BTC Update 06/07/2024, 70102(-0.45%)
Journaling days: 55
BTC printed its lowest 70101.9 at 03:02/06/07/24
BTC printed its highest 71714.8 at 22:28/06/06/24.
Journal time: June 5th-June 6th. 7am-7am UTC+7.
The gap from the highest to the lowest is -2.3%. The current session's BTC lowest level is -0.45% compared to yesterday's lowest price.
BTC Prediction for 06/07-06/08
Short target: 71716
Long target: 70098
After calculating all the risks, the projection is valid from 10:00 a.m. 06/07 and expires at 07:00 a.m. 06/08/24 UTC+7.
Bias: Bearish.
I would select the long target 71716 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 06/06-06/07 (Update)#Final
In the session, Bitcoin failed to cross the "short" target but surprisingly passed the "long" target" 70421 briefly from 03:01 AM to 03:14. From that time until the closing session, Bitcoin had printed unrealized profit +0.8% when Bitcoin printed 70988 at 06:05 AM. In conclusion, the session is moving sideways and only leaves little room for profit generation, and I expect Bitcoin to continue moving sideways in the current session. We'll see.
BTC Prediction for 05/20-05/21 (Update)#18
Position (2): 70140. Limit order: Short.
#18. Drawdown: -2.19%
#17. Drawdown: -2.4%
#16. Drawdown: -1.41%
#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)#22
Position (1): 66644. Limit order: Short.
#22. Drawdown: -7%
#21. Drawdown: -7.7%
#20. Drawdown: -6.3%
#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.