BTC Update 07/05/2024, 56560(-4.84%)
BTC Update 07/05/2024, 56560(-4.84%)
Journaling days: 83
BTC printed its lowest 56560 at 06:41/07/05/24
BTC printed its highest 60500 at 08:05/07/04/24.
Journal time: July 4th-July 5th. 7am-7am UTC+7.
The gap from the highest to the lowest is -6.96%. The current session's BTC lowest level is -4.84% compared to yesterday's lowest price.
BTC Prediction for 07/05-07/06
Short target: 60510/ SL:61116 /TP: 59601
Long target: 53318/ 3rd post:50651 /TP: 53184 (1/3)
After calculating all the risks, the projection is valid from 13:00 UTC+7, 07/05 and expires at 07:00 a.m. 07/06/24 UTC+7.
Bias: Bullish
I would select the long target (53318) if I had to choose one of the options above.
PS: I plan not to open a new position at 53318 because I already bought at 54719. My next long target, or the 3rd position, is when Bitcoin crossed 50651.
BTC Prediction for 07/04-07/05 (Update)#1
# 1. Drawdown: -1.44%/ Unrealized profit: +2.08%
Long Opened:
57601 (15:40/July 4th)
54719 (11:17/July 5th)
Bitcoin crossed the long target (57601) at 15:40 July 4th (UTC+7) and, as anticipated, continued to open the second long position (54719) at 11:17 July 5th.
The plan is to buy more Bitcoin when the market is panic selling.
In the current session, BTC is at its monthly low trading level, and I believe it is the best time to stack more Bitcoin. In case more selling pressure occurs, I set another long position targeting 50651.