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 is another term used to refer to buying of Bitcoins, If a trader opens long it means that he buys the BTCUSD pair that is heading in an upwards trend. When the price is moving in an upwards trend the market trend is known as bullish.

Short - Short is another term used to refer to selling of Bitcoins, If a trader opens short it means that he sells the BTCUSD pair that is heading in a downwards trend. When the price is moving in a downward trend the trend is referred to as bearish.

Basically the term, "selling short" can be refer to selling BTC/USD Crypto in the online Bitcoin markets. Selling short is used to trade a financial instrument (for example Bitcoin) that is predicted to depreciate in its value compared to another, when this financial instrument is sold then it is the same as not holding value in this instrument and holding the same value in the other currency - in our example selling Bitcoin and holding the value in the currency US Dollar.

Buy/Long

If the market price is going upward we buy, this is known as going long Therefore long is just another name for buy. When the trend is going upward it is known as a bullish, this is when a buy order is placed. A bullish trend is identified by plotting an upwards trend line on a BTCUSD chart. The example put on display below highlights a long/buy signal.

Bitcoin Buy Long - What is Buy Long BTCUSD Trading? - Buy Long Bitcoin Trade Example Explained

Buy/Long - Buy BTCUSD Bitcoin Cryptocurrency

Sell/Short

If the BTCUSD price is going down we sell Bitcoins, this is known as going short. When the trend is going downward it's known as a bearish. The example put on display below shows downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downward trend-line on a chart. The example put on display below highlights a short/sell signal.

Bitcoin Sell Short - What is Bitcoin Sell Short? - Bitcoin Sell Short Trade Explained

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 as a trader 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 software. If you want to learn softwares, MetaTrader 5 is a good software to start with.

Bitcoin Buy Long Trade and Bitcoin Sell Short Trade - Crypto Buy Long vs Sell Short

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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