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BTC Predictions for December 2023 (Paid Version/Best Trades)

Updated: Apr 24



  • Month’s Theme: A rally into key resistance on a multi-day scale that we’ll break down from with consecutively lower spikes up on the way down. That’s crossed with sideways rotation on a multi-day scale where we’ll rise to meet the nearest resistance and then fall back down to continue rotation along support.


  • Behavior Around the High: Price swings around the high.


  • Behavior Around the Low: A period of decline that ends with a fast, sudden move higher.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position before a big move higher on the 2nd. You could close that either at the end of the day or after a fast, sudden move higher on the 3rd.

    • An opportunity to open a long position on the 6th toward the end of the day or early in the day on the 7th.

    • An opportunity to open a short position on the 9th and close it on the 23rd.

    • An opportunity to open a short position at a peak on the 11th and close it on the 12th.

    • An opportunity to open a long position on the 12th. I would close that on the 13th.

    • An opportunity to open a short position before a notable decline on the 15th. I would close it after declining to a support level on the 16th.

    • An opportunity to open a short position toward the end of the day on the 19th. You could close that on the 21st after a notable decline.

    • An opportunity to open a long position late morning on the 23rd. There’s a crest or peak where you could close that long position on the 24th.



Overview


On the 1st, we’ll have a rally along a diagonal trend line that ends with a fast, sudden move higher and then a breakdown through that diagonal trend line. On the 2nd, there’s an important support level highlighted. There’s a lot of price change and a prominent trough as well as a prominent peak. On the 3rd, there’s a fast, sudden move higher on a multi-day scale. On the 4th, we’ll have a failed attempt to break through key resistance followed by a decline through key support. On the 5th, there’s a notable move higher followed by a full retracement of that move back down. On the 6th, there’s a failed attempt to break through key resistance on a multi-day scale followed by a decline through key support. There’s an opportunity to open a short position on the 6th. On the 7th, there’s a big move out of a decline from the bottom of a range to the top of a range.


On the 8th, we’ll revisit a recent high. You could close out of a long position and open a short position on the 8th. There’s a significant move to the downside off of that high on the 8th. On the 9th, we’ll close higher than we opened. On the 10th, we’ll have sideways rotation along key support on a multi-day scale. There’s a prominent trough toward the end of the day on the 10th. On the 11th, there’s a prominent peak or crest at the beginning of the day after a notable move higher. On the 12th, there’s a move higher through resistance on a multi-day scale followed by a full retracement of that move back down. There’s an important support level on a one-year scale on the 13th. We’ll then have a big move off of that support level to create a peak or crest. On the 14th, we’ll decline from resistance, to support, back to resistance, and then back to support.


On the 15th, there’s a notable decline on a multi-day scale taking us to a support level that we’ve met once before. There’s an opportunity to open a short position before that decline. On the 16th, we’ll revisit a support level that was recently a passed opportunity. I would close the short position after we decline to that support level. On the 17th, there’s a decline that increases with momentum moving forward throughout the day. On the 18th, we’ll have a notable breakout on a multi-day scale. That rally continues into the 19th where we’ll have a notable crest or peak toward the end of the day. That crest or peak offers an opportunity to open a short position. On the 20th, we’ll decline pretty notably early in the day. That’s likely followed by another move to the upside. On the 21st, we’ll decline further into a prominent trough. You could exit the short position after that decline.


On the 22nd, there’s a peak midday followed by another notable decline. There’s likely a lowest low late morning on the 23rd that offers an opportunity to open a long position. On the 24th, there’s a break through horizontal resistance to meet a second resistance level. We’ll then pull back to somewhere between those two price levels. That price level at a crest or peak offers an opportunity to exit out of the long position. There’s likely a sharp drop at the end of the day on the 24th or on the morning of the 25th. There’s a notable fake out/shake out on the 25th. We’ll have multiple failed attempts to break through key resistance on the 26th. On the 27th, there’s a prominent peak or crest. There’s sideways rotation on the 28th that ends with a fast, sudden move higher. We’ll then decline around the 29th to meet support and then rotate sideways along support. On the 30th, there’s a sharp drop that stands out within a period of volatility. On the 31st, there’s a U-shaped dip that forms around the intersection of two perpendicular diagonal trend lines.



Sneak Preview


A notable move higher out of a trough in January.



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