How to Put Buy Stop Bitcoin Order & Sell Stop Bitcoin Order after a Consolidation Bitcoin Chart Pattern
These stop orders are bitcoin orders to buy above the btcusd market or to sell below the btcusd trading market.
- Buy Stop Bitcoin Order An order to open buy at a level above the btcusd trading market bitcoin price.
- Sell Stop BTCUSD Order A pending order to sell at a level which is below the btcusd trading market bitcoin price.
How to Put Buy Stop Order & Sell Stop Order after a Consolidation Crypto Pattern
These stop trading orders are used by traders wanting to trade a setup like consolidation pattern but they do not want to wait and watch the bitcoin prices all day long until there a bitcoin price break out.
Hence, traders will place these pending stop orders above & below prevailing bitcoin price & a bitcoin price break out in any of these direction will execute one of these stop orders & a buy bitcoin trade or a sell btcusd trade will automatically be executed.
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