Trade Bitcoin Trading

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

Created by Tushar Chande.

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

Trailing Stoploss Levels Bitcoin Indicator

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

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

This stop level line has much wider range in terms of where it trails stoploss order as compared to short stop level which implements tight stoploss order.

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

BTCUSD Crypto Analysis and Generating Signals

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

Upward Bitcoin Crypto Trend

In an upwards bitcoin trend these levels will follow below the bitcoin 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 isn't very tight. As the bitcoin price goes higher the trailing level also goes higher. An exit signal is generated when bitcoin price crosses below these levels.

Trailing Stop Levels Technical Indicator on Bitcoin Uptrend

Bitcoin Uptrend

Downward BTCUSD Crypto Trend

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

Trailing Stop Levels Technical Indicator on Bitcoin Downtrend

Bitcoin Downtrend

When bitcoin 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 stoploss order.

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