Basic knowledge of digital currency K-line chart and K-line chart illustration. How do novices read digital currency K-line chart?

How do novices read digital currency K-line charts? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you Basic knowledge of digital currency K-line charts and K-line chart illustrations. Interested netizens should follow the editor to take a look!

Basic knowledge of digital currency K-line chart and K-line chart illustration

1. First, you can choose a professional digital currency trading platform, register and log in to the account.

2. On the platform, you can find K-line charts of different digital currencies, such as Bitcoin, Ethereum, etc.

3. The K-line chart can show the price fluctuations of digital currencies within a specific period of time, which is helpful for analyzing the trend of digital currencies.

4. When you enter the K-line chart page, you will see that the X-axis represents time and the Y-axis represents price.

5. By selecting different time periods, such as 1 minute, 5 minutes, 1 hour, etc., you can view price fluctuations in different time ranges.

6. On the K-line chart, each K-line contains the opening price, highest price, lowest price and closing price information within a period of time. Through the K-lines and shadow lines of different colors, you can intuitively understand the price increase. falling situation.

7. In addition, there may be some technical indicator charts below the K-line chart, such as trading volume, moving averages, etc., which can help you analyze the trend of digital currencies more comprehensively.

8. When viewing the K-line chart, it is recommended to combine fundamental analysis and market conditions to rationally judge the investment value of digital currencies and make prudent decisions.

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