Three Types of Charts Used in the bitcoin Price Forecast

If you are a newcomer to the world of online betting, you might not understand the significance of knowing about the Bitcoin price chart. With the use of charting software, you can get access to this information easily. Charting software will enable you to analyze data and make valuable analysis of trends that could be on the horizon for the future. It is important to look at how the market may react to key factors that could influence the prices before you place bets on any particular venture.

One of the first things you should learn when looking at the Bitcoin price chart is that there are two types of charts used to represent the movements of the currency pair, the horizontal axis charts and the vertical axis charts. Simple line charts will default to a normal straight line giving equal importance to price movement over the whole chart. The second type of chart uses a mathematical equation to represent the movement of the underlying asset. Although the slope of the y-axis may go up and down, the equation will still be valid as long as there are no sudden changes in supply or demand.


Other features commonly seen on these charts are volume and the open interest indicator. Volume represents the number of times the price of a particular trade was traded over the length of the time frame. In a volatile market, low volume may indicate that the trades were unsuccessful in the short run. Open interest is the indicator used to indicate if traders have placed bets on a new service or product being offered by a company.

The vertical axis has different interpretations depending on which chart you are looking at. Most people tend to use the x-axis to show price movement over a longer period of time. However, there are some who use the horizontal axis to show price movement over shorter periods. There are also other traders who interpret the horizontal axis differently. Understanding how each of the axes work can greatly help traders when they are trading currencies using line pricing charts.

The time period chart is used to display the behavior of the price over a designated time period. HotGraph The price chart shows how a particular currency was priced over a designated time period. Usually, the chart uses the upward or downward sloping trend line to show the direction and the duration of the upward or downward trend. The time period could span from one day to a few months or it could be just a few days or a few weeks. The chart will indicate an upward or downward trend in the open and the closing price.

Different types of candlestick charts are used to depict different characteristics of the pricing behavior of the decentralized currency. For instance, the moving average candlestick shows the movement of the average price over a given period of time. This type of candlestick chart is based on the principle of arithmetic mean. Other types of candlestick charts are the stop-loss candle and the reversal candle.