BTC Update 05/31/2024, 67167(-0.05%)
BTC Update 05/31/2024, 67167(-0.05%)
Journaling days: 48
BTC printed its lowest 67167 at 15:23/05/30/24
BTC printed its highest 69568.9 at 00:55/05/31/24.
Journal time: May 30th-31th. 7am-7am UTC+7.
The gap between the lowest and the highest is 3.57%. The current session's BTC lowest level is -0.05% compared to yesterday's lowest price.
BTC Prediction for 05/31-06/01
Short target: 69570
Long target: 67165
After calculating all the risks, the projection is valid from 10:00 a.m. 05/31 and expires at 07:00 a.m. 06/01/24 UTC+7.
Bias: Bearish.
I would select the short target 67165 if I don’t have any unfinished positions.
Considering all my unfinished auctions, my new Short target is 75000.
BTC Prediction for 05/30-05/31 (Update)#Final
Bitcoin (BTC) reached its short target of $68985 at 12:23 AM on May 30th. However, the price rose by about -0.8% before crossing below the short target at 2:35 AM. After that, the price action resulted in an unrealized profit of +1.32% when BTC touched $68068.8 at 3:10 AM.
BTC Prediction for 05/20-05/21 (Update)#11
Position (2): 70140. Limit order: Short.
#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)#15
Position (1): 66644. Limit order: Short.
#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.