Bitcoin Forum

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

It happened because

A- your exchange is scamming you
B- every exchange has a unique price. Just because you see a certain price at trading view, it don’t mean that btc actually hit that price on your exchange.

Have checked the charts in your platform? Did btc really hit 24450 there? Let me guess… it didn’t.

What exchange are you trading at and are you sure bitcoin has reached 24450 USD at that exchange. Can you provide more screenshots?
Sometimes the prices on all exchanges are not 100% the same, there is still a slight price difference between the exchanges. cases like this I have heard quite a few times and mainly because the prices in each exchange may not be exactly the same, it also happens in the forex market.

However the price has not reached the target execution price (your order was $24448, the price was $24450). But price dropped to $24300, did you cancel the order before it crossed your trigger price?
If the exchange you use is not liquid enough, the difference between buy and sell orders will be larger which causes your order to be put in the sell queue. Or at worst, you are using an exchange with fake trades.

What platform are you using? Better to double check your price based on the selling price because you might input the wrong number that's why you can't proceed with your selling. You're scalping for how many times already before this happen? This is rare not unless you are using an unfamiliar exchange and planning to scam you which I think, should be a big concern especially when you do trading. To get the real answer, better to contact their support now.

First, what exchange platform are you using?
if possible exchange with bad reputation. Of course, there is a chance that you will be scammed by the exchange.

secondly, you can check the bitcoin price on your exchange. because indeed the price movement in each exchange sometimes there is a difference. if you rely on data from coin market cap or other platforms, of course, there will be price differences.

Based on your post history it seems you're using Bitget.


After looking into Bitget, the price already exceed $24,448 but it's weird why the take profit orders aren't working. I suggest you to read the whole instruction and requirement for put take profit orders [1] maybe you have missed something and it didn't perform.

If you keep experience this issue on the next time, it's better to use other good centralized exchanges e.g. FTX.

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[1] https://support.bitget.com/hc/en-us/articles/360044804892-Take-Profit-and-Stop-Loss-available-now

Every exchange has its different pricing and it's better to look at the price where you're trading. It's also possible that no one has ordered at that price you've set.
The market is volatile and you have to take into account that even if you see the price move to that price order you're about to sell, it doesn't mean that all exchanges have reached that price if the market starts to go down a bit. But, check it again.

This is not strange I think. You have to understand that different exchanges have different stand point for price. Is not that it is totally different from each other, it is just a little, very little difference either caused by the difference in buy and sell order which is where your exchange make some profit for your order or for trading and executing your order. Depending on different exchanges so the difference varies and that can be called like pips difference. What you notice varies too and can be to your favour when it comes to stop loss. Sometimes you feel you have lost your trade order to stop loss when you open your trade but you find out is just a pip above your stop loss order and you may end up winning that trade at the end. I'm not saying that exchanges don't scam traders, they do especially during the volatility time, they can increase the spread (difference between buy and sell pips) and if you are running out of capital then you can easily lose everything and this makes that while trading you reduce your risk because you can lose or gain but gradually accumulating profit is better because you build more confidence when you are in profit, losses gives you panic always.

That's weird as it should be executed. Try to check your orders and see if, on that exchange, it really hits your preferred price.

Exchange rates vary per exchange and trading platform. You need to rely on the exchange where you actually placed your order.

Next time, try to watch it as possible as you can to have a test. Come back here once everything is confirmed.

set your tradingview, select the BTC pair with the source of the exchange you are using so that the price can be the same. it's probably an unequal exchange. each exchange price difference. even if only a little it will be very influential, as in your current situation, the scalping that you do is not executed properly. I've experienced something like that, only missing a few digits, but it didn't execute and even the price continued to fall. Before trading you must check everything so that things don't happen that can be detrimental.

why can something like that happen?, if I may know where do you trade? does it include top tier 1?
otherwise you are really out of luck, but if you trade on a tier 1 exchange platform then you should mention it,
so that they realize that their exchange is really bad!

You can mention the name of your platform. Then it would be easy to understand where the problem is. And if I speak for myself, then first of all I will tell you to change your trading platform. Take a good  reliable exchanger for this you can take as these-Binance , FTX ,Ku-Coin . Binance is leading now and FTX is known as best lower withdrawal fees . You can choose from these. I think your trading platform scammer, your exchanger selection is wrong please do research when you are going to invest anywhere

Either you probably made a mistake with the take profit order, or it wasn't triggered, especially if the price spike to $24450 was in a flash. Please try to specify more how the TP order was set up. Another option would be to contact support to get a helpful response.

Secondly, you haven't told us if you were using spot or futures market

I think you choose with bad reputation exchange market, usually different several points like your cases order should be filled and all your selling bitcoin assets have been sold, except if you sell on $24448 but higher price reaching stuck on $24448 if not sold out not matter, but higher price reaching above $24450 and less $2 reaching up should your order have been completed. I think be aware with your exchange trading, but the way what kinds of exchange market do you use and until your selling order not filled complete? I saw you really got problem with exchange market because your order price have been reached but still not sold.

You must double-check it from your exchange account. Tradingview is working with API from Binance or other exchanges so for sure there are some lapses here especially when prices are volatile.
You can also check from your exchange account about what type of order your take profit order is, is it a market order or a limit order? Because if it's market order for sure it will be triggered and sell/buy the order, but if limit order, there could be a spike on price and your order didn't trigger.

I think you are right, the problem might be from you maybe you made a mistake when setting the take profit order because it once happened to me.
You didn't mention the exchange that you are using to trade maybe it's not a reputable crypto Exchanges. Also different exchange are having different prices, maybe on the exchange which you set your take profit, maybe bitcoin did not get to the price on the exchange.
If you think you didn't make mistake, you traded on a Reputable exchange and bitcoin price hit your take profit price, then contact the support just the way other members instructed.

I am not really sure if this act was the same with as a real scam but what I know is that a scam means you lost your money but as long as his balance is still there then it wasn't a scam but your letter "b" might be correct. Every exchange aren't the same and not all of them based their rates on a third-party platform like trading view.

Another is maybe there is only a delay that happened with them that time if this was the first time the op experienced this but I think they should come up with a statement in regards to the issue and maybe do some little compensation only to calm down their traders and to keep them on patronizing the exchange site.

Most likely he wasn’t scammed but on his exchange price didn’t hit his limit order. With crypto there can be sometimes $50 spreads between exchanges especially during pivots. Usually when price hits a pivot it’s hitting stop losses and it varies between exchanges, that’s why on a normal day the price is similar with most exchanges but the daily low or high can vary greatly.

It’s sometimes sucks because you were so close in selling but a couple dollars off from taking profit and trade reverses. It happens, just wait and maybe Bitcoin will go higher and hit your order finally.

There are simply too many reasons for this, maybe you made a mistake when you set up your order, the exchange could be scamming you, your price target while achieved on average in the majority of the exchanges was not reached on the exchange that you are using, there was a bug and your order was not executed correctly, and those are the reasons that come up to my head as there could be way more than them, so unless you are way more specific about what happened it is going to be very difficult to know why the order was not executed and you lost money because of it.

Any update with this one? Did you double check the details of your cashing out?
You should be able to sell and take profit since you’re just scalping and you trade within that day, I wonder why selling button is not working better to call the support and ask if there is something wrong with the exchange. Don’t panic yet, this might be an error only on your end so try to re-sell and take that profit in you.

It depends on the exchange you are using, Your exchange might not hit that exact 24448 price that's why it didn't trigger the take profit operation. That's my wild guess unless the exchange you are using is shady and not allowing people to take profit at the price you set in. As far as I know trading view uses 8 major exchange to compute the average price on the cryptocurrency like bitcoin and ethereum. The advice I can give is to check you exchange account and the pair you are trading if it hits your take profit.

To me i feel stop loss while scalping is risky because prices will always want to retrace a little before moving in its supposed direction. For me while you do a review on the exchange you use you should also check the strategy you use in scalping. Do just follow prices or you have a specific timing on when to place your trades. Scalping is a fast way to make small profit but also a fast way to make huge losses especially when trdaing against the trend

You used your exchange account to open position, you will use your exchange account for price tracking as well. Tradigview can help, but very possible the price are slightly different.

It would have been better if you use the price of your exchange for that. To know more about this, check the time of the day in minutes when Tradingview indicated the price of bitcoin to be $24450, open the candle stick chart on your exchange account, check the highest price around that time on your exchange account.

What most likely happened was that the price on Tradingview is slightly different from the price on your exchange and the price on your exchange did not get to $24448 which is the price the position suppose to close.

What I see from this OP is you have based the trading view, not on your exchange, that for sure it was not the same. But it was not surprising knowing that it was obviously the set price doesn't hit yet, because if that already happens, profit will reflect on your wallet and it appears no active trades. But as you can see, nothing happens it means that it was not yet sold at the specific price.

You are somewhat got fool by the apps you have used or that might the exchanges deny the sell input you have made, or you have mistaken to input the price. There's a lot of factors making this happen and you have to find it out.

This reminds me that I had this problem on many occasions, whenever the price reached where I wanted to take profits, I did not take it but followed it without skipping anything, so that is where I understood that in reality I did not know how to use the exchange, and therefore More than placing the orders, he always lost, because many times what he did after touching the take profit and not taking profits, the price went down and he lost.

To avoid this I had to start trading with fictitious money and the same thing happened to me, that's where I had to learn how the system worked, the trigger, and all the Exchange tools, that's the only way I learned.

Happened to my friend too, cost him money, asks support, they shrug off saying 'technical difficulties'.

I do agree that sometimes exchanges could be complicated and people have hard time checking it out. I mean let's face it, there are so many things to do that we wouldn't be able to get it cleared in our heads and know everything in detail that quickly. It always takes time to realize what's what and that's going to be the key factor.

I personally feel like there is a good chance that we shouldn't be trying to use anything that we are not 100% certain about, and that is why I believe that we are going to end up with something that is fairly big loss if we ever do that, and if we only stick with what we know, then it will be a lot better results for sure.

There are some reasons.

1. Trading works in a mechanism like. If you want to sell something in a specific price someone also have to buy this in that price. In this case i think there are not enough buy orders. Its a reason

2. You are using a normal exchanger that is not much popular or that have bugs.

3. There are also some price difference between exchangers. you need to check specifically.

Bolded part is definitely precise yet checking out prices on other sources will really be that not accurate because we know that it would really be on average price and not on the exchange price where
you are trading on which he might not able to check it out if the price hits up the point or not which is obviously the case thats why @OP you should check out on the price
on where you are trading at and not on other external sites or reference ones which would really be that different or not totally the same.
Take profit orders should be triggered out once the price hits up and if it doesnt then you are indeed dealing with a scam platform.

That also matters on the exchanges which they are late for the updates. Traders need to be timely updated and get aware of the situation but some trading platforms couldn't perform well which is too late to appear on the trading view. This scenario wasn't new and not really it is our fault but yeah, checking it twice or more could help, maybe it needs some refresh on the site OP for the update. I usually do this but if you are too excited and in a hurry, most of the time we forget to do this.

^ The first step in trading is to choose a suitable exchange that has this feature, a timely update not only the high volume that can get profit.
But if you are aware that it has delayed the update, then probably you can adjust the transaction that you have placed.
However, all their advice was right and I think OP should give us an update here since OP did not come back after posted this thread, possible we can give him another advice.

I had this problem with a trading bot before. I remember very clearly that I was making good decisions to buy and sell something at certain levels and gave the right orders but I think I wasn't using the bot right. If I was online and did the trades myself, I was doing very well but since it was a bot that I told to make those moves, it didn't do it exactly like how I asked it to do and that is why I failed to make any profit and even made some losses.

Sometimes, we may have all the good intentions and even know what we are doing and make profitable decisions but if we do not know what we are doing correctly then it is going to be creating a little bit of a problem.

Maybe it was just a glitch or ordered has been performed but delayed on notification? Sometime the problem is on exchange when you set an order and it was not executed,  at the time we could rip off that profit pretty well.  It happened to me on Future/leverage before that its not executed and I am so furious since the price changed so fast and the profits gone because of the system error.

Maybe your internet connection is bad? or your exchange platform has different pricing in cryptocurrency. I'm also confused, I mean you could manually do that if you were scalping, scalping only uses small timeframe in trading, so why use a automatic take profit feature? If you are scalping, I suggest only use 1 or 2 coins only, for you to monitor it easily and do the take profit manually instead.

Are you sure about what you're saying dude? Then you didn't mention which exchange platform you used? Then as far as I know it depends on the exchange site, because the price of the bitcoin they have is not the same and they also have different volumes bitcoin on every exchange. now with your issue it seems strange, except that when there should have been a profit, it was the one who suddenly had a problem with your internet connection. or maybe you forgot that you canceled your place order that you thought was set there.

Exchanges are a big factor when doing scalping, missing the time to sell will certainly lose our opportunity and waste time waiting again for the next pump.
And this is what went wrong to OP, he miss the chance because of late updates from the exchanges which disappoint him. That is why in trading whether it was scalping, spot trading, or all forms of trading we have to use reputable exchanges and updates are on time because this is very important and trader deals with every change they saw on the market especially if you are using candlestick as an indicator.

To be on a safer side I think it's better to sit down and close your trade manually and not to rely on the exchange to automatically Take Profit afterall scalping involves sitting down and monitoring of prices as well as swift trading execution due to high volatility in the prices of cryptocurrencies, some of the exchanges or trading platform are unrealiable and untrustworthy, if a complain is made of a trade not perfectly executed or trading gone wrong, they will attribute it to technical glitches which is irreversible thus damages and losses had already been incurred.

Yes of course I think if you provide the name of the exchange you started trading on and a screenshot of trading on the exchange here If you could, we could definitely show you a better result.If you could have explained the problem clearly, we could have solved it.

There can be multiple reasons why your profit order wasn't filled. The first question would be to check how long the bitcoin price stayed above 24.448. If it was only a short period of time than there might not have been enough buy orders to fill your sell order. It can also help to check the traded volume at that time period to see how many people actually managed to sell their positions. This week has been a bad weak for crypto markets, there were a lot of more sellers than buyers in market and the bitcoin price dropped a lot. It can be that there weren't enough buyers to take off all the bitcoins before prices falling. Also trade size might play a role, if only small or large orders have been prioritised. I would still recommend you contact the exchange directly and inquire about your trades, just to be sure that everything is legit.

It depends on which exchange you are trading because you can't say the price of bitcoin reached 24400 if you see the value on preev or trading view or any other price tracking website cause every exchange has its own supply and value which means the price also adjust according to that. In most of the legitimate exchange where the volume is high enough has no risk with executing orders so choose the exchanges carefully.

It's better to show us some screenshots to be honest since many things can happen when you use the platform, maybe your connection is the problem or maybe the platform is the problem. If you miss for taking profit then just hold for another target since we are positive that crypto will reach their ATH again in the next few years.

A strong internet connection is very necessary when trading and taking profits. You have to make sure that you have a stable connection before transacting but if that isn't the problem then maybe it's the exchange system's error. However, things have already happened. There will still be another chance for you to take a profit though it will still take time. Just be sure that things are well polished the next time you reach your selling target.

I don't think it's the internet network's fault, because I once did a take profit when my network error and it still works,
and I use Binance, maybe the platform the OP uses is not as good as Binance, because if the take profit feature is an error, then Binance immediately fixes it

How could that have been an Internets fault, I mean, this is not like the OP said he was executing the trade as at that time. Its a pre-order upon the market to take certain actions when price hits certain levels. The Internet can hardly play any role in that as this is strictly on the system and have nothing else to do with the network of the OP.

This I might agree with as sometimes, exchanges could manipulate the chats or you have a price jump in order to make traders take trades and you would find users Take profit and Stop loss being avoided. It's an error upon the system.

I will tend to agree, unless your Internet connection dies before you can set up your order then the Internet connection probably does not have anything to do with what happened to the OP, however he never comeback to give more details about what happened or if it was ever solved as he has been offline since he made that post, it is a shame because such an error is very important because if your orders do not work as they should then almost no trader can make any profits from the markets unless they watch them every single second of the day.

The grammatical expression of your sentence is very difficult to understand so I would like you to make sure that when making a composition concerning into currency trading or making analysis of cryptocurrency trading you have to take it step-by-step so that the reader will understand exactly what your point is all about that is why some people do take it time before writing or commenting to someone's composition this is what notice from your composition

Perhaps there is not enough liquidity to execute the order, all orders are placed in the queue and when the price reaches that point, the orders that were placed first are executed, if the liquidity is sufficient to demand at that point all orders are executed, but if it is not enough, only the first orders are executed .
I mean, for example, the volume of orders at that point can be equal to 2 BTC, but the demand is only 1 BTC, so the first orders are executed until the volume reaches 1 BTC, and the orders after that are not executed because there is no liquidity.

This is not possible because the last price will not print higher than OP limit order unless his order is already filled because the last price should be the set price if the issue is the liquidity. I believe the real issue here is because the exchange price that he is using on tradingview is not same with the exchange he is using because exchange has different liquidity and it’s possible that the last price on other exchange is not the same to other.

this is often the case. I'm pretty sure that what happened to the OP was option B. I often see this on several exchange sites. for example, when we choose the standard bitcoin price on preev, and if the preev price reaches $25k for 1 bitcoin, then most bitcoin prices on other exchanges could be below that price, or above that price, and maybe, bitcoin price on an exchange reaches $25k instantly, and a 3rd site like preev or other sites reads that price as the highest price, while the average bitcoin price on the exchange is still in the $22k to $23k range. Well, you should check the bitcoin price reached on the exchange where you trade.

Sorry, but your words are incorrect. When you place an order, sometimes only a percentage of the order is executed, perhaps 25% or 50% or any other percentage. What does that mean? This means that there is not enough liquidity to execute the order even though the price has already touched that point. Therefore, only part of the order is executed, not the entire order, and the rest of the people behind you in the queue will not be executed.

Maybe your exchange doesn't have a lot of liquidity, so the buy order value in that price range is not as big as the sell order value, so your sell order isn't executed.

Better to traders in major exchanges so you will see big liquidity and your scalping trades easy to execute.

To my knowledge for scalping trading, big liquidations have a big impact on trades success

That is why we can't just rely on any app that will alarm us when it hits the set selling price for this is likely different from the actual price instead, we use the said platform or exchanges to warn us if it is available. In fact, as we can see from the CMC as a set point, we can surely see it was a different price from preev.com. Of course, not it works perfectly, and often to lose the chance of we do this. If we are in trading be sure that we are facing on the computer until it was done or use trading bots if it was available.

The best way that you can alleviate that is by probably getting more conservative with your trading. Imagine if your exchange failed to reach your order limit because of the lack of liquidity, then the best way is you will adjust towards it. Make yourself even more evident and ensure profits in the short term. I think in the long run, you can get that back. But you just need patience for it.