How Do You Read the Difference between Sell Stop Bitcoin Order and Buy Limit Bitcoin Order?
Bitcoin Trade the Difference between Sell Stop Bitcoin Order and Buy Limit Bitcoin Order
What Does Sell Stop BTC USD Crypto Order Mean?
A Sell Stop BTC/USD Crypto Order is an order to sell a crypto after the bitcoin crypto price rises to the set sell stop bitcoin price level.
The sell stop bitcoin crypto order is always set to open sell below the existing market btcusd crypto prices.
What's Sell Stop BTC/USD CryptoCurrency Order Example?
In the examples shown below a sell stop btcusd crypto order was placed to open sell at a level below the prevailing market btcusd crypto price.
The bitcoin price of the trading instrument then went down to hit the sell stop bitcoin order, & afterwards the bitcoin cryptocurrency price continued to move downwards.
Setting Sell Stop Order below Resistance Zone - What is Sell Stop ?
The sell stop bitcoin order is also used to set pending order when there is a consolidation chart pattern on a bitcoin chart. Sell stop order is used to set a sell bitcoin crypto order just below the consolidation pattern as is illustrated below so that as if there a bitcoin price break out downward after the consolidation pattern then a new sell bitcoin crypto order is opened - by the sell stop bitcoin crypto order once the sell stop btcusd crypto price set is reached.
Sell Stop Bitcoin Order Definition & Bitcoin Trading Example
A Sell trade signal was generated from the above sell stop btcusd crypto order when the bitcoin price broke a support zone in the first example illustration & when there was a downwards bitcoin price breakout after a bitcoin market consolidation pattern on the second sell stop bitcoin order example.
What's Buy Limit Bitcoin Order?
A buy limit btcusd crypto order is an order to buy a crypto at a better bitcoin price after bitcoin crypto price has retraced from its current level.
A buy limit btcusd crypto order is an order to open buy at a lower btcusd crypto price than the ruling btcusd crypto price
A buy limit bitcoin order is only executed when the trading instrument bitcoin prices falls and retraces to the set buy limit bitcoin trading order level.
Entry Limit BTCUSD Orders: Buy Limit
Buy Limit BTC/USD CryptoCurrency Order definition - Entry limit bitcoin order is an order to buy a cryptocurrency at a certain bitcoin price which's a pull-back area where bitcoin price is predicted to retrace to before it resumes the original Bitcoin trend.
Traders use buy limit btcusd crypto orders to open buy at better market bitcoin price. These types of buy limit bitcoin cryptocurrency orders are available in most trading softwares, for our example we will be using the MT4 btcusd crypto software.
An entry buy limit bitcoin order of this type can be used to open a buy position below the btcusd trading market level (retracement in an up-ward bitcoin trend market).
Buy limit - When buying, your entry buy limit btcusd crypto order is executed when the btcusd cryptocurrency trading market falls to your set bitcoin price. ( retraces down )
Entry orders are placed by bitcoin traders when they expect bitcoin price to bounce back after reaching this level.
- Entry Buy Limit Bitcoin Orderbuy at a level below the prevailing market level.
Buy Entry Limit Bitcoin Crypto Currency Order Example
In the example shown below, the buy limit btcusd crypto order was placed to open buy at a bitcoin crypto price below the current market bitcoin price. Point Marked B is the point where it was set.
Buy LimitPlaced to Buy Below Current Price - What's Buy Limit Order?
The instrument then retraced & went down to hit the buy entry limit bitcoin order, & afterwards the btcusd crypto price continued to move upward in direction of the original Bitcoin upwards trend. When the limit buy bitcoin order was hit it changed to a buy bitcoin order.
Buy Limit Bitcoin Orders Now Changes to a Buy Order - Buy Limit Bitcoin Order
Analyze the Difference between Sell Stop Bitcoin Order and Buy Limit Bitcoin Order
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