What is Difference between Sell Limit Bitcoin Order & Buy Limit BTCUSD Order in Bitcoin Trading?
What's Sell Limit BTCUSD Order?
A sell limit bitcoin order is an order to sell bitcoin at a better bitcoin price after bitcoin price has retraced upwards from its current area.
A sell limit bitcoin order is an order to sell after the btcusd market retraces upward within a downwards trend.
A sell limit order is only executed when bitcoin prices moves upwards and retraces to the set sell limit area.
What's Sell Limit Bitcoin Order Example?
Sell Limit BTCUSD Crypto Currency Order definition - Entry sell limit is an order to sell bitcoin at a certain bitcoin price which's a pull-back area where bitcoin price is predicted to retrace to before it resumes original trend.
Traders use sell limit bitcoin orders to sell at better market bitcoin price. These types of sell 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 sell limit bitcoin order of this type can be used to sell above the btcusd cryptocurrency trading market level (retracement pull-back in a down btcusd crypto currency trend BTCUSD Crypto Currency market).
Sell limit - When selling, your entry sell limit order is executed when bitcoin crypto trading market rises to your set btcusd crypto currency price. (retraces up)
Entry orders are placed by bitcoin traders when they expect bitcoin price to pullback downward after reaching this area.
- Entry Sell Limit Bitcoin Ordersell at a level above the prevailing market level.
Sell Limit BTCUSD Crypto Order
In the cryptocurrency trading example illustrated below a the sell limit bitcoin order was placed to sell at a bitcoin price above the ruling market bitcoin price. This is the level for the btcusd crypto currency price pull back.
Sell Limit Order Placed to Sell above Current Price - What is a Sell Limit Order?
The bitcoin price then rallied, headed upwards to hit sell entry limit, and afterwards bitcoin price continued to move down-wards in direction of the original Bitcoin down-wards trend.
Order now Changes to a Sell order - Sell Limit Order Definition and Example
When bitcoin price hit the set sell limit bitcoin order level the sell limit bitcoin crypto currency order changed into a sell order, this is therefore a good technique to sell at a better bitcoin price after a retracement move.
What's a Buy Limit BTCUSD Crypto Currency Order?
A buy limit btcusd crypto currency order is an order to buy btcusd crypto currency at a better btcusd crypto currency price after btcusd crypto currency price has retraced from its current area.
A buy limit bitcoin 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 is 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 bitcoin price. These types of buy limit bitcoin orders are available in most online trading platforms, for our example we will be using the MT4 btcusd trading platform.
An entry buy limit bitcoin order of this type can be used to open buy below the btcusd crypto trading market level (pullback in an up btcusd 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 bitcoin price to bounce back after reaching to this zone.
- Entry Buy Limit Bitcoin Orderbuy at a level below current market level.
Buy Entry Limit Bitcoin Order Example
In the cryptocurrency trading example illustrated below, the buy limit bitcoin crypto currency order was placed to buy at a btcusd crypto currency price below current market btcusd crypto currency price. Point B is point that it was set.
Buy LimitPlaced to Buy Below Current Price - What's a Buy Limit Order?
The btcusd crypto currency price then retraced and went down to hit the buy entry limit, and afterwards bitcoin price continued to move upwards in direction of the original Bitcoin upward trend. When the limit buy order was hit by price it changed in to a buy order.
Buy Limit Bitcoin Orders Now Changes to a Buy Order - Buy Limit Bitcoin Order
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