Bitcoin Futures May 2022 ~BTCUSD Investment Analysis

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Source: Stock Traders Daily

Longer Term Trading Plans for ~BTCUSD
  • Buy ~BTCUSD over 35660.30 target 45882.88 stop loss @ 35557.31 Details
  • The technical summary data tells us to buy ~BTCUSD near 35660.30 with an upside target of 45882.88. This data also tells us to set a stop loss @ 35557.31 to protect against excessive loss in case the stock begins to move against the trade. 35660.30 is the first level of support below 38456.9 , and by rule, any test of support is a buy signal. In this case, support 35660.30 would be being tested, so a buy signal would exist.

  • Short ~BTCUSD under 45882.88, target 35660.30, stop loss @ 46015.39 Details
  • The technical summary data is suggesting a short of ~BTCUSD as it gets near 45882.88 with a downside target of 35660.30. We should have a stop loss in place at 46015.39though. 45882.88 is the first level of resistance above 38456.9, and by rule, any test of resistance is a short signal. In this case, if resistance 45882.88 is being tested, so a short signal would exist.

Swing Trading Plans for ~BTCUSD
  • Buy ~BTCUSD over 39661.97, target 45882.88, Stop Loss @ 39547.43 Details
  • If 39661.97 begins to break higher, the technical summary data tells us to buy ~BTCUSD just over 39661.97, with an upside target of 45882.88. The data also tells us to set a stop loss @ 39547.43 in case the stock turns against the trade. 39661.97 is the first level of resistance above 38456.9, and by rule, any break above resistance is a buy signal. In this case, 39661.97, 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 39661.97, target 37645.13, Stop Loss @ 39776.51. Details
  • The technical summary data is suggesting a short of ~BTCUSD if it tests 39661.97 with a downside target of 37645.13. We should have a stop loss in place at 39776.51 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, 39661.97, 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 39253.49, target 39661.97, Stop Loss @ 39161.91 Details
  • If 39253.49 begins to break higher, the technical summary data tells us to buy ~BTCUSD just over 39253.49, with an upside target of 39661.97. The data also tells us to set a stop loss @ 39161.91 in case the stock turns against the trade. 39253.49 is the first level of resistance above 38456.9, and by rule, any break above resistance is a buy signal. In this case, 39253.49, 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 39253.49, target 38071.63, Stop Loss @ 39345.07. Details
  • The technical summary data is suggesting a short of ~BTCUSD if it tests 39253.49 with a downside target of 38071.63. We should have a stop loss in place at 39345.07 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, 39253.49, 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 Neutral
P1 0 0 35660.30
P2 38071.63 37645.13 45882.88
P3 39253.49 39661.97 56908.66

With an objective approach to Bitcoin Futures May 2022 (NASDAQ: ~BTCUSD), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

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