Trading (BTF) With Integrated Risk Controls
October 31, 2024, 08:30 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BTF
- Buy BTF near 15.28 target 18.5 stop loss @ 15.24 Details
The technical summary data tells us to buy BTF near 15.28 with an upside target of 18.5. This data also tells us to set a stop loss @ 15.24 to protect against excessive loss in case the stock begins to move against the trade. 15.28 is the first level of support below 17.5644 , and by rule, any test of support is a buy signal. In this case, support 15.28 would be being tested, so a buy signal would exist.
- Short BTF slightly under 18.5, target 15.28, stop loss @ 18.55 Details
The technical summary data is suggesting a short of BTF as it gets near 18.5 with a downside target of 15.28. We should have a stop loss in place at 18.55though. 18.5 is the first level of resistance above 17.5644, and by rule, any test of resistance is a short signal. In this case, if resistance 18.5 is being tested, so a short signal would exist.
Swing Trading Plans for BTF
- Buy BTF slightly over 18.5, target 22.03, Stop Loss @ 18.45 Details
If 18.5 begins to break higher, the technical summary data tells us to buy BTF just slightly over 18.5, with an upside target of 22.03. The data also tells us to set a stop loss @ 18.45 in case the stock turns against the trade. 18.5 is the first level of resistance above 17.5644, and by rule, any break above resistance is a buy signal. In this case, 18.5, 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 18.5, target 17.55, Stop Loss @ 18.55. Details
The technical summary data is suggesting a short of BTF if it tests 18.5 with a downside target of 17.55. We should have a stop loss in place at 18.55 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, 18.5, 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 18.06, target 18.5, Stop Loss @ 18.02 Details
If 18.06 begins to break higher, the technical summary data tells us to buy BTF just slightly over 18.06, with an upside target of 18.5. The data also tells us to set a stop loss @ 18.02 in case the stock turns against the trade. 18.06 is the first level of resistance above 17.5644, and by rule, any break above resistance is a buy signal. In this case, 18.06, 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 18.06, target 17.55, Stop Loss @ 18.1. Details
The technical summary data is suggesting a short of BTF if it tests 18.06 with a downside target of 17.55. We should have a stop loss in place at 18.1 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, 18.06, 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 October 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
15.28 |
| P2 |
17.51 |
16.76 |
18.5 |
| P3 |
18.06 |
17.55 |
22.03 |
AI Generated Signals for BTF
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BTF:
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