BTC Update 06/08/2024, 68405(-2.4%)
Journaling days: 56
BTC printed its lowest 68405 at 01:14/06/08/24
BTC printed its highest 72144 at 19:30/06/07/24.
Journal time: June 7th-June 8th. 7am-7am UTC+7.
The gap from the highest to the lowest is -5.18%. The current session's BTC lowest level is -2.4% compared to yesterday's lowest price.
BTC Prediction for 06/08-06/09
Short target: 72146
Long target: 68403
After calculating all the risks, the projection is valid from 11:30 a.m. 06/08 and expires at 07:00 a.m. 06/09/24 UTC+7.
Bias: Bearish.
I would select the long target 72146 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 06/07-06/08 (Update)#Final
This time, the price projection materialized, and the bear pulled the market down into a negative cluster. It was a surprising day. Bitcoin breached 71716 for the first time at 18:55 but only lasted 35 minutes.
At 19:30, after printing 72144, Bitcoin dropped to 70869.7 before closing the candle at 71338. At the end of the session, Bitcoin claimed 68405 as the lowest price, which brought our price projection an unrealized profit of +4.6%. The rule said that the opposite position must be closed immediately when one position is opened. The rule worked as intended this time.
BTC Prediction for 05/20-05/21 (Update)#19
Position (2): 70140. Limit order: Short.
#19. Drawdown:-2.85%, Unrealized profit: +2.47%
#18. Drawdown: -2.19%
#17. Drawdown: -2.4%
#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)#23
Position (1): 66644. Limit order: Short.
#23. Drawdown: -8.25%
#22. Drawdown: -7%
#21. Drawdown: -7.7%
#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.