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How the price action of Bitcoin Futures May 2022 (~BTCUSD) is used to our Advantage

May 12, 2022 (Stock Traders Daily via COMTEX) --

Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Bitcoin Futures May 2022 (NASDAQ: ~BTCUSD) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for ~BTCUSD change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if ~BTCUSD is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

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

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for ~BTCUSD too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for ~BTCUSD
  • NONE.
  • Short ~BTCUSD under 35539.96, target n/a, stop loss @ 35642.6
Swing Trading Plans for ~BTCUSD
  • Buy ~BTCUSD over 30330.34, target 34216.13, Stop Loss @ 30242.75
  • Short ~BTCUSD near 30330.34, target n/a, Stop Loss @ 30417.93.
Day Trading Plans for ~BTCUSD
  • Buy ~BTCUSD over 29938.36, target 30330.34, Stop Loss @ 29868.51
  • Short ~BTCUSD near 29938.36, target 27933.97, Stop Loss @ 30008.21.

~BTCUSD Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Neutral
P1 0 0 35539.96
P2 27933.97 30330.34 45849.07
P3 29938.36 34216.13 56937.50

~BTCUSD Long Term Analysis for May 12 2022


~BTCUSD Swing Trading Analysis for May 12 2022


~BTCUSD Day Trading Analysis for May 12 2022

comtex tracking

COMTEX_407103193/2570/2022-05-12T12:54:18

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