitcoin. There are many types of Bitcoin charts, including bar charts, lines, candlesticks, etc. Candlestick charts are the most popular. Therefore, it is recommended to read candlestick charts.

Candlestick charts are charts that are bars with a line in the middle. It is a graph that can tell the most details of the price. Therefore, the overall picture can be seen as clearly as possible. As for the components, they are as follows:

- The highest price is the highest price at that time.

- The lowest price is the lowest price at that time.

- The opening price is the price that was traded for the first round during that period.

- Closing price is the last traded price of that period.

- The green graph means the closing price is higher than the opening price.

- Red colored chart means the closing price is lower than the opening price.

📍So what do these graphs indicate?

The movement of the graph indicates buy and sell demand. In which case the demand for buying and selling is equal, the graph will look like a bar in the middle. When these graphs are put together, they show the movement of the graph. This will lead to an analysis of whether the market is in an uptrend or a downtrend during that time.

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