BTC Update 05/23/2024, 68737(-0.6%)
BTC Update 05/23/2024, 68737(-0.6%)
Journaling days: 40
BTC printed its lowest 68736.8 at 04:09/05/23/24
BTC printed its highest 70715.4 at 23:15/05/22/24.
Journal time: May 22th-23th. 7am-7am UTC+7.
The gap between the Lowest and the Highest is 2.87%. The current session's BTC lowest level is -0.61% compared to yesterday's lowest price.
BTC Prediction for 05/23-05/24
Short target: 70717
Long target: 68734
Prediction active at 10.00 am 05/23 and expired at 07:00am 05/24/24 UTC+7.
Bias: Bearish.
I would select the "short" target 70717 if I don’t have any unfinished positions.
BTC Prediction for 05/22-05/23 (Update)#Final
At 04:09 (05/23), BTC crossed the long target (69165), but as of this update, BTC still needs to give the target +1% unrealized profit. My gut said BTC would have another selling pressure today (but of course, it is just a random hypothesis not backed by professional market analysis, so take what I said with a large pinch of salt). However, per the rule book, I did not plan to take any trade on that date, so I officially marked the trade as final.
BTC Prediction for 05/20-05/21 (Update)#3
Position: 70140. Limit order: Short.
#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)#7
Position: 66644. Limit order: Short.
#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.