BTC Update 05/27/2024, 68370(-0.2%)
BTC Update 05/27/2024, 68370(-0.2%)
Journaling days: 44
BTC printed its lowest 68369.9 at 04:32/05/27/24
BTC printed its highest 69590.3 at 15:15/05/26/24.
Journal time: May 26th-27th. 7am-7am UTC+7.
The gap between the Lowest and the Highest is 1.78%. The current session's BTC lowest level is -0.22% compared to yesterday's lowest price.
BTC Prediction for 05/27-05/28
Short target: 69592
Long target: 68365
After calculating all the risks, the projection is valid from 10:10 a.m. 05/27 and expires at 07:00 a.m. 05/28/24 UTC+7.
Bias: Bearish.
I would select the short target 69592 if I don’t have any unfinished positions.
Considering all my unfinished auctions, my new Short target is 75000.
BTC Prediction for 05/26-05/27 (Update)#Final
BTC broke the long target line 68521 at 04:32/05/27, left a drawdown of -0.5%, and repeated the negative maneuver once more for the last time during the 05/27 session at 06:47. When writing this update, BTC already arrived at 69100 territory, leaving the "long" target, if taken, an unrealized profit around +0.80%.
As per my strategy, I chose not to take the long position. Therefore, it can be concluded that the session is #final without any changes to my previous positions.
BTC Prediction for 05/20-05/21 (Update)#7
Position (2): 70140. Limit order: Short.
#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)#11
Position (1): 66644. Limit order: Short.
#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.