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

Updated: Jun 4, 2023



  • Month’s Theme: A period of sideways rotation and an important support level on a one-month scale is highlighted. We’ll increase with bullish momentum as we move forward into the month.


  • Behavior Around the High: I’ll be looking for a rally along a diagonal trend line where we break through horizontal resistance to meet a secondary resistance and then we’ll fall back to somewhere between those two price levels.


  • Behavior Around the Low: A holding pattern with a pop and drop or congress highlighted around the low.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity at a low between the 2nd and the 5th to open a long position. You could hold that for a swing trade until the cusp of the 23rd and 24th. More risky would be to hold until the 25th.

    • An opportunity to open a long position at a trough for a day trade on the 22nd in the midst of a notable decline. I would hold that until a fast, sudden move higher marking the end of a rally along a diagonal trend line.

    • An opportunity to open both a short and long position at different times on the 24th. I would close the short position on the 26th and the long position on the 29th.



Overview


On the 1st, we’ll have a notable and unexpected move higher with a brief peak that’s easily missed. Around the 2nd, we’ll sell off through multiple support levels. We’ll see a near overbought peak or crest that we’ll sell off from on the 3rd. There’s a prominent trough and possibly a lowest low for the month around the 4th or 5th. On the 5th, we’ll have a prominent move higher out of the low and then we’ll establish support at a higher level. There’s a peak or crest that we’ll sell off from early on the 6th. We’ll move into a trough on the 7th and there’s a big move out of that trough midday. I’m advised to be cautious around that.


As we enter the 8th, we’ll have sideways rotation along key support. That rotation will end with a fast, sudden move higher on the 8th. That’s followed by a decline through multiple support levels on the 9th. On the 10th, there’s a period of volatility and a sharp drop within that volatility. We’ll move back up a bit but I’m advised not to chase. We’ll likely gap up on the 11th and then decline through multiple support levels. On the 12th, there’s a rally out of a prominent trough to meet resistance briefly and then break back down with a full retracement. On the 13th, we’ll likely gap up and then decline to a support level where we’ll establish support. On the 14th, there’s a move higher followed by establishment of support at a higher level. We’ll likely see a sharp drop around the 14th and 15th.


On the 15th, there’s some sideways fluidity. On the 16th, there’s a notable move to the upside that stands out on a one-month chart. There’s a failed attempt to break through key resistance on the 17th followed by a decline through key support. There’s also a significant move to the upside on the 17th. On the 18th, there’s a period of sideways rotation along key support on a one-month chart. We’ll rise to meet the nearest resistance and then fall back down and continue rotating along support. On the 19th, there’s an important resistance level highlighted. On the 20th, there’s a breakout. On the 21st, there’s a failed attempt to break through a previously established resistance level.


There’s an important trough on the 22nd. On the 23rd, there’s a significant rally and we’ll most likely have a highest high for the month. There’s a halting of a bullish trend on the 23rd or 24th marked by a decline through key support. There’s a lot of price change and an important resistance level on the 24th. There’s a lot of price change on the 25th as well. On the 26th, there’s a period of volatility that ends with a fast, sudden move higher. We’ll then sell off from that down into a trough. On the 27th, there’s a period of sideways rotation along support and a sharp drop within that period of rotation. There’s a decline around the cusp of the 27th and 28th. Out of a decline on the 28th, there’s a notable move higher from the bottom to the top of a range. That rally continues on the 29th. On the 30th, there’s a move higher and a peak or crest toward the end of the day, possibly around an important speech.

















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