BTC Update 07/06/2024, 53330(-6%)
BTC Update 07/06/2024, 53330(-6%)
Journaling days: 84
BTC printed its lowest 53329.5 at 11:19/07/05/24
BTC printed its highest 57533.4 at 07:50/07/05/24.
Journal time: July 5th-July 6th. 7am-7am UTC+7.
The gap from the highest to the lowest is -7.88%. The current session's BTC lowest level is -6.05% compared to yesterday's lowest price.
BTC Prediction for 07/06-07/07
Short target: 57544/ SL:58120 / TP:56679
Long target: 53318/ 3rd post:50651 /TP: 53184 (1/3)
After calculating all the risks, the projection is valid from 13:00 UTC+7, 07/06 and expires at 07:00 a.m. 07/07/24 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 07/05-07/06 #Merged
At 11:17, BTC crossed the second long target at 54719, resulting in my average price drop from 57601 to 56160
BTC Prediction for 07/04-07/05 (Update)#2
# 2. Drawdown: -5.04/ Unrealized profit: +1.49%
Stat: Long Opened (Avg: 56160/Tp: 60482):
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. I set these 2 trades with TP: 60482
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.