Month’s theme: A move higher where we bump along resistance levels. We’ll also see some notable declines that will stand out on a one-month chart. We’ll reach a critical support level within those declines.
Behavior around the high: A critical resistance level on a one-year chart.
Behavior around the low: An attempt to reestablish support at a key support level on a one-year chart.
Trade opportunities:
A swing trade opportunity on the 1st involving multiple failed attempts to break through key resistance on a one-day chart.
A rally on the 4th offers an opportunity to open up a short position.
A swing trade opportunity on the 5th involving the halting of a bullish trend marked by a sharp decline through key support on at least a one-day chart.
A swing trade opportunity on the 6th involving a rally that increases with momentum moving forward into the day.
A swing trade opportunity on the 7th involving the halting of a bullish trend marked by a sharp decline through a key support level on at least a one-day chart.
A swing trade opportunity on the 8th that involves multiple failed attempts to break through key resistance.
A swing trade opportunity on the 13th that involves a period of volatility that ends with a sharp drop that will stand out on a one-day chart.
A swing trade opportunity on the 16th in the midst of a prominent decline.
A trade opportunity to open a long position in the midst of a decline on the 17th.
A significant trade opportunity toward the end of the day on the 19th or early on the 20th.
An opportunity to open up a short position for a swing trade on the 21st.
A swing trade opportunity involving a rally that offers an opportunity to open up a short position on the 24th.
An opportunity to open up a short position for a swing trade in the midst of a rally on the 27th.
Overview:
Week one (12/1-12/8):
On December 1st, we’ll see a period of volatility followed by a fast, sudden move to the upside. There’s also a swing trade opportunity on the 1st involving multiple failed attempts to break through key resistance on a one-day chart. On the 2nd, we’ll sell from a prominent peak or crest. We’ll fall pretty notably from that peak or crest on a one-month chart. On the 3rd, there will be three crisscrosses through the same price level confirming a bullish trend. On the 4th, we’ll have a notable rally higher that will stand out on a one-month chart. That rally offers an opportunity to open up a short position. It looks like we’ll go from a high in the afternoon on the 4th to a low on the morning of the 5th. There’s a swing trade opportunity on the 5th involving the halting of a bullish trend marked by a sharp decline through key support on at least a one-day chart. We’ll see a higher price level early in the morning on the 6th. We'll move higher through a resistance level, stay above it briefly, and then break back down through the same price level. There’s a swing trade opportunity on the 6th involving a rally that increases with momentum moving forward into the day. We may see a notable drop from the 6th into the morning of the 7th. On the 7th, there’s a breakout and a prominent high that will stand out. There’s a rally along a diagonal trend line that breaks through horizontal resistance to meet a secondary resistance level. There’s a swing trade opportunity on the 7th involving the halting of a bullish trend marked by a sharp decline through a key support level on at least a one-day chart. On the 7th and 8th, there are correlations to a notable drop to meet a key support level. That support level is a good buying opportunity. We’ll also have a notable decline through multiple support levels on a one-month chart on the 8th. There’s a swing trade opportunity on the 8th that involves multiple failed attempts to break through key resistance.
Week two (11/9-11/16):
On the 9th, we’ll see a notable move higher from the bottom of a range to the top of a range that stands out on a one-month chart. On the 10th, we’ll bump up against resistance. I’m advised to open up a short position as protection around that resistance level. On the 11th, the same resistance level as the 10th is highlighted. We’ll also likely see this resistance level highlighted on the 12th and 13th. We’ll have another prominent crest or peak on the 12th. There’s a swing trade opportunity on the 13th that involves a period of volatility that ends with a sharp drop that will stand out on a one-day chart. There’s another prominent peak or crest on the 14th. There will be some notable price swings and a holding pattern on the 15th. We’ll likely see a strong decline to reach a key support level after a failure to break through resistance on the 15th. Congress is highlighted on the 15th. On the 16th, there’s a notable move higher from oversold territory to to fill a previous gap down. That move higher is then followed by a prominent decline that will stand out on at least a one-month chart. This decline will offer an opportunity to open up a long position for a swing trade. This trade opportunity involves a period of volatility that ends with a sharp drop that will stand out on a one-day chart.
Week three (12/17-12/24):
There’s a trade opportunity to open a long position in the midst of a decline on the 17th. On the 18th, we’re bound by a range that’s on the scale of at least a one-month chart. There’s likely something that has to do with a male ruler or economics on the 18th or 19th. On the 19th, we’ll have a key reversal. We’ll also have an opportunity to sell the long position opened on the 17th at a peak toward the end of the day on the 19th or early on the 20th. There’s some sideways fluidity on the 20th with equal amounts of bulls and bears trading. I’m advised to open up protection toward the end of the day on the 20th or 21st. On the 21st, there’s a rally to meet a key resistance level on a one-month chart. We’ll then break down from that key resistance level with consecutively lower spikes up on the way down. There’s an opportunity to open up a short position for a swing trade on the 21st. The decline on the 21st continues into the 22nd with increased momentum, however at the end of the day on the 22nd there’s a notable move to the upside that stands out on a one-month chart. There’s a fast, sudden move higher on the 23rd that will move into a peak on the 24th. On the 24th, we’ll move higher through a resistance level into that peak, we stay above that price level briefly, and then we’ll break back down through that price level shortly thereafter. There’s a swing trade opportunity involving a rally that offers an opportunity to open up a short position on the 24th.
Week four (12/25-12/31):
We’ll see a notable move higher that pushes the upper end of a range on the 25th. On the 26th, we’ll have multiple headwinds pushing ETH lower. There will be multiple failed attempts to break through key resistance which offers a swing trade opportunity. We may see a notable drop on a one-month chart on the 26th. On the 27th, we’ll have a significant amount of price movement to the upside and a rally that increases with momentum. There’s an opportunity to open up a short position for a swing trade in the midst of that rally. On the 28th, we’ll establish a higher level of support. This is followed by a drop into a prominent trough toward the end of the day. On the 29th, we’ll fall through a key support level that we had recently fallen through. There are two swing trade opportunities on the 29th: one involves an opportunity to open up a short position within a rally. The other swing trade opportunity involves a period of volatility with a sharp dip within that period of volatility. We’ll decline on the 30th. On the 31st we’ll have another peak or crest after a significant move to the upside. There will be some bearish price swings out of that crest. There’s an agreement or merger of some kind that’s highlighted on the 31st. We’ll also likely see a notable drop to a key support level on the 31st.
Sneak preview:
For January, we’ll have erratic behavior back and forth through the same price level and revisit a crest that was recently a past opportunity. We’ll also have the beginning of a rally early in the month.
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