4 Types of Pending Bitcoin Orders in Bitcoin Trading
- Buy Limit CryptoCurrency Order Specifies to open buy position at a level below the ruling bitcoin trading market price
- Sell Limit BTC/USD Order Specifies to open sell at a price point above the prevailing market bitcoin cryptocurrency price
- Buy Stop Bitcoin Crypto Currency Order Specifies to open a buy position at a point above the prevailing price.
- Sell Stop BTCUSD Order Specifies to open a sell at a level below the prevailing price.
Limit Crypto Orders and Stop Bitcoin Orders
Pending Bitcoin Orders are bitcoin orders that are used to open a new bitcoin trade position after the btcusd trading market reaches a bitcoin price specified by the trader.
Pending Crypto Orders are used to buy or sell when the bitcoin price quote attains a certain bitcoin crypto price target.
When a particular bitcoin price level is reached then a pending crypto order is entered into
Pending Bitcoin Orders are used to enter a bitcoin trade at a specified bitcoin crypto price level. It's almost impossible to monitor the bitcoin market every second & this is why a pending btcusd crypto order can be used. If you feel the bitcoin market might take a certain action, like break through a particular bitcoin price level which it has been testing but it has not been able to breakout this level, then as a trader you would want to use a Pending BTC/USD Crypto Order. Once the bitcoin cryptocurrency prices quote crosses your given level, your pending cryptocurrency trading order is executed.
There are 2 different types of pending bitcoin cryptocurrency orders - btcusd limit order and bitcoin stop order.
These pending crypto orders are also referred to as bitcoin trading entry orders.
Limit BTC/USD CryptoCurrency Order
An order to buy/sell at a specific limit.
An bitcoin pending limit bitcoin order can be used to open buy position below the ruling bitcoin price quote or sell above the ruling bitcoin price quote.
When buying, bitcoin pending limit crypto order is executed/opened when the bitcoin price falls to your limit bitcoin price quote level.
When selling, btcusd pending limit crypto order is executed when the bitcoin price rises to your limit bitcoin price quote level.
These Limit Orders are placed by bitcoin traders when they expect the price to bounce back after reaching the bitcoin price quote level at which the pending limit btcusd order was opened.
- Buy Limit BTC/USD CryptoCurrency Order Specifies to open buy position at a level below the ruling bitcoin price
- Sell Limit BTC/USD Crypto Order Specifies to open sell trade at a point above the ruling bitcoin price
Stop BTC/USD Crypto Order
A bitcoin stop order is an order to open a buy position above the ruling market price or to open sell trade below the current bitcoin price.
When buying, a pending stop bitcoin order is executed as the bitcoin market goes up & hits buy stop bitcoin price quote level.
When selling, a pending stop bitcoin order is executed as the market price moves down and hits the sell stop bitcoin price quote level.
- Buy Stop CryptoCurrency Order Specifies to open buy position at a point above the ruling bitcoin price.
- Sell Stop BTC/USD Crypto Order Specifies to open a sell at a level below the ruling bitcoin price.
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