Trading Bitcoin Futures October 2023 $~BTCUSD With Integrated Risk Controls

October 02, 2023, 12:30 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 27064.16 target 30736.80 stop loss @ 26986 Details

The technical summary data tells us to buy ~BTCUSD near 27064.16 with an upside target of 30736.80. This data also tells us to set a stop loss @ 26986 to protect against excessive loss in case the stock begins to move against the trade. 27064.16 is the first level of support below 28082.8 , and by rule, any test of support is a buy signal. In this case, support 27064.16 would be being tested, so a buy signal would exist.

• Short ~BTCUSD slightly under 30736.80, target 27064.16, stop loss @ 30825.57 Details

The technical summary data is suggesting a short of ~BTCUSD as it gets near 30736.80 with a downside target of 27064.16. We should have a stop loss in place at 30825.57though. 30736.80 is the first level of resistance above 28082.8, and by rule, any test of resistance is a short signal. In this case, if resistance 30736.80 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD

• Buy ~BTCUSD slightly over 30736.80, target 34698.21, Stop Loss @ 30648.03 Details

If 30736.80 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 30736.80, with an upside target of 34698.21. The data also tells us to set a stop loss @ 30648.03 in case the stock turns against the trade. 30736.80 is the first level of resistance above 28082.8, and by rule, any break above resistance is a buy signal. In this case, 30736.80, 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 30736.80, target 27244.08, Stop Loss @ 30825.57. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 30736.80 with a downside target of 27244.08. We should have a stop loss in place at 30825.57 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, 30736.80, 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 30736.80, target 34698.21, Stop Loss @ 30665.09 Details

If 30736.80 begins to break higher, the technical summary data tells us to buy ~BTCUSD just slightly over 30736.80, with an upside target of 34698.21. The data also tells us to set a stop loss @ 30665.09 in case the stock turns against the trade. 30736.80 is the first level of resistance above 28082.8, and by rule, any break above resistance is a buy signal. In this case, 30736.80, 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 30736.80, target 27496.74, Stop Loss @ 30808.51. Details

The technical summary data is suggesting a short of ~BTCUSD if it tests 30736.80 with a downside target of 27496.74. We should have a stop loss in place at 30808.51 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, 30736.80, 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 October 2023 (~BTCUSD) available here: ~BTCUSD.

~BTCUSD Ratings for October 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	27064.16
P2	26965.93	26386.63	30736.80
P3	27496.74	27244.08	34698.21

AI Generated Signals for ~BTCUSD

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Bitcoin Futures October 2023 (NASDAQ: ~BTCUSD) report below can help you, but we have more details too. The trading plans for ~BTCUSD, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.