Bitcoin Long and Short and Bitcoin Charts
In bitcoin crypto trading, there are two types of bitcoin trades, these are:
- Long (buy) - long is if the bitcoin trend is buy/bullish.
- Short (sell) - short is if the bitcoin trend is sell/bearish.
Buying/Long and Selling/short in Bitcoin Trading
Both terms in Bitcoin Trading, refer to things we do when open a bitcoin crypto currency trade.
Buying Long - bitcoin trading term to use when buying and when opening a bitcoin trade.
Selling short - bitcoin trading term to use when selling and when opening a bitcoin trade.
Long - Long is another term used to refer to buying in bitcoin trading, If a trader goes long it means that he buys the bitcoin instrument that is heading in an upward trend direction. When the bitcoin price is moving in an upward bitcoin trend the trend is known as bullish trend.
Short - Short is a term used to refer to selling of a bitcoin instrument that is going in a downward trend direction. When the bitcoin price is going downwards then it's known as a bearish trend.
Basically the term, "selling short" can be refer to selling in the btcusd markets. Selling short is used to trade a bitcoin instrument that is predicted to depreciate in its value compared to another, when this bitcoin is sold then it is the same as not holding value in this bitcoin instrument and holding the same value in another form against which this bitcoin instrument is traded against - mostly US Dollars.
Buy/Long
If the bitcoin price is going up we buy, this is known as going long - Therefore long is just another term for buy. When the btcusd market bitcoin trend is going up it is referred to as bullish, this is when a buy trade is placed. A bullish bitcoin trend is identified by drawing an up-wards bitcoin trendline on a chart. The example shown below shows a long/buy bitcoin trade signal.
Buy/Long
Sell/Short
If the bitcoin price pair is heading down we sell, this is known as going short. When the btcusd market bitcoin trend is going down it is referred to as a bearish. The example illustrated below shows a downwards trend, this is when a short sell is placed. The short/sell is identified by drawing a downwards bitcoin trendline on a chart. The example shown below shows a short/sell bitcoin trade signal.
Sell/Short - Bitcoin Buy Trade and Bitcoin Sell Trade
BTC USD Crypto Charts
A chart provides a visual representation of bitcoin prices (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto. The movement of bitcoin prices is drawn on these cryptocurrency charts. The cryptocurrency chart can be drawn as candlestick bitcoin charts like the one below or as line bitcoin charts or bar bitcoin charts.
BTCUSD Crypto Chart - Candlesticks Bitcoin Charts
The three common types of charts used in bitcoin trading are:
- Candlesticks Bitcoin Charts
- Line BTCUSD Charts
- Bar BTCUSD Crypto Charts
These 3 are explained in the topic BTCUSD Crypto Chart Types.
BTC USD Crypto Platform Software
This is the bitcoin software which is provided by a broker to help bitcoin traders place their bitcoin trades. Once you download and installs this bitcoin software on your Desktop computer PC you then can begin to trade in the Bitcoin market. All bitcoin trades are executed through this btcusd crypto platform. If you want to learn a btcusd crypto platform, MetaTrader 4 Bitcoin Crypto Currency Software is a good bitcoin software to start with.
To set these bitcoin crypto currency trade orders, open MetaTrader 4 BTC USD Crypto Trading Platform Software, open a 'chart', rightclick the "chart', select 'New Order' & then select bitcoin order either buy or sell as illustrated below. (Short-cut key-board Keys - Press F9 Key)
Placing Buy Long Bitcoin Order and Sell Short Bitcoin Order on MetaTrader 4
Get More Tutorials & Lessons:
- What Happens in BTC USD after a Bear Flag Pattern?
- How to Trade with Trading Platform Software Software Tutorial Tutorial Course
- How to Use MetaTrader 4 Bitcoin Trade Platform Software Tutorial Guide Guide
- How to Analyze Fibo Extension Levels Trade Tutorial Course
- How Do I Analyze Bearish Descending Triangle Chart Patterns?
- How Do I Set Buy Limit Order on MetaTrader 5 Trading Platform?
- What's the Difference Between BTC USD Mini & Standard Bitcoin Account?
- Standard BTCUSD Trade Lot vs Mini Bitcoin Lot Described
- How Do I Analyze a New BTC USD Order on MetaTrader 5 iPad App?
- BTC USD Trade App