Bitcoin Long and Short and Bitcoin Charts
In bitcoin 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 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 trading instrument that is heading in an upward trend direction. When the bitcoin trading price is moving in an upward bitcoin trend the trend is referred to as bullish cryptocurrency trend.
Short - Short is a term used to refer to selling of a bitcoin trading instrument that is going in a downward trend direction. When the bitcoin trading price is going downwards then it is referred to as a bearish cryptocurrency trend.
Basically the term, "selling short" can be refer to selling in the btcusd trading markets. Selling short is used to transact a bitcoin trading instrument that is predicted to depreciate in value compared to another, when this bitcoin is sold then it is the same as not holding value in this bitcoin trading instrument and holding the same value in another form against which this bitcoin trading instrument is traded against - mostly US Dollars.
Buy/Long
If the bitcoin trading price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the btcusd trading market bitcoin trend is going up it is referred to as bullish, this is when a crypto buy trade is placed. A bullish bitcoin trend is identified by drawing an upward bitcoin trendline on a crypto chart. The example illustrated below shows a long/buy trade signal.
Buy/Long
Sell/Short
If the bitcoin trading price pair is going down we sell, this is referred to as going short. When the btcusd trading market bitcoin trend is going down it is referred to as a bearish. The example illustrated below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downward bitcoin trendline on a crypto chart. The example illustrated below shows a short/sell trade signal.
Sell/Short - Bitcoin Trading Buy Trade and Bitcoin Trading Sell Trade
BTCUSD Charts
A cryptocurrency chart provides a visual representation of bitcoin trading prices (drawn on the y-axis) against time (drawn on the x-axis) for bitcoin crypto. The movement of bitcoin trading prices is drawn on these cryptocurrency charts. The cryptocurrency chart can be drawn as candlestick charts like the one below or as line charts or bar charts.
Bitcoin Chart - Candlesticks Bitcoin Charts
The three common types of crypto charts used in bitcoin trading are:
- Candlesticks Bitcoin Charts
- Line BTCUSD Charts
- Bar Bitcoin Charts
These 3 are explained in the topic Bitcoin Chart Types.
BTCUSD Trading Platform
This is the bitcoin trading software that is provided by a crypto broker to help traders place their bitcoin trades. Once you download and installs this bitcoin trading software on your computer you can then begin to trade in the Bitcoin Trading market. All bitcoin trading trades are executed through this bitcoin platform. If you want to learn a bitcoin platform, MT4 Bitcoin Trading Software is a good bitcoin software to start with.
To set these bitcoin trade orders, open MetaTrader 4 BTCUSD Trading Software, open a 'chart', right click on the "chart', choose 'New Order' & then select bitcoin order either sell or buy as shown below. (Short Cut Keyboard Keys - Press F9 Key)
Setting Buy Long Order and Sell Short Order on MetaTrader 4
