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Bitcoin (BTC) July 2023 (Paid Version With Best Trades)

Updated: Jul 3, 2023




  • Month’s Theme: A rally that offers an opportunity to open a short position. That’s crossed with a prominent move higher standing out on a one-month chart.


  • Behavior Around the High: A rally increasing with momentum moving forward into the high.


  • Behavior Around the Low: A substantial move to the upside out of the low that stands out on at least a one-month chart.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position on the 1st and close it first thing in the morning on the 2nd.

    • An opportunity to open a long position on the 2nd or early in the day on the 5th. I would hold either of those until the 28th for a swing trade.

    • An opportunity to open a long position in the midst of a trough on the 25th.

    • A decline on the 25th offers an opportunity to open a short position. I would close that on the 28th.

    • An opportunity to open a short position on the 31st for a swing trade.



Overview


On the 1st, there’s a decline to meet a support level that will stand out on a multi-day chart. On the 2nd, there’s an unexpected move to the upside out of a trough. There’s a crest or peak that’s easily missed on the cusp of the 2nd and 3rd followed by a sharp decline through multiple support levels. On the 4th, we’ll move higher through resistance, stay above it briefly, and then break back down through the same price level shortly thereafter. On the 5th, there’s a notable move higher standing out on at least a one-month chart. On the 6th, there’s a selloff from a notable peak or crest on a one-month chart. That turns into a rally along a diagonal trend line into the 7th where we’ll then have a fast, sudden move higher taking us into a crest or peak toward the end of the day on the 7th. That move higher marks the end of that rally along a diagonal trend line and we’ll break down shortly thereafter with increasing volatility on the way down.


On the 8th, there’s a lot of price change and an opportunity to position oneself in both directions. There’s a trough at the end of the day and a big move to the upside out of that trough. On the 9th, we’ll have sideways fluctuations along a key support level. On the 10th, we’ll have a big move out of a trough that pushes the upper end of a range higher. On the 11th, we’ll have a significant decline through multiple support levels. On the 12th, there’s a sideways S-formation within a channel. On the 13th, there’s a failed attempt to break through key resistance on a multi-day scale followed by a decline through key support. On the 14th, we’ll have a period of sideways rotation and a sharp drop within that sideways rotation.


We’ll attempt to establish key support on the 15th. On the 16th, we’ll have more decline. Between the 17th and the 18th we’ll have a pretty significant trade opportunity. There’s an important support level in that time period as well as a lot of price change. On the 19th, we’ll have a prominent crest or peak that will stand out on a multi-day chart. On the 20th, there’s a fast, sudden move higher on a multi-day chart. We’ll reverse to the downside midday on the 21st.


Out of that decline, there’s a notable move higher from the bottom of a range to the top of a range on the 22nd. On the 23rd, there’s a prominent low that will stand out within a period of volatility with a sharp drop that will stand out within that volatility. On the 24th, we’ll establish support along a key support level and then have a prominent move higher off of that support and then reestablish support at a higher level. On the 25th, there’s a decline. There’s a prominent trough on the 26th and then a big move to the upside on the cusp of the 26th and 27th. That rally ends on the 27th and turns into a decline. Out of that decline on the 28th we have an unexpected move higher, even in the face of seemingly overwhelming headwinds. There’s a crest at the end of the day on the 28th that we’ll sell down from on the 29th through support. We’ll then do a U-shaped reversal and come back up to reuse that price level as support. On the 30th, there’s a decline to and through support to meet a second support level and then rotate sideways along that support. On the 31st, there’s a notable move higher on a multi-day scale with a breakout. We may have a highest high on the 31st.



Sneak Preview


In August, there’s a notable decline through multiple support levels.






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