Bitcoin Futures June 2023 $~BTCUSD Pivots Trading Plans and Risk Controls

Longer Term Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 27295.87 target 31701.78 stop loss @ 27217.04 Details

The technical summary data tells us to buy ~BTCUSD near 27295.87 with an upside target of 31701.78. This data also tells us to set a stop loss @ 27217.04 to protect against excessive loss in case the stock begins to move against the trade. 27295.87 is the first level of support below 29456 , and by rule, any test of support is a buy signal. In this case, support 27295.87 is being tested, a buy signal would exist.

• Short ~BTCUSD slightly under 31701.78, target 27295.87, stop loss @ 31793.33 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 31701.78 with a downside target of 27295.87. We should have a stop loss in place at 31793.33though. 31701.78 is the first level of resistance above 29456, and by rule, any test of resistance is a short signal. In this case, if resistance 31701.78 is being tested, a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 30252.24, target 31701.78, Stop Loss @ 30164.87 Details

If 30252.24 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 30252.24, with an upside target of 31701.78. The data also tells us to set a stop loss @ 30164.87 in case the stock turns against the trade. 30252.24 is the first level of resistance above 29456, and by rule, any break above resistance is a buy signal. In this case, 30252.24, 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 30252.24, target 27295.87, Stop Loss @ 30339.61. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 30252.24 with a downside target of 27295.87. We should have a stop loss in place at 30339.61 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, 30252.24, 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 30252.24, target 30465.52, Stop Loss @ 30181.66 Details

If 30252.24 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 30252.24, with an upside target of 30465.52. The data also tells us to set a stop loss @ 30181.66 in case the stock turns against the trade. 30252.24 is the first level of resistance above 29456, and by rule, any break above resistance is a buy signal. In this case, 30252.24, 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 30252.24, target 27295.87, Stop Loss @ 30322.82. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 30252.24 with a downside target of 27295.87. We should have a stop loss in place at 30322.82 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, 30252.24, 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 June 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for June 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	23259.53
P2	30465.52	30252.24	27295.87
P3	31318.09	32527.15	31701.78

AI Generated Signals for ~BTCUSD

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