Bitcoin Futures August 2023 ($~BTCUSD) Trading Report

Longer Term Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 26072.51 target 29822.40 stop loss @ 25997.21 Details

The technical summary data tells us to buy ~BTCUSD near 26072.51 with an upside target of 29822.40. This data also tells us to set a stop loss @ 25997.21 to protect against excessive loss in case the stock begins to move against the trade. 26072.51 is the first level of support below 29157.1 , and by rule, any test of support is a buy signal. In this case, support 26072.51 would be being tested, so a buy signal would exist.

• Short ~BTCUSD slightly under 29822.40, target 26072.51, stop loss @ 29908.53 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 29822.40 with a downside target of 26072.51. We should have a stop loss in place at 29908.53though. 29822.40 is the first level of resistance above 29157.1, and by rule, any test of resistance is a short signal. In this case, if resistance 29822.40 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 29488.91, target 29822.40, Stop Loss @ 29403.75 Details

If 29488.91 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 29488.91, with an upside target of 29822.40. The data also tells us to set a stop loss @ 29403.75 in case the stock turns against the trade. 29488.91 is the first level of resistance above 29157.1, and by rule, any break above resistance is a buy signal. In this case, 29488.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ~BTCUSD slightly near 29488.91, target 28897.00, Stop Loss @ 29574.07. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 29488.91 with a downside target of 28897.00. We should have a stop loss in place at 29574.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29488.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 29455.84, target 29488.91, Stop Loss @ 29387.12 Details

If 29455.84 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 29455.84, with an upside target of 29488.91. The data also tells us to set a stop loss @ 29387.12 in case the stock turns against the trade. 29455.84 is the first level of resistance above 29157.1, and by rule, any break above resistance is a buy signal. In this case, 29455.84, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ~BTCUSD slightly near 29455.84, target 29054.79, Stop Loss @ 29524.56. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 29455.84 with a downside target of 29054.79. We should have a stop loss in place at 29524.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29455.84, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Bitcoin Futures August 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for August 06:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	26072.51
P2	29054.79	28897.00	29822.40
P3	29455.84	29488.91	33880.38

AI Generated Signals for ~BTCUSD

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