The chart itself is composed of ‘candlesticks’ or ‘candles’ which are usually green and red in colour, and are used to represent an asset’s ‘price action’. So now that you understand how to identify and search for particular crypto assets in each market, the next step is grasping the basic fundamentals of a trading chart and what all the data means.Ībove is an image of what a typical crypto trading chart looks like.įirst off you can tell by the tickers in the top left-hand corner that this is a chart of Bitcoin trading against the US dollar.Īlong the bottom of the chart you have the date, on the sides you have the price (which in this case is in dollars) and also a real-time price line which tells you what price BTC is trading at. When analysing or trading against a fiat currency pairing, you use each ticker shown above, in exactly the same way as you would against a cryptocurrency. There are some exchanges however, which allow fiat currency trading pairs but these are exclusively limited to major circulating currencies: US dollar (USD), Japanese Yen (JPY), Great British Pound (GBP), Korean Won (KRW) and the Chinese Yuan (CNY). When trading on a crypto exchange in particular, a vast majority of platforms tend to exclusively support crypto-crypto trading pairs only. The same goes for if you are interested in analyzing Stellar Lumen’s price against Ethereum on a trading chart. For example, if you are interested in buying Stellar Lumens (XLM) and you already own Ethereum, you will need to trade on the XLM/ETH market. This means that if you are planning on buying/ selling or researching a particular coin, you will need to determine which trading pair or ‘market’ you would like to do so in. For those of you who aren’t familiar with Tether, it is essentially a virtual currency version of the US dollar which can traded as digital fiat, where each USDT token is pegged to 1 real USD in order to stabilize its price against crypto market volatility. A ‘market’ refers to these fundamental currencies.īitcoin, Ethereum and USDT (Tether) are the 3 main cryptocurrency markets that you will come across on digital asset exchanges. When trading on an exchange or analyzing a cryptocurrency’s chart, you are limited to specific fiat and cryptocurrencies that another digital asset can be traded against. You can find out a cryptocurrency’s ticker simply by searching for it on or any other coin listing website.Ī cryptocurrency’s ticker does not change, it is the same across every exchange and cannot be altered. Bitcoin has the ticker ‘BTC’, Ethereum has the ticker ‘ETH’, Litecoin’s ticker is ‘LTC’ and so on. TickerĮach cryptocurrency has its own ‘ticker’ or abbreviated symbol that is used to identify it when trading on an exchange or viewing a trading chart. Websites like and are great places to start, and offer free cryptocurrency charts for you to analyze and get to grips with. The first thing you need to know when starting to learn how to trade cryptocurrencies is how to identify individual coins and the different markets that you can trade them on. “I am new to crypto, I see these trading graphs with lines and I read/hear all these buzzwords but have no idea what they mean and/or where to start.” Understanding Tickers/ Markets
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