What is Difference between Sell Limit Bitcoin Order & Buy Limit BTCUSD Order in Bitcoin Crypto Trading?
What's a Buy Limit Bitcoin Order?
A buy limit bitcoin order is an order to buy bitcoin crypto currency at a better btcusd crypto currency price after btcusd crypto currency price has retraced from its current area.
A buy limit btcusd crypto currency order is an order to buy at a lower bitcoin price than the ruling bitcoin price
A buy limit order is only executed when bitcoin prices falls and retraces to the set buy limit area.
What's a Buy Limit Bitcoin Crypto Order Example?
Buy Limit BTCUSD Crypto Currency Order meaning - Entry limit is an order to buy a BTCUSD Crypto Currency at a certain btcusd crypto currency price which's a pull-back area where btcusd crypto currency price is predicted to retrace to before it resumes original trend.
Traders use buy limit btcusd crypto currency orders to buy at better market btcusd crypto currency price. These types of buy limit bitcoin orders are available in most online trading platforms, for our example we will be using the MetaTrader 4 bitcoin trading platform.
An entry buy limit bitcoin order of this type can be used to open buy below the btcusd cryptocurrency trading market level (pullback in an up bitcoin crypto currency trend market).
Buy limit - When buying, your entry buy limit order is executed when bitcoin crypto trading market falls to your set btcusd crypto currency price. (pulls back downward)
Entry orders are placed by btcusd crypto currency traders when they expect btcusd crypto currency price to bounce back after reaching to this zone.
- Entry Buy Limit BTCUSD Orderbuy at a level below current market level.
Buy Entry Limit Bitcoin Crypto Currency Order Example
In the trading example illustrated below, the buy limit bitcoin order was placed to buy at a bitcoin price below current market bitcoin price. Point B is point that it was set.
Buy LimitPlaced to Buy Below Current Price - What's a Buy Limit Order?
The bitcoin crypto currency price then retraced and went down to hit the buy entry limit, and afterwards btcusd crypto currency price continued to move upwards in direction of the original BTCUSD Crypto Currency upward trend. When the limit buy order was hit by price it changed in to a buy order.
Buy Limit Orders Now Changes to a Buy Order - Buy Limit
What is a Buy Stop Bitcoin Order?
What Does Buy Stop BTC USD Crypto Order Mean?
A Buy Stop Bitcoin Order is an order to buy bitcoin after the bitcoin price rises to the set buy stop bitcoin price area.
The buy stop bitcoin order is always set to buy above the existing market bitcoin prices.
Buy Stop BTC USD Crypto Order
In the examples below a buy stop bitcoin crypto currency order was placed to buy at a level above current market btcusd crypto currency price.
The btcusd crypto currency price of the btcusd crypto currency instrument then went up to hit the buy stop bitcoin crypto currency order, and afterward bitcoin price continued to move upward.
What is a Buy Stop Order?
The buy stop bitcoin order is also used to set pending order when there a consolidation chart pattern on a trading chart. Buy stop pending order is used to set a buy order just above the consolidation pattern as shown below so that if there a bitcoin price break out upward after the consolidation pattern then a new buy order is opened - by buy stop bitcoin order once the buy stop bitcoin price that's set is reached.
Setting Buy Stop Order in a Break-out - Buy Stop Order Definition & Example
A Buy trade was generated from the above buy stop bitcoin order when the bitcoin price broke a resistance area in the first example & when there was an upwards bitcoin price breakout after a market consolidation pattern on the second buy stop bitcoin order example.
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