C. How to Read Bitcoin Charts

If you want to follow the daily ups and downs of Bitcoin, you have to learn how to read all the various Bitcoin charts. Several types of charts are available, which you can find at websites such as Bitcoin Charts (bitcoincharts.com), Blockchain (blockchain.info), CoinDesk (coindesk.com), and Coinstackr (coinstackr.com).

Line Pricing Charts

The first and most common type of Bitcoin chart tracks the Bitcoin exchange rate on an ongoing basis. The easiest way to do this is via a simple line chart, in which pricing for a given period (month, week, day, or hour) is plotted on the chart’s Y (vertical) axis, against the time period itself on the X (horizontal) axis. These individual price points are then connected via a ...

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