Bitcoin Futures October 2023 $~BTCUSD Trading Report

Longer Term Trading Plans for ~BTCUSD

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ~BTCUSD slightly under 27149.47, target n/a, stop loss @ 27227.88 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 27149.47, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 27227.88. 27149.47 is the first level of resistance above 26859.7, and by rule, any test of resistance is a short signal. In this case, if resistance 27149.47 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 27149.47, target 27216.35, Stop Loss @ 27071.06 Details

If 27149.47 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 27149.47, with an upside target of 27216.35. The data also tells us to set a stop loss @ 27071.06 in case the stock turns against the trade. 27149.47 is the first level of resistance above 26859.7, and by rule, any break above resistance is a buy signal. In this case, 27149.47, 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 27149.47, target n/a, Stop Loss @ 27227.88. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 27149.47 with a downside target of n/a. We should have a stop loss in place at 27227.88 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, 27149.47, 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 27149.47, target 27216.35, Stop Loss @ 27086.13 Details

If 27149.47 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 27149.47, with an upside target of 27216.35. The data also tells us to set a stop loss @ 27086.13 in case the stock turns against the trade. 27149.47 is the first level of resistance above 26859.7, and by rule, any break above resistance is a buy signal. In this case, 27149.47, 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 27149.47, target 26739.43, Stop Loss @ 27212.81. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 27149.47 with a downside target of 26739.43. We should have a stop loss in place at 27212.81 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, 27149.47, 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 October 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for October 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	27149.47
P2	26739.43	27216.35	30814.25
P3	27371.30	28429.76	34780.39

AI Generated Signals for ~BTCUSD

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