I'm trying to understand how to interpret a heat map in the context of cryptocurrency. Could someone explain the steps or provide guidance on reading such a map?
5 answers
GeishaCharm
Fri Dec 27 2024
Conversely, a darker shade of red suggests a bearish trend, hinting at a potential price decrease.
CryptoSavant
Fri Dec 27 2024
The overall market sentiment can be gauged by observing the number of timeframes displaying dark green.
QuasarPulse
Fri Dec 27 2024
If multiple timeframes exhibit dark green, it indicates a strongly bullish overall price action.
amelia_harrison_architect
Fri Dec 27 2024
The color intensity on a chart serves as an indicator of price action sentiment for each specific timeframe.
Alessandra
Fri Dec 27 2024
A darker shade of green signifies a more bullish trend, indicating that the price is likely to rise.