How to Read the Bitcoin Tranding Chart

How to read trading charts on VIP - In order to trade successfully you must know how to read Bitcoin charts. This graph will make it easier for you to understand the market trends that are in VIP Bitcoin.

Playing Bitcoin must use techniques, not relying on hunches and guesses. If you only use a hunch it is likely that the analysis will be wrong, and you become upset or lose it. What is meant by trading charts is the graph used for the trading process either selling or buying. This trading chart will be found in the spot market. There you will see the movement of the Bitcoin currency. In order not to misjudge, see how to read the trading charts on the following Bitcoin VIPs:

See Chart Line

Bitcoin line spot market is rising After entering the spot market, you can see the direction of the Bitcoin movement. If the number or line always rises, the sign that the Bitcoin price is experiencing a trend or reaching the highest price. But if the line decreases, it is certain that Bitcoin also decreases. Color Chart

Bitcoin VIP color chart After knowing the graph through the current line you can see it from the color of the graph. In this Bitcoin VIP there are two colors that dominate green and red. If the color of the chart is dominated by green you can buy and sell the Bitcoin, but if it is dominated by red you should buy Bitcoin and sell it again when the graph on the Bitcoin VIP is dominated by green. Bitcoin prices will rise even higher if the chart is a long green sign. If the price of Bitcoin, and the trend is already very high, you should refrain from selling or buying it because the price can drop at any time. Read Volume In the trading chart there is also a volume section. This volume determines whether the Bitcoin price will go up or down. If the volume on the chart is small, the price of Bitcoin will increase. In contrast, if the volume is a lot, the price of Bitcoin will decrease. Read Chart with Advance Chart The easiest way to read trading charts on VIP Bitcoin is to use advance chart. You will easily analyze Bitcoin movements over time thanks to this graph. In this chart you will find a graph with a candle stick model. Then you can read the trading chart through the Advance Chart based on hours. The most effective time to read Bitcoin price movements is 1 hour, because analyzing the movements of Bitcoin in every minute will not be effective. After that you will be presented with a graph with red and green dominance, through the chart you can see an estimate of when the price of Bitcoin is high or experiencing a trend, and when the price is low.

To be able to facilitate your observation, please use the help line in the form of a trend line, precisely at the left corner of the Advance Chart. Pull the line where Bitcoin reaches the highest price up to the lowest estimated price. If you have found it, then set an alarm if the price of Bitcoin has crossed the line created where the price forecast will begin to crawl up. This alarm is a warning to you to be able to sell Bitcoin especially if the price has begun to slowly rise. Installing an alarm is important to you if previously Bitcoin had a significant price reduction. In the alarm you can also set how much Bitcoin you mark or want for sales. Exchange of Bitcoin Prices Not only are the graphics influential in the movement of the Bitcoin price but outside exchange is one of the factors that influence the movement of Bitcoin in Indonesia. This Bitcoin currency is interconnected between countries with one another. In the menu bar that runs on the official Bitcoin site you can see the value of the Bitcoin currency in other countries. For example you see Bithumb on the menu bar accompanied by its value. Bithumb is a cryptocurrency exchange in South Korea and the value shown on the menu bar is its Bitcoin value in US dollars or USD. In addition to Bithumb you will also find Bitstamp, which is a cryptocurrency exchange in London accompanied by its Bitcoin value in USD. To be able to succeed trading don't just stick to the graph. Graphics are important, but you also have to pay attention to other aspects. Besides you know how to read trading charts on VIP, you also have to pay attention to Bitcoin currencies in other countries.

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