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April 2023 Bitcoin (BTC) Predictions and Trades (Public Version)

Updated: May 23, 2023



  • Month’s Theme: A significant decline.


  • Behavior Around the High: We’ll sell off from a crest down to and through a key support level on a one-month scale. We’ll then do a U-shaped reversal below that support level and then come back up to reuse it as support.


  • Behavior Around the Low: We’ll have a notable move to the upside out of oversold territory with the possibility of a short squeeze out of the low.



Overview



Week One (4/1-4/8)


On April 1st, there’s a reversal that presents an opportunity. On the 2nd, there’s a lot of price movement and a notable decline early in the day into a prominent trough. That’s followed by a fast, sudden move higher marking the end of that decline. There’s some erratic price behavior between the 3rd and the 4th. We’ll revisit a crest that’s an opportunity. On the 4th, there’s a significant move to the upside out of a trough where we break out on a one-month scale. On the 5th, we’ll decline pretty notably again and attempt to reestablish support. On the 6th, there’s a notable price level highlighted and a lot of price change around that price level. On the 7th, there’s a prominent move higher followed by a full retracement back down. On the 8th, there’s an important technical price level.



Week Two (4/9-4/15)


On the 9th, we’ll possibly have one of the highest probable locations of the lowest low. On the 10th, we’ll have an overbought crest or peak that we sell off from. That decline continues on the 11th with a prominent trough and a decline through multiple support levels. There’s more of a decline on the 12th where we have a prominent low or most likely the lowest low thus far. We’ll move to and through a support level to meet a second support level and then rotate sideways along key support. There are multiple failed attempts to break through key resistance on the 13th. There’s a prominent crest or peak that forms in the midst of those failed attempts to break through key resistance. There’s an opportunity on the 14th. On the 15th, there’s a notable move to the upside, even in the face of seemingly overwhelming headwinds.



Week Three (4/16-4/22)


On the 16th, there’s a decline through multiple support levels into a prominent trough or low toward the end of the day. There’s a day trade opportunity on the 17th that I’ll talk about in the paid version. There’s a notable move higher on the 17th after declining through a support level that we recently declined through once before. That takes us to a notable crest or peak. On the 18th, we’ll revisit a support level after a sharp drop within a period of sideways rotation. Around the 18th or 19th, there’s either a low that we’ve seen already or a lower low. There’s a notable move to the upside on the 19th. There’s a sharp drop on the 20th within a period of sideways fluctuations. We’ll meet a support level that’s key on a one-month chart. On the 21st, we’ll come to a prominent trough or low. We’ll move into another prominent crest on the 22nd and have a sharp drop in a period of bearish price swings.



Week Four (4/23-4/29)


There’s a period of volatility on the 23rd that’s marked by a fast, sudden move higher. On the 24th, there’s a solid support level established. On the 25th, there’s a big move higher that will stand out on a one-month chart followed by an establishment of support at a higher price level. On the 26th, it looks like there’s a strong resistance level that we’ll come up against. This is most likely the highest high for the month toward the end of the day. On the 27th, I’m advised to be cautious due to multiple false bottoms. On the 28th, we’ll most likely revisit a support level after a decline. Out of that decline at some point between the 28th and the 29th, there is a bit of a rally, however it’s halted by a sharp decline through key support on the scale of a one-month chart. That decline will take us to a prominent through on the 30th, out of which there’s a big move to the upside.



Sneak Preview


In May, there’s an agreement between two leaders that’s likely highlighted.




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