BTC Update 06/05/2024, 68596(+1.4%)
Journaling days: 53
BTC printed its lowest 68595.5 at 16:53/06/04/24
BTC printed its highest 71146.4 at 01:24/06/05/24.
Journal time: June 4th-June 5th. 7am-7am UTC+7.
The gap between the lowest and the highest is 3.71%. The current session's BTC lowest level is 1.40% compared to yesterday's lowest price.
BTC Prediction for 06/05-06/06
Short target: 71391
Long target: 68593
After calculating all the risks, the projection is valid from 11.15 a.m. 06/05 and expires at 07:00 a.m. 06/06/24 UTC+7.
Bias: Bullish.
I would select the long target 68593 if I don’t have any unfinished positions.
However, considering all my unfinished auctions, my next new position is "Short" with a price target of 75000.
BTC Prediction for 06/04-06/05 (Update)#Final
At 10:50 PM UTC+7, Bitcoin (BTC) surpassed the pre-determined short target price of 70374. As anticipated, this price action resulted in an unfavorable outcome for short positions held during the trading session. However, it's important to note that BTC only traded below this level for a limited window between 2:36 AM and 3:49 AM on June 5th.
BTC Prediction for 05/20-05/21 (Update)#16
Position (2): 70140. Limit order: Short.
#16. Drawdown: -1.41%
#15. Drawdown: -0.33%
#14. Up: +4.05
#13. Up: +3.79
#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)#20
Position (1): 66644. Limit order: Short.
#20. Drawdown: -6.3%
#19. Drawdown: -5.29%
#18. Drawdown: -2.7%
#17. Drawdown: -1.90%
#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.