How Do I Study the Difference between Sell Limit Bitcoin Order & Buy Stop Bitcoin Order?
Bitcoin Trade the Difference between Sell Limit Bitcoin Order & Buy Stop Bitcoin Order
A sell limit bitcoin crypto order is an order to sell a cryptocurrency at a better btcusd crypto price after btcusd crypto price has retraced upward from its current level.
A sell limit bitcoin order is an order to sell after the btcusd market retraces upwards within a down-wards trend.
A sell limit bitcoin order is only executed when the crypto instrument bitcoin prices moves upwards and retraces to the set sell limit bitcoin trading order level.
Entry Limit Bitcoin Orders: Sell Entry Limit
Sell Limit Crypto Order definition - Entry sell limit bitcoin order is an order to sell a cryptocurrency at a certain bitcoin price which is a pull-back area where bitcoin price is predicted to retrace to before it resumes the original Bitcoin trend.
Traders use sell limit bitcoin crypto orders to open sell at better market btcusd crypto price. These types of sell limit btcusd crypto orders are available in most online platforms, for our example we will be using the MT4 bitcoin platform.
An entry sell limit bitcoin cryptocurrency order of this type can be used to open sell above the btcusd cryptocurrency market level (retracement retracement in a downwards bitcoin trend CryptoCurrency market).
Sell limit - When selling, your entry sell limit btcusd crypto order is executed when the bitcoin crypto market rises to your set btcusd crypto price. ( retraces upward )
Entry orders are set by bitcoin traders when they expect bitcoin crypto price to pull back downwards after reaching this level.
- Entry Sell Limit Bitcoin Ordersell at a level above the current market level.
Sell Limit BTC/USD Order
In the example illustrated below a the sell limit bitcoin order was placed to sell at a bitcoin price above the ruling market bitcoin price. This is the level for the bitcoin crypto price pullback.
Sell Limit Crypto Order Placed to Sell above Current CryptoCurrency Price - What's Sell Limit Crypto Order?
The crypto instrument then rallied, went up to hit sell entry limit bitcoin order, & afterwards the bitcoin price continued to move downward in direction of the original Bitcoin Crypto Currency downward trend.
Order now Changes to a Sell order - Sell Limit Bitcoin Order Definition & Bitcoin Example
When btcusd crypto price hit the set sell limit btcusd crypto order level the sell limit btcusd crypto order changed into a sell btcusd crypto order, this is therefore a good method to sell at a better btcusd crypto price after a pull-back.
What's Buy Stop Bitcoin Order?
What Does Buy Stop BTC/USD Crypto Order Mean?
A Buy Stop Bitcoin Order is an order to buy a cryptocurrency after the btcusd crypto price rises to the set buy stop btcusd crypto price level.
The buy stop btcusd crypto order is always set to open buy above the existing market bitcoin cryptocurrency prices.
Buy Stop Crypto Order
In the examples set-out below a buy stop bitcoin order was placed to open buy at a level above the prevailing market bitcoin crypto price.
The bitcoin price of the cryptocurrency instrument then went upto hit the buy stop btcusd crypto order, & afterwards the bitcoin cryptocurrency price continued to move upward.
What is Buy Stop Crypto Order?
The buy stop btcusd crypto order also is used to set pending crypto order when there is a consolidation chart pattern on a crypto chart. Buy stop order is used to place a buy bitcoin crypto order just above the consolidation pattern as illustrated below so that as if there a bitcoin price breakout upwards after the consolidation pattern then a new buy bitcoin crypto order is opened - by the buy stop bitcoin order once the buy stop bitcoin price set is reached.
Buy Stop Order Definition and Example
A Buy signal was generated from the above buy stop bitcoin cryptocurrency order when the bitcoin price broke a resistance level in the first example illustration and when there was an upward bitcoin crypto price breakout after a bitcoin market consolidation pattern on the second buy stop bitcoin crypto order example.
Analyze the Difference between Sell Limit Bitcoin Order & Buy Stop Bitcoin Order
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