Types of Pending Bitcoin Crypto Currency Orders
- Buy Limit BTCUSD Crypto Order Specifies to open buy at a level that is below the prevailing bitcoin trading market price
- Sell Limit BTCUSD Crypto Order Specifies to sell at a level above the prevailing market btcusd crypto price
- Buy Stop BTCUSD Crypto Order Specifies to open buy at a level that's above the current price.
- Sell Stop BTC USD Crypto Order Specifies to open sell at a level that's below the prevailing price.
Limit BTCUSD Crypto Orders and Stop Bitcoin Crypto Currency Orders
Pending Bitcoin Orders are bitcoin orders that are used to open a new bitcoin trade position after the btcusd trading market reaches a bitcoin price given by trader.
Pending Bitcoin Crypto Currency Orders are used to buy or sell when the bitcoin crypto currency price quote attains a certain bitcoin crypto price target.
When a specific bitcoin price level is reached then a pending cryptocurrency trading order is executed.
Pending BTCUSD Crypto Orders are used to enter a btcusd crypto trade at a specified btcusd crypto price level. It's almost impossible to monitor the btcusd crypto market every second and this is why a pending bitcoin crypto order can be used. If you feel the btcusd crypto market may take a certain action, such as break through a particular bitcoin price level that it has been testing but it has not been able to breakout this level, then as a trader you would want to use a Pending Bitcoin Crypto Currency Order. Once the bitcoin crypto currency prices quote crosses your given level, your pending cryptocurrency trading order is executed.
There are 2 different types of pending bitcoin crypto currency trading orders - bitcoin limit order and btcusd stop order.
These pending cryptocurrency orders are also known as bitcoin trading entry orders.
Limit Bitcoin Crypto Currency Order
An order to buy/sell at a specific limit.
An bitcoin pending limit bitcoin order can be used to open buy below the prevailing bitcoin price quote or sell above the prevailing bitcoin price quote.
When buying, bitcoin pending limit cryptocurrency trading order is executed when the bitcoin price falls to your limit specified bitcoin price quote level.
When selling, bitcoin pending limit cryptocurrency trading order is executed when the bitcoin price rises to your limit specified bitcoin price quote level.
These Limit Bitcoin Orders are placed by bitcoin traders when they expect the bitcoin price to bounce back after reaching to the specified bitcoin price quote level that the pending limit bitcoin trading order was placed.
- Buy Limit Bitcoin Crypto Currency Order Specifies to open buy at a level that is below the prevailing bitcoin price
- Sell Limit BTCUSD Crypto Order Specifies to open sell at a level that is above the prevailing bitcoin price
Stop Bitcoin Crypto Currency Order
A bitcoin stop order is an order to open buy above the prevailing market price or to open sell below the prevailing bitcoin price.
When buying, a pending stop bitcoin order is executed as the bitcoin market goes up and hits buy stop bitcoin price quote level.
When selling, a pending stop bitcoin order is executed as the market price moves down & hits the sell stop specified bitcoin price quote level.
- Buy Stop BTC/USD Crypto Order Specifies to open buy at a level that is above the prevailing bitcoin price.
- Sell Stop Bitcoin Crypto Order Specifies to open sell at a level that is below the prevailing bitcoin price.
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