Bitcoin Futures June 2022 ~BTCUSD Trading Signals

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Source: Stock Traders Daily

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 under 30554.47, target n/a, stop loss @ 30642.71 Details
  • The technical summary data is suggesting a short of ~BTCUSD as it gets near 30554.47, 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 30642.71. 30554.47 is the first level of resistance above 20702.6, and by rule, any test of resistance is a short signal. In this case, if resistance 30554.47 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD
  • Buy ~BTCUSD over 20869.81, target 30554.47, Stop Loss @ 20809.54 Details
  • If 20869.81 begins to break higher, the technical summary data tells us to buy ~BTCUSD just over 20869.81, with an upside target of 30554.47. The data also tells us to set a stop loss @ 20809.54 in case the stock turns against the trade. 20869.81 is the first level of resistance above 20702.6, and by rule, any break above resistance is a buy signal. In this case, 20869.81, 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 near 20869.81, target 16969.78, Stop Loss @ 20930.08. Details
  • The technical summary data is suggesting a short of ~BTCUSD if it tests 20869.81 with a downside target of 16969.78. We should have a stop loss in place at 20930.08 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, 20869.81, 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 over 20869.81, target 30554.47, Stop Loss @ 20821.12 Details
  • If 20869.81 begins to break higher, the technical summary data tells us to buy ~BTCUSD just over 20869.81, with an upside target of 30554.47. The data also tells us to set a stop loss @ 20821.12 in case the stock turns against the trade. 20869.81 is the first level of resistance above 20702.6, and by rule, any break above resistance is a buy signal. In this case, 20869.81, 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 near 20869.81, target 16969.78, Stop Loss @ 20918.5. Details
  • The technical summary data is suggesting a short of ~BTCUSD if it tests 20869.81 with a downside target of 16969.78. We should have a stop loss in place at 20918.5 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, 20869.81, 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.

~BTCUSD Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Weak Weak Weak
P1 0 0 30554.47
P2 19979.09 16969.78 41520.84
P3 21171.41 20869.81 53250.79

Trading Bitcoin Futures June 2022 (NASDAQ: ~BTCUSD) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ~BTCUSD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ~BTCUSD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ~BTCUSD too.  All of these are offered below the Summary Table.

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Fundamental Charts for~BTCUSD