Sell Stop Bitcoin Order Definition & Examples

What Does Sell Stop Bitcoin Order Mean?

A Sell Stop Bitcoin Order is an order to sell bitcoin after the bitcoin trading price rises to the set sell stop bitcoin trading price zone.

The sell stop bitcoin order is always set to sell below the existing market bitcoin prices.

What's Sell Stop BTCUSD Order Example?

In the examples below a sell stop bitcoin order was placed to sell at a level below the current market bitcoin trading price.

The bitcoin trading price of the bitcoin instrument then went down to hit the sell stop bitcoin order, & afterward bitcoin price continued to move in a downwards direction.

Setting Sell Stop Crypto Order below Resistance Level - What's Sell Stop Crypto Order?

The sell stop bitcoin order is also used to set pending cryptocurrency order when there's a consolidation cryptocurrency chart pattern on a crypto chart. Sell stop order is used to set a sell order just below the consolidation cryptocurrency pattern as illustrated below so that if there is a bitcoin trading price break out downwards after the consolidation cryptocurrency pattern then a new sell order is opened - by the sell stop bitcoin order once the sell stop bitcoin price set is reached.

Setting Sell Stop Crypto Order in a Crypto Break-Out - Sell Stop Crypto Order Definition & Example

A Sell trade was generated from the above sell stop bitcoin order when the bitcoin trading price broke a support level in the first example & when there was a downward bitcoin trading price break out after a market consolidation cryptocurrency pattern on the second sell stop bitcoin order example.