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 BTCUSD Crypto Order is an order to sell a crypto after the bitcoin crypto currency price rises to the set sell stop bitcoin crypto currency price level.
The sell stop bitcoin crypto order is always set to sell below the existing market btcusd crypto prices.
What's Sell Stop BTCUSD Crypto Currency Order Example?
In the examples below a sell stop btcusd crypto order was put to sell at a level below the prevailing market btcusd crypto price.
The bitcoin price of the instrument then went down to hit the sell stop bitcoin order, and afterward bitcoin crypto currency price continued to move downwards.
Setting Sell StopOrder below Resistance Zone - What is Sell Stop ?
The sell stop bitcoin order is also used to set pending order when there 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 illustrated below so that if there a bitcoin crypto currency price break out downwards after the consolidation pattern then a new sell bitcoin crypto currency 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 was generated from the above sell stop btcusd crypto order when the bitcoin price broke a support zone in the first example & 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 crypto currency price after bitcoin crypto price has retraced from its current level.
A buy limit btcusd crypto order is an order to buy at a lower btcusd crypto price than the ruling btcusd crypto price
A buy limit bitcoin order is only executed when the instrument bitcoin prices falls and retraces to the set buy limit bitcoin trading order level.
Entry Limit BTCUSD Orders: Buy Limit
Buy Limit BTCUSD Crypto 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 buy at better market bitcoin crypto currency price. These types of buy limit bitcoin crypto currency orders are available in most online 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 buy 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 crypto currency 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 Crypto Currency Orderbuy at a level below the prevailing market level.
Buy Entry Limit Bitcoin Crypto Currency Order Example
In the trading example shown below, the buy limit btcusd crypto order was placed to buy at a bitcoin crypto currency price below the current market bitcoin crypto currency price. Point Marked B is the point that 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, & afterward btcusd crypto price continued to move upward in direction of the original Bitcoin Crypto Currency 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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