Bitcoin Futures August 2023 ($~BTCUSD) Trading Report

Longer Term Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 27215.16 target 30648.27 stop loss @ 27136.56 Details

The technical summary data tells us to buy ~BTCUSD near 27215.16 with an upside target of 30648.27. This data also tells us to set a stop loss @ 27136.56 to protect against excessive loss in case the stock begins to move against the trade. 27215.16 is the first level of support below 29314.4 , and by rule, any test of support is a buy signal. In this case, support 27215.16 would be being tested, so a buy signal would exist.

• Short ~BTCUSD slightly under 30648.27, target 27215.16, stop loss @ 30736.78 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 30648.27 with a downside target of 27215.16. We should have a stop loss in place at 30736.78though. 30648.27 is the first level of resistance above 29314.4, and by rule, any test of resistance is a short signal. In this case, if resistance 30648.27 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 29874.85, target 30648.27, Stop Loss @ 29788.57 Details

If 29874.85 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 29874.85, with an upside target of 30648.27. The data also tells us to set a stop loss @ 29788.57 in case the stock turns against the trade. 29874.85 is the first level of resistance above 29314.4, and by rule, any break above resistance is a buy signal. In this case, 29874.85, 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 29874.85, target 29263.77, Stop Loss @ 29961.13. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 29874.85 with a downside target of 29263.77. We should have a stop loss in place at 29961.13 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, 29874.85, 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 29727.75, target 29874.85, Stop Loss @ 29658.4 Details

If 29727.75 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 29727.75, with an upside target of 29874.85. The data also tells us to set a stop loss @ 29658.4 in case the stock turns against the trade. 29727.75 is the first level of resistance above 29314.4, and by rule, any break above resistance is a buy signal. In this case, 29727.75, 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 29727.75, target 29263.77, Stop Loss @ 29797.1. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 29727.75 with a downside target of 29263.77. We should have a stop loss in place at 29797.1 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, 29727.75, 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 15:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	27215.16
P2	29231.30	29263.77	30648.27
P3	29727.75	29874.85	34337.33

AI Generated Signals for ~BTCUSD

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