Bitcoin Predictions for November 2023 (Paid Version/Best Trades)

Kapproveb Alcyone
Oct 2, 2023
3 min read

Updated: Nov 2, 2023

Month’s Theme: Bumping up against resistance sideways.

Behavior Around the High: A rally into key resistance on a multi-day scale. From that resistance, we’ll break down with consecutively lower spikes up on the way down.

Behavior Around the Low: Sideways rotation around the low.

Exclusive Trade Opportunities for Subscribers:
- An opportunity to close a short position after a decline on the 3rd.
- An opportunity to open positions in both directions on the 8th.
- An opportunity to open a long position for a day trade on the 14th and close it at the end of the day.
- An opportunity to open a long position on the 19th and close it on the 21st.
- An opportunity to open a short position on the 19th and close it on the 20th.

Overview

We’ll likely have a highest high on the 1st in the midst of a breakout on a multi-day scale. That offers an opportunity to close a long position and open a short position. On the 2nd, there’s a prominent trough early in the day and then sideways rotation along key support on a multi-day scale. On the 3rd, we’ll have a rally into key resistance on a multi-day scale. We’ll then turn around and decline through key support. You could close a short position after that decline. On the 4th, there’s a prominent move higher and then a full retracement of that move. That decline continues into the 5th and is followed by a fast, sudden move higher later in the day. On the 6th, we’ll decline again and revisit a support level that we met once before. There’s another decline into a trough toward the end of the day on the 7th.

There’s a lot of price change on the 8th providing an opportunity to open positions in both directions. I would also close a short position on the 8th. On the 9th, we’ll revisit a support level with a sharp drop in the midst of sideways rotation. There’s a prominent trough on the 10th where we’ll decline to and through support to meet a second support and then rotate along that support level. There are opportunities to close a short position between the 11th and the 14th. We’ll have a decline on the 13th into a trough or lowest low on the 14th. That offers an opportunity to open a long position and close it at the end of the day.

On the 15th, there’s a brief peak that’s easily missed follow≥cline through key support. There’s a notable move into a peak or crest toward the end of the day on the 17th. That’s followed by a notable drop and prominent low early in the day on the 18th. That’s followed by some sideways rotation that ends with a fast, sudden move higher. On the 19th, there’s a lot of price change. There’s an opportunity to open a long position on the 19th and close it on the 21st. You could also open a short position on the 19th and close it on the 20th. There’s an opportunity to open a long position in the midst of a decline on the 20th and close it the following day.

There’s a peak or crest that we’ll sell off from to and through support on the 22nd. We’ll do a U-shaped reversal below support and then come back up and reuse it as support. A period of volatility on the 23rd ends with a fast, sudden move higher into a rally on the 24th. We’ll rally along a diagonal trend line, break through horizontal resistance to meet a second resistance, and then we’ll pull back to somewhere between those two price levels. There’s an important price level on the 25th where volume and volatility kind of flatten out. There’s mixed behavior within a channel in a sideways S-formation on the 26th. There’s a lot of price change on the 27th. On the 28th, I’m advised to be cautious and there’s a notable move higher toward the end of the day. There’s a prominent move higher through key resistance and then a full retracement back down.

On the 29th, there’s a prominent peak or crest toward the end of the day and a prominent move higher through key resistance followed by a full retracement back down. There’s a peak or crest at the beginning of the day on the 31st and some sideways rotation. There’s also a prominent trough on the 31st.

Sneak Preview

A sideways-fluctuating decline that precedes a rally.