BTC Update 06/04/2024, 67643(+0.5%)
BTC Update 06/04/2024, 67643(+0.5%)
Journaling days: 52
BTC printed its lowest 67642.6 at 07:37/06/03/24
BTC printed its highest 70372.9 at 20:49/06/03/24.
Journal time: June 3rd-June 4th. 7am-7am UTC+7.
The gap between the highest and the lowest is 4.03%. The current session's BTC lowest level is 0.51% compared to yesterday's lowest price.
BTC Prediction for 06/04-06/05
Short target: 70374
Long target: 67640
After calculating all the risks, the projection is valid from 10:00 a.m. 06/04 and expires at 07:00 a.m. 06/05/24 UTC+7.
Bias: Bullish.
I would select the long target 67640 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 06/03-06/04 (Update)#Final
Bitcoin (BTC) breached the short target level, reaching 68848 at 9:00 AM UTC+7. This resulted in an unrealized profit of approximately 0.40% around 10:00 AM. The short position was subsequently closed, incurring a drawdown of -2.16%. This occurred as BTC printed its session high of 70372.9.
Currently, BTC is trading around 69100. While I believe a significant drop to the 66000 level is unlikely in the near future, the market remains unpredictable.
BTC Prediction for 05/20-05/21 (Update)#15
Position (2): 70140. Limit order: Short.
#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)#19
Position (1): 66644. Limit order: Short.
#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.