How to read crypto numbers

As a result, prices noticeable in crypto market charts begin to fall in tandem with volume.New Information Is Discounted

As soon as new information becomes available, it is reflected on the stock market. It represents the aggregate of all market players’ aspirations, concerns, and expectations. Once the news is out, the asset’s price may alter to reflect the information in the crypto price chart. Interest rate movements, earnings predictions, and other factors are all factored into the market price.

The Averages of the Stock Market Must Agree

Let’s see how this works with a simple example. There are two companies: A and B.

How to read crypto numbers

Once you’ve entered the Account menu, here you can find all of the details regarding your accounts.

  • Total balance

    • Here you can see your total balance in Crypto Wallet, Crypto Earn, Crypto Credit, and Fiat Wallet. Also, if you wish you can make your balance invisible, by clicking the “eye” icon, situated next to your balance.
      After you click on the Crypto Wallet, a drop-down menu will appear displaying all of the cryptocurrency holdings that you currently have in your Crypto.com App. Each cryptocurrency will display the amount you have in the said token, the equivalent amount in your Fiat currency (e.g.
      U.S.

How to read bitcoin numbers

Finding definitive proof for the reversal of a trend is not easy.

What is Technical Analysis?

Technical analysis is a tool or method used to predict a cryptocurrency pair’s probable future price movement. The better the technical analysis, the better the reading of the market.

To do technical analysis, you need to examine crypto charts.

The following sections describe the elements of the crypto charts that you should take into account.

Different Time Frames for Crypto Charts

When you look at a crypto price chart, different time frames can give you different information. You can get many different time frames for crypto charts. Some traders look to 15-minute charts, the hourly chart, a 4-hour chart, or the 1-day chart.

If you want to open and close your position in a single day, you would look at the short timeframe charts.

How do you read crypto numbers

If you want to dive into the world of cryptocurrency trading, you’ll need to learn how to read crypto charts. For newcomers, the technical analysis (TA) that comes with these charts might be somewhat confusing.

Learning technical analysis and all the language that comes with it is a scary thought.

To make the concepts easier to understand, this comprehensive guide is filled with definitions. We have used layman’s language for more challenging concepts.

Finally, don’t forget to check out our interesting facts and FAQs as a bonus.

How to Read Crypto Charts

You need to know how to read these types of charts if you want to start trading cryptocurrencies and turning your Bitcoin into cash; you can also do this through some of the popular bitcoin trading sites.

You are basically setting a target for the Limit order to start at and it will execute at that target or possibly even better than your target. This is good for more long term sells/buys.

These are the most important features you need to know to read trading charts.

There are lots of other cool things like “Indicators” that you can turn on and help you with making better calls. There are a LOT of indicators and what they mean and how they work is beyond the scope of this article (see my video with CryptoWendyO on some of them here).

You can see in this chart below that I have some Indicators turned on, if your chart looks funky you might want to turn them off by looking just to the right of the Time Signature and clicking on the “X” next to their names. Below I have “MCAD” & “Bollinger Bands” Indicators turned on.

You can easily turn these off.

Trade Ideas from a Professional Trader

Join 30,000+ traders who stay ahead of the markets with daily commentary and forex charting by trusted analyst Joel Kruger – free 30 day trial.START YOUR FREE TRIAL

What is Forex?

Forex is short for ‘foreign exchange’ – the game of buying and selling various currencies in the foreign exchange market.

In the global foreign exchange market, retailers, investors, speculators and institutions determine the relative value for the conversion of one currency to another via the buying a selling of currency pairs.

It’s a dynamic, liquid marketplace with daily turnover predicted to be in excess of 5.3 trillion dollars.

How to Read a Currency Quote?

Forex is the business of conversion, and since you are always comparing the value of one currency to another, forex is always quoted in pairs.

Buy and Sell are the available options, which include all available tokens for a given region.

Buy a token

Selecting “Buy” will bring up the tokens that are available for purchase. Once a token has been selected, it will bring up a new tab that will allow the selection of purchase method and amount.

After the selection of method and amount is done, a confirmation screen comes up, following that the transaction needs to be authenticated. Upon successful authentication, the purchase confirmation screen comes up.

Sell a token

Selecting “Sell” will bring up the tokens available for sale (or the ones you have available in your crypto wallet). However, if you have an insufficient balance, you’ll be asked to select a different amount and try again.

As the name and definition suggest, the intraday traders use charts of a short timeframe, such as hourly charts.

  • Long-Term Holders – Long-term holders might keep their spot for weeks, months, or even years. Hourly, 4-hour, daily, or weekly charts are more valuable to these investors.

    A 15-minute chart may be a crucial indicator for intraday traders, but it may not be so for long-term investors.

  • Did You Know? Analyzing a cryptocurrency graph based on time frames depends on the kind of trader you are. Many other styles of trading are prevalent along with intraday and long term.

    Time also plays a major role even if you are using some of these great crypto gambling websites.

    How to Calculate Market Cap

    Market capitalization is a reliable predictor of stability and can be analyzed using a cap and trade graph.

    The first time you look at crypto price charts, they may look like hieroglyphics to you. But the good news is price charts are actually easier to read than you may think.

    In this guide, you will learn how to read charts, and how to use some basic technical analysis tools that you can use to help you make trading decisions.

    Line and Candlestick Charts

    You probably remember line charts from high school. They work the same way on a digital currency chart as they do while graphing other things that change over time.

    On the horizontal (X) axis is time, and the price is measured on the vertical (Y) axis.

    Looking at the chart below you can see that we have our candlestick chart in the middle of the screen, if you move your cursor around that chart it will give you data for that position in time. At the very top it tells you Last Price, 24hr Change, 24hr low & high, and the 24hr volume (amount of trades).

    At the bottom left we have a big space for our open orders, so when you place an order you will see it here until it gets filled. These are the MORE obvious things.

    Let’s go over the numbered items in the chart below for more detail on the LESS obvious things.

    Click for larger image

    1. The first thing I want to point out is the “Trading Pair” tab.

      This chart we are looking at above is a BTC/USDT chart, which means that we are trading Bitcoin against a stablecoin called Tether (USDT, which is pegged 1:1 to the US Dollar).

    Leave a Reply

    Your email address will not be published.