Trailing Stop Loss Bitcoin Order Levels Bitcoin Trading Analysis and Trailing Stop Loss Bitcoin Order Levels Bitcoin Trading Signals

Developed by Tushar Chande.

This is a volatility based indicator that is used to estimate levels to set stop loss levels. The distance at which it estimates the trailing stop level is determined based on market volatility.

The Levels of the two lines, these two lines represent:

• Long Stop Level - Blue Line
• Short Stop Level - Red Line

The long stop level line has a much wider range than in terms of where it trails the stop loss as compared to the short stop level which implements a tight stop loss.

This btcusd indicator is volatility based when it comes to trailing and following the btcusd price action. Trailing Stop Levels will trail the above the btcusd price in a downward market bitcoin trend and trails below the btcusd price in an upward market trend.

Bitcoin Trading Analysis and Generating Bitcoin Trading Signals

These will be calculated using volatility to calculate where to draw the indicator - this is used to determine what levels to set stop losses.

Upward Trend

In an upward bitcoin trend these levels will follow below the cryptocurrency price. The trader can use either the short stop level line to set up a tight stop or the long stop level to set a stop loss that is not very tight. As the btcusd price goes higher the trailing level also goes higher. An exit signal is generated when btcusd price crosses below these levels.

Bitcoin Uptrend

Downward Trend

In a downward bitcoin trend the stop loss levels will trail above the btcusd price this two levels can be used to set these levels. As the btcusd price drops further these levels will continue to drop lower and follow the btcusd price lower. An exit signal is generated when btcusd price crosses above these levels.

Bitcoin Downtrend

When btcusd price starts to retrace these levels will not retrace but will remain at their levels, this will mean at some point the trade will be closed by the trailing stop loss.