How the price action of Bitcoin Futures September 2023 ($~BTCUSD) is used to our Advantage

September 22, 2023, 22:45 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 26989.21, target n/a, stop loss @ 27067.15 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 26989.21, 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 27067.15. 26989.21 is the first level of resistance above 26599.8, and by rule, any test of resistance is a short signal. In this case, if resistance 26989.21 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 26794.96, target 26989.21, Stop Loss @ 26717.58 Details

If 26794.96 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 26794.96, with an upside target of 26989.21. The data also tells us to set a stop loss @ 26717.58 in case the stock turns against the trade. 26794.96 is the first level of resistance above 26599.8, and by rule, any break above resistance is a buy signal. In this case, 26794.96, 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 26794.96, target n/a, Stop Loss @ 26872.34. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 26794.96 with a downside target of n/a. We should have a stop loss in place at 26872.34 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, 26794.96, 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 26661.40, target 26794.96, Stop Loss @ 26599.2 Details

If 26661.40 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 26661.40, with an upside target of 26794.96. The data also tells us to set a stop loss @ 26599.2 in case the stock turns against the trade. 26661.40 is the first level of resistance above 26599.8, and by rule, any break above resistance is a buy signal. In this case, 26661.40, 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 26661.40, target n/a, Stop Loss @ 26723.6. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 26661.40 with a downside target of n/a. We should have a stop loss in place at 26723.6 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, 26661.40, 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 September 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for September 22:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	26989.21
P2	26661.40	26794.96	30683.18
P3	27444.46	27696.96	34613.57

AI Generated Signals for ~BTCUSD

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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  Bitcoin Futures September 2023 (NASDAQ: ~BTCUSD) data table below can help you with price action, and we have more details too. Trading plans for ~BTCUSD 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.