BTC Update 07/09/2024, 54244(-2.59%)
Journaling days: 87
BTC printed its lowest 54243.1 at 08:21/07/08/24
BTC printed its highest 58200 at 16:02/07/08/24.
Journal time: July 8th-July 9th. 7am-7am UTC+7.
The gap from the lowest to the highest is +7.29%. The current session's BTC lowest level is -2.59% compared to yesterday's lowest price.
BTC Prediction for 07/09-07/10
Short target: 58210/ SL: 58793/ TP: 57335
Long target: 54233/ 2nd Post: 51520/ TP: 56945
After calculating all the risks, the projection is valid from 15:00 UTC+7, 07/09 and expires at 07:00 a.m. 07/10/24 UTC+7.
Bias: Bullish
I would select the long target (54233) if I had to choose one of the options above. However, since I already have 3 positions active, I would skip the predictions above.
BTC Prediction for 07/08-07/09 (Update)#1
Stat: Long (55678)/TP: 58462
#1. Drawdown: -1.41%/ Up: +3.71%
Bitcoin opened the long target (55678) at 21:29 on July 8th (UTC+7). As I update this journal, the trade had a drawdown of -1.41% when Bitcoin printed 54890 at 21:34 on the same date and an unrealized profit of +3.71% when Bitcoin was traded for 57744.8 at July 9th (13:31). The ambitious goal is 5%, and I am not sure it could happen soon or later.
BTC Prediction for 07/07-07/08 (Update)#2
Stat: Long (55990)/ TP: 58790
#2. Drawdown: -3.12/ Up: +3.94%
#1. Drawdown: -0.53%
The long target (55990) was opened at 06:46 on July 8th, and at 08:21, Bitcoin was trading at 54243.1. The price made a drawdown (-3.12%), but not enough to open my second long target, which I set at 53189.
BTC Prediction for 07/04-07/05 (Update)#5
#5. Drawdown: -3.41%/ Up: +3.63%
#3. Drawdown: -0.28%/ Unrealized profit: +3.95%
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 (3rd position at 50651.)