Entry Stop Bitcoin Orders Bitcoin Orders
These are trade orders to purchase above the bitcoin cryptocurrency market or to sell below the bitcoin trading market.
- Buy Stop BTC/USD Crypto Order An order to open buy position at a price above the btcusd trading market bitcoin price.
- Sell Stop Bitcoin Crypto Currency Order An order to sell at a level that is below the btcusd trading market bitcoin trading price.
Buy Entry & Sell Entry Bitcoin Orders
These transactions are often referred to as pending cryptocurrency orders. Traders dealing with BTCUSD utilize these pending orders when they want to engage in a trading strategy like the consolidation pattern without having to monitor bitcoin prices continuously for potential breakouts. As a result, bitcoin traders establish these pending orders above and below the current bitcoin price, and a breakout in either direction will trigger one of these pending orders, automatically executing either a buy bitcoin trade or a sell btcusd trade.
Buy Stop BTC/USD Crypto Order
In the bitcoin trading examples below, a buy stop order was used to buy at a price higher than the current bitcoin price.
The bitcoin price then rose and reached the buy stop bitcoin order, & after that the btcusd crypto price kept going higher up.
How Do You Place a Pending Bitcoin Order Buy Stop Crypto Order on the MetaTrader 4
How Do I Set a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4 Software Platform
A buy bitcoin trade came from the order above. It happened when price broke resistance in the first chart. Or after an up breakout from consolidation.
Sell Stop BTC/USD Crypto Order
In the trading example below, a sell stop btcusd order was set to sell at a price that is less than the current bitcoin price.
The bitcoin price then went down to hit the sell stop bitcoin order, & afterwards the the downwards bitcoin price move continued
How Do You Place a Pending Bitcoin Order Sell Stop Bitcoin Order on MetaTrader 4 Platform
Pending Sell Order Set in a Bitcoin Price Breakout - How to Place a Pending Bitcoin Order Sell Stop Bitcoin Order on the MT4 Platform
A sell Bitcoin trade came from the sell-stop order. It triggered after the support broke in a consolidation pattern.
How to differentiate between stop CryptoCurrency orders & limit BTCUSD orders
Recall one key point first. Stop bitcoin orders sit above or below the bitcoin price.
In the mean time Download MT4 platform and practice setting these orders on a practice demo account.
How to Place a Pending Order in MT4 Software Platform
Open a Trading Bitcoin Crypto Currency Chart, RightClick in the bitcoin Chart, Choose New Order, then follow the steps shown below
Step1: Choose Pending order like as shown and displayed below
Step2: Choose Pending order Menu as Shown Below
Step3: Choose Buy Stop Bitcoin Order or Sell Stop Bitcoin Order
Step 4: Click 'Place' Order
Steps to Setting These Pending Bitcoin Orders in MT4 Platform - How to Set a Pending Bitcoin Order in the MT4
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