BTC Update 05/24/2024, 66157(-3.7%)
Journaling days: 41
BTC printed its lowest 66156.6 at 03:00/05/24/24
BTC printed its highest 70133.3 at 19:09/05/23/24.
Journal time: May 23th-24th. 7am-7am UTC+7.
The gap between the Lowest and the Highest is 6%. The current session's BTC lowest level is -3.7% compared to yesterday's lowest price.
BTC Prediction for 05/24-05/25
Short target: 70135
Long target: 65154
Prediction active at 10:00 am 05/24 and expired at 07:00am 05/25/24 UTC+7.
Bias: Bearish.
I would select the "short" target 70135 if I don’t have any unfinished positions.
BTC Prediction for 05/23-05/24 (Update)#Final
At 20:38 on 05/23/24, BTC crossed the long target of 68734 and continued bearish until it printed its lowest price of the day before printing 68388 on the chart at 04:10. At the time of writing this update, BTC remained under 68700. Since BTC did not cross my "short" target of the prediction, I tagged the updated "final."
BTC Prediction for 05/20-05/21 (Update)#4
Position: 70140. Limit order: Short.
#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)#8
Position: 66644. Limit order: Short.
#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.
This session is another nervous day because 2 short positions are already crossing their profitable line. However, since it is the weekend when BTC commonly has low volatility, I expect to have more selling pressure that would be strong enough to push BTC to cross the 64k area. We'll see..