BTC Update 06/01/2024, 66701(-0.69%)
Journaling days: 49
BTC printed its lowest 66700.5 at 23:19/05/31/24
BTC printed its highest 69080 at 19:38/05/31/24.
Journal time: May 31th-June 1st. 7am-7am UTC+7.
The gap between the highest and the lowest is -3.4%. The current session's BTC lowest level is -0.69% compared to yesterday's lowest price.
BTC Prediction for 06/01-06/02
Short target: 69082
Long target: 66698
After calculating all the risks, the projection is valid from 11.00 a.m. 06/01 and expires at 07:00 a.m. 06/02/24 UTC+7.
Bias: Bearish.
I would select the short target 69082 if I don’t have any unfinished positions.
Considering all my unfinished auctions, my new Short target is 75000.
BTC Prediction for 05/31-06/01 (Update)#Final
Bitcoin (BTC) reached its long target of $67165 at 11:00 PM UTC+7 on May 31st. However, the price subsequently dropped by approximately -0.69% at 11:19 PM. There was then a market rally that pushed BTC to $68059.4 (2:53 AM on June 1st). This resulted in an unrealized profit of +1.3% for long positions before consolidation around 67600 at the time of writing.
BTC Prediction for 05/20-05/21 (Update)#12
Position (2): 70140. Limit order: Short.
#12. Up: +4.9%
#11. Up: +4.23%
#10. Up: +4.29%
#9. Up: +4%
#8. Up: +2.6%
#7. Up: +2.52%
#6. Up: +2.3%
#5. Unrealized profit (Up): +4.9%
#4. Unrealized profit (Up): +5.6%
#3. Drawdown: -0.8%/ Up:+2%
#2. Drawdown: -2.84%/ Up:+1.38%
#1. Drawdown: Up: +1.76% / -2.18%
Take profit target: 65656 from previously 64000. When Bitcoin reaches the price target, it will also close my 05/16-05/17 short position.
BTC Prediction for 05/16-05/17 (Update)#16
Position (1): 66644. Limit order: Short.
#16. Drawdown: -0.08%
#15. Drawdown: -4.2%
#14. Drawdown: -3.3%
#13. Drawdown: -4.47%
#12. Drawdown: -4.98%
#11. Drawdown: -4.42%
#10. Drawdown: -4.46%
#9. Drawdown: -3.9%
#8. Drawdown: -5.2%/Up: +0.7%
#7. Drawdown: -6.1%
#6. Drawdown: -7.60%
#5. Drawdown: Up: +0.9%/ -7.54%
#4. Drawdown: -1.65%/Up: +1.21%
#3. Drawdown: -1.04%/Up: +0.21%
#2. Drawdown: -1.13% /Up: +2.3%
#1. Drawdown: -0.54% /Up: +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.