Bitcoin Futures July 2023 $~BTCUSD Trading Advice

Longer Term Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 28979.31 target 33300.19 stop loss @ 28895.62 Details

The technical summary data tells us to buy ~BTCUSD near 28979.31 with an upside target of 33300.19. This data also tells us to set a stop loss @ 28895.62 to protect against excessive loss in case the stock begins to move against the trade. 28979.31 is the first level of support below 30142.1 , and by rule, any test of support is a buy signal. In this case, support 28979.31 is being tested, a buy signal would exist.

• Short ~BTCUSD slightly under 33300.19, target 28979.31, stop loss @ 33396.36 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 33300.19 with a downside target of 28979.31. We should have a stop loss in place at 33396.36though. 33300.19 is the first level of resistance above 30142.1, and by rule, any test of resistance is a short signal. In this case, if resistance 33300.19 is being tested, a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 31141.29, target 33300.19, Stop Loss @ 31051.35 Details

If 31141.29 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 31141.29, with an upside target of 33300.19. The data also tells us to set a stop loss @ 31051.35 in case the stock turns against the trade. 31141.29 is the first level of resistance above 30142.1, and by rule, any break above resistance is a buy signal. In this case, 31141.29, 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 31141.29, target 30114.39, Stop Loss @ 31231.23. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 31141.29 with a downside target of 30114.39. We should have a stop loss in place at 31231.23 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, 31141.29, 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 31095.66, target 31141.29, Stop Loss @ 31023.11 Details

If 31095.66 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 31095.66, with an upside target of 31141.29. The data also tells us to set a stop loss @ 31023.11 in case the stock turns against the trade. 31095.66 is the first level of resistance above 30142.1, and by rule, any break above resistance is a buy signal. In this case, 31095.66, 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 31095.66, target 30114.39, Stop Loss @ 31168.21. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 31095.66 with a downside target of 30114.39. We should have a stop loss in place at 31168.21 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, 31095.66, 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 July 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for July 17:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	24963.83
P2	30114.23	30114.39	28979.31
P3	31095.66	31141.29	33300.19

AI Generated Signals for ~BTCUSD

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