BTC Update 05/17/2024, 66800(+5.3%)
Journaling days: 34
BTC printed its lowest 64567 at 00:38/05/17/24
BTC printed its highest 66800 at 19:30/05/16/24.
Journal time: May 16th-17th. 7am-7am UTC+7.
The gap between the Lowest and the Highest is 3.45%. The current session's BTC lowest level is +5.3% compared to yesterday's lowest price.
BTC Prediction for 05/17-05/18
Short target: 66800
Long target: 64567
Prediction active at 10:00 am 05/17 and expired at 07:00am 05/18/24 UTC+7.
Bias: Bearish. If I had only 1 choice between the two options above, I would select the "short" target 66800.
Personal note:
Since I currently have an open "short" position at 66644. I won't be opening a new short position at 66800. I would open a new short +5% of 66800 or 70.140. This plan expires at 07.00am on May 18th.
BTC Prediction for 05/16-05/17 (Update)#1
Position: 66644. Limit order: Short.
#1. Drawdown: -0.54% (Unrealized profit: +3.1%)
BTC crossed the first bearish target, 66440, at 18:59 (05/16) and the moderate bearish target, 66644, at 19:30. Considering the prediction active timing (10:00am), I take the moderate target in this journal. Target take profit: 64000.
Am I feeling too greedy setting up 64k as my TP target?
You bet I am. But we'll see.