BTC Update 07/10/2024, 56257(+3.7%)🔴🔵
Journaling days: 88
BTC printed its lowest 56256.2 at 07:31/07/09/24
BTC printed its highest 58290.6 at 01:45/07/10/24.
Journal time: July 9th-July 10th. 7am-7am UTC+7.
The gap from the lowest to the highest is +3.61%. The current session's BTC lowest level is +3.70% compared to yesterday's lowest price.
BTC Prediction for 07/10-07/11
Short target: 58301/ SL: 58885/ TP: 57425
Long target: 56245/ 2nd Post: 53431/ TP: 59058
After calculating all the risks, the projection is valid from 21:00 UTC+7, 07/10 and expires at 07:00 a.m. 07/11/24 UTC+7.
Bias: Bullish
I would select the long target (56245) if I had to choose one of the options above. However, since I already have 2 positions active, I would skip the predictions above.
BTC Prediction for 07/09-07/10 (+1.5%)#Take Profit
Although I felt risky, the short trading was profitable. Targeting 58210, Bitcoin crossed the short line at 01:45 a.m. (UTC+7) on July 10th and closed the "take profit" target at 08:05 a.m. on the same date or 380 minutes.
BTC Prediction for 07/08-07/09 (Take Profit)#2
Stat: Long (55678)/TP: 58462
#2. Take profit: +5%
#1. Drawdown: -1.41%/ Up: +3.71%
Stat: 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.
Log: From opening the trade to closing the trade in profit (5%) , the trade required:
1 day, 13 hours, and 33 minutes or
1.5646 days or
37.55 hours or
2,253 minutes or
135,180 seconds.
BTC Prediction for 07/07-07/08 (Take Profit)#3
Stat: Long (55990)/ TP: 58790
#3. Take profit: +5%
#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.
Final Update:
The Long trade was opened at 06:46, UTC+7 (July 8th) and closed at a profit on July 10th at 11:00 when Bitcoin printed 58790 in the chart.
Stat:
2 days, 4 hours, 14 minutes
2.1764 days
52.233 hours
3,134 minutes
188,040 seconds
BTC Prediction for 07/04-07/05 (Update)#6
#6. Unrealized profit: +3.79%
#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.)