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.