Types of Pending Crypto Orders
- Buy Limit BTC/USD CryptoCurrency Order Specifies to open buy position at a level that is below the prevailing bitcoin trading market price
- Sell Limit BTC/USD Crypto Order Specifies to open sell at a price level above the prevailing market btcusd crypto price
- Buy Stop BTC/USD Crypto Order Specifies to open a buy position at a price that is above the current price.
- Sell Stop BTC USD Crypto Order Specifies to open sell trade at a price that is below the prevailing price.
Limit BTC/USD Crypto Orders and Stop Bitcoin Orders
Pending Bitcoin Orders are bitcoin orders that are used to open a new bitcoin position after the btcusd trading market reaches a bitcoin price given by trader.
Pending Bitcoin Crypto Currency Orders are used to buy or sell when the bitcoin price quote reaches a certain bitcoin crypto price target.
When a specific bitcoin price level is reached then a pending crypto order is executed.
Pending BTC/USD Crypto Orders are used to enter a btcusd crypto trade at a specified btcusd crypto price level. It is almost impossible to monitor the btcusd crypto market every second and this is why a pending bitcoin crypto order can be used. If you feel the btcusd crypto market may take a certain action, like break through a particular bitcoin price level that 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 Bitcoin Order. Once the crypto prices quote crosses your given level, your pending crypto trading order is triggered.
There are 2 different types of pending bitcoin cryptocurrency orders - btcusd limit order & bitcoin stop order.
These pending crypto orders are also known as bitcoin trading entry orders.
Limit Crypto Order
An order to buy/sell at a specific limit.
An bitcoin pending limit bitcoin order can be used to open a buy position below the prevailing bitcoin price quote or sell above the prevailing bitcoin price quote.
When buying, bitcoin pending limit crypto order is opened/executed when the bitcoin price falls to your limit specified bitcoin price quote level.
When selling, pending limit crypto order is executed when the bitcoin price rises to your limit specified bitcoin price quote level.
These Limit BTCUSD Orders are placed by bitcoin traders when they expect the price to bounce back after reaching to the specified bitcoin price quote level that the pending limit btcusd order was placed.
- Buy Limit Bitcoin Order Specifies to open buy position at a level that is below the prevailing bitcoin price
- Sell Limit BTC/USD Crypto Order Specifies to open sell trade at a price that is above the prevailing bitcoin price
Stop Bitcoin Crypto Currency Order
A bitcoin stop order is an order to open buy position above the prevailing market price or to open a sell position below the prevailing bitcoin price.
When buying, a pending stop bitcoin order is executed as the bitcoin market goes up and hits buy stop bitcoin price quote level.
When selling, a pending stop bitcoin order is executed as the price moves down & hits the sell stop specified bitcoin price quote level.
- Buy Stop BTC/USD Crypto Order Specifies to open a buy position at a price that is above the prevailing bitcoin price.
- Sell Stop CryptoCurrency Order Specifies to open a sell position at a level that is below the prevailing bitcoin price.
Learn More Lessons & Topics:
- 20 BTC USD Pips BTC USD Price Range Moving Average BTC/USD Strategies
- BTC USD Trade MT4 App for Android
- Why BTCUSD Traders Choose STP Broker & The Difference Between STP and ECN BTC/USD Broker
- MT4 BTC USD Indicators for BTC USD Described
- MT5 Download BTCUSD Price Data to Test BTC USD Trade Automated EAs
