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How the (BTF) price action is used to our Advantage

Longer Term Trading Plans for BTF
  • 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 BTF slightly under 18.45, target n/a, stop loss @ 18.5 Details
  • The technical summary data is suggesting a short of BTF as it gets near 18.45, 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 18.5. 18.45 is the first level of resistance above 17.32, and by rule, any test of resistance is a short signal. In this case, if resistance 18.45 is being tested, so a short signal would exist.

Swing Trading Plans for BTF
  • Buy BTF slightly over 17.92, target 18.45, Stop Loss @ 17.87 Details
  • If 17.92 begins to break higher, the technical summary data tells us to buy BTF just slightly over 17.92, with an upside target of 18.45. The data also tells us to set a stop loss @ 17.87 in case the stock turns against the trade. 17.92 is the first level of resistance above 17.32, and by rule, any break above resistance is a buy signal. In this case, 17.92, 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 BTF slightly near 17.92, target 16.62, Stop Loss @ 17.97. Details
  • The technical summary data is suggesting a short of BTF if it tests 17.92 with a downside target of 16.62. We should have a stop loss in place at 17.97 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, 17.92, 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 BTF
  • Buy BTF slightly over 17.92, target 18.45, Stop Loss @ 17.88 Details
  • If 17.92 begins to break higher, the technical summary data tells us to buy BTF just slightly over 17.92, with an upside target of 18.45. The data also tells us to set a stop loss @ 17.88 in case the stock turns against the trade. 17.92 is the first level of resistance above 17.32, and by rule, any break above resistance is a buy signal. In this case, 17.92, 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 BTF slightly near 17.92, target 17, Stop Loss @ 17.96. Details
  • The technical summary data is suggesting a short of BTF if it tests 17.92 with a downside target of 17. We should have a stop loss in place at 17.96 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, 17.92, 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  Valkyrie Bitcoin Strategy Etf (BTF) available here: BTF.

BTF Ratings for July 10:

Term →Near Mid Long
Rating Weak Weak Strong
P1 0 0 18.45
P2 15.82 16.62 21.09
P3 17 17.92 24.06
Triggers may have already come
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AI Generated Signals for BTF

BTF Long Term Analysis for July 10 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Valkyrie Bitcoin Strategy Etf (NYSE: BTF) data table below can help you with price action, and we have more details too. Trading plans for BTF are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.