HitBTC is a platform for digital asset and currency exchange where you can quickly and securely trade Bitcoin, Ethereum, EOS, Tether and many other cryptocurrencies. Several trading options are present, including spot and OTC markets. The platform’s interface is very intuitive and easy to navigate.
HitBTC is a global cryptocurrency trading platform established in 2013, offering fast and secure 24/7 exchange of BTC to USDT and many other digital assets.
BTC to USDT Real-Time Price Chart Explained
HitBTC features a price chart that combines a representation of a digital asset’s Exponential Moving Average (EMA) with a candlestick visualization of its price history. The EMA consists of the two lines running across the chart that are formed using BTCUSDT_PERP’s historical data when paired with BTCUSDT_PERP and represent BTC’s performance for a given amount of time in terms of USDT. EMAs are among the most widely used methods (in the crypto sphere as well as the world of stocks) of measuring the way a cryptocurrency is trending.
The second part of the graphic is a BTCUSDT_PERP candlestick chart. Candlestick charts are based upon the following five values:
O – open
H – high
L – low
C – close
V – volume
When looking at the chart, the rectangle figures each represent the trading activity of BTC for a single day. The candles in the middle of the chart running along the lines of the EMA illustrate the first four values measured in BTCUSDT_PERP. The ends of each vertical line mark the BTCUSDT_PERP’s high and low prices for the day. The body of the candle marks the movement betweenBTC’s opening and closing prices. If a candle is green, the price has increased; if red, it has decreased. The candlesticks at the base of the chart are used to display daily trading volume in terms of USDT.
Trading Instruments Explained
In our trading instruments section, you will see tabs labelled with the abbreviations of different cryptocurrencies. Clicking these tabs will allow you to see what other cryptocurrencies can be traded with your selected quote currency. You will find the price of base currencies displayed along with BTC volume, which measures how much trading of the currency has been done in the past 24 hours, and change, which gauges the percentage change in price occurring over the same time period. To switch to another trading pair from BTCUSDT_PERP to BTCUSDT_PERP, just select the pair from those available in Trading Instruments.
Order Book and Market Depth Chart Explained
Below Trading Instruments is the Market Depth Chart and corresponding Order Book. The Order Book shows you all of the current orders that have been placed between BTC to USDT. These are broken up into bids (people looking to buy BTC) and asks (people looking to sell BTC). On the chart you’ll find the price of the order in BTCUSDT_PERP, the amount of BTCUSDT_PERP being bought or sold and the sum of the transaction displayed in either BTC or USDT.
This information is displayed in a more visual format above in the Market Depth Chart. The Depth Chart takes the asks and bids and stacks them on top of each other to provide an easy to understand overview of the supply and demand of BTCUSDT_PERP paired with BTCUSDT_PERP.