Bitcoin Long and Short & Charts

In BTC/USD Crypto trading, there are 2 types of trades, these are:

Long (buy) - long is if the trend is buy/bullish.
Short (sell) - short is if the trend is sell/bearish.

Buying/Long and Selling/short Both terms, refer to things we do when open a BTC/USD Crypto trade.

Buying Long = term to use when buying and when opening a Bitcoin trade.

Selling short = term to use when selling and when registering and opening a Bitcoin trade.

Long: 'Long' constitutes alternative terminology for purchasing Bitcoins. If a trader opens a long position, it signifies they have bought the BTCUSD pair anticipating an upward price trajectory. When the price moves positively, the prevailing market condition is designated as bullish.

Shorting - This is an alternative term for selling Bitcoins. When a trader initiates a "short," it signifies they are selling the BTCUSD pair in anticipation of a downward price movement. A market trend moving in a downward direction is commonly described as being bearish.

The term "selling short" means selling BTC/USD crypto in online Bitcoin markets. It applies when you expect Bitcoin's value to drop against another asset. Selling short is like not holding the asset's value but holding the other currency's instead. For example, sell Bitcoin and hold USD value.

Buy/Long

When market price climbs, we buy. This action is called going long. So long simply means buy. An upward trend counts as bullish. That's when you place a buy order. Spot a bullish trend by drawing an upward line on a BTCUSD chart. The example below points out a long/buy signal.

Bitcoin Buy Long Trades - What Long BTCUSD Positions Mean with Examples

Buy/Long - Buy BTCUSD Bitcoin Cryptocurrency

Sell/Short

When the price of BTCUSD declines, the appropriate action is to sell Bitcoins, referred to as going short. This downward movement indicates a bearish trend. The example displayed below illustrates a downward trend, which is when a short sell is initiated. This short/sell signal is represented by a downward trend line drawn on a chart.

Short Selling Bitcoin Explained - Definition and Mechanics of a Bitcoin Sell Short Trade

Sell/Short - Sell BTCUSD Bitcoin Cryptocurrency

BTC/USD Crypto Charts

A BTC/USD Crypto chart provides a visual representation of exchange rates (plotted on the y-axis) against time (plotted on the x-axis) for the Bitcoin prices - BTCUSD Chart. The movement of Bitcoin prices is plotted on these charts. The chart can be drawn as candle charts like the one above or as line charts or bar charts.

BTC/USD Crypto Chart

The 3 common types of charts used in Bitcoin Market are:

Candlestick BTC USD Crypto Charts
Line charts
Bar charts

The Three types of Bitcoin charts are covered & explained in the topic Bitcoin Chart Types.

Setting Buy Long and Sell Short on MT5 Software Platform

Bitcoin Software

This is the software which is provided by an online broker to help traders place their transactions on the online BTCUSD market. Once you download and install this platform on yourDesktop computer you can then start to trade in the Bitcoin Market and also the Forex market. All transactions through this platform are executed through this MT5 platform. If you want to learn softwares, MetaTrader 5 is a good software to start with.

Bitcoin Long Buy vs Short Sell Trades - Crypto Long and Short Positions

Open New Orders - MT5 Bitcoin Platforms

To set these buy or sell orders - open MetaTrader 5 software, open a "BTC/USD Crypto chart", right-click the "Bitcoin Crypto Currency chart ", select "New Order ", then select the trade order either buy or sell like is shown above. (Short Cut Keys To Open Trade Orders Window - Press 'F9' Key).

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