Month’s Theme: A decline through multiple support levels.
Behavior Around the High: A U-shaped dip that forms near the intersection of two perpendicular diagonal trend lines.
Behavior Around the Low: Three crisscrosses back and forth through the same price level.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position on the 7th or the 8th.
An opportunity to open a short position on the 11th. You could close it the same day at the end of the day.
An opportunity to open a short position on the cusp of the 19th/20th. I would close that on the 23rd or early in the day on the 26th.
An opportunity to open a short position on the 25th to close in the beginning of the day on the 26th.
Overview
On the 1st, we’ll likely have two local highs and one local low. On the 2nd, there’s a prominent move higher followed by a full retracement of that move back down. On the 3rd, we’ll have a trough in the midst of volatility. On the 4th, we have a notable decline into another prominent trough. We’ll come into a peak or crest on the 5th. We’ll then have three pokes through the same price level and then a sharp drop after the third poke taking us to a trough on the cusp of the 5th/6th. On the 6th, there’s an important price level on a one-year scale. There’s an unexpected move higher on the 7th that may start out of a decline.
On the 8th, there’s a crest that we sell down from and then do a U-shaped reversal where we’ll come back up and reuse that price level as support. On the 9th, there’s a rally out of a trough that increases with momentum moving forward in time. We’ll come into a crest or peak on the cusp of the 9th/10th that we’ll sell off from pretty notably. We’ll continue to sell off into a trough on the 10th where we’ll have another move to the upside into a peak or crest. On the 11th, there’s a lot of price change to the downside, possibly with other cryptos as well. On the 12th, there’s an important resistance level highlighted. We’ll then have sideways fluidity on the 13th. On the 14th, there’s a notable move to the upside on a multi-day scale.
There’s a significant and improbable move to the downside on the 15th. On the 16th, we’ll have a rally to the upside. On the 17th, there’s a sideways-fluctuating rally that precedes a decline. There’s a notable trough on the 18th where we’ll have a period of sideways rotation. On the 19th, there’s a big move to the upside early in the day. Into the 20th, there’s a rally into a peak or crest, however we’ll have a notable decline off of that early in the day into the 21st.
On the 22nd, there’s a move higher followed by sideways rotation on the 23rd. We’ll likely have a lowest low in the midst of that sideways rotation. We’ll then have a fast, sudden move higher taking us into a peak or crest on the 24th. There’s a brief peak that’s easily missed around the 25th. We’ll sell off through multiple support levels off of that peak. There’s a trough early in the day on the 26th. The decline ends on the 27th with a fast, sudden move higher. On the 28th, we’ll push the upper end of a range higher. On the 29th, we’ll have multiple failed attempts to break through key resistance and then decline pretty notably. On the 30th, we’ll have a prominent move higher and a full retracement of that move back down.
Sneak Preview
In October, we’ll have a notable move from the bottom of a range to the top of a range.
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