BTC Update 07/17/2024, 62350(+2.84%)
BTC Update 07/17/2024, 62350(+2.84%)
Journaling days: 95
BTC printed its lowest 62350 at 15:341/07/16/24
BTC printed its highest 65388 at 06:30/07/17 /24
Journal time: July 16th-July 17th. 7am-7am UTC+7.
The gap from the lowest to the highest is +4.87%. The current session's BTC lowest level is +2.84% compared to yesterday's lowest price.
BTC Prediction for 07/17-07/18
Short target: 66110/ SL: 66772/ TP: 65117
Long target: 62340/ 2nd: 59223/ TP: 64211(3%)
After calculating all the risks, the projection is valid from 15:00 UTC+7, 07/17 and expires at 07:00 a.m. 07/18/24 UTC+7.
Bias: Bullish
I would select the long target (62340) if I had to choose one of the options above.
BTC Prediction for 07/16-07/17 (Final)# No trade
The long target (60611) was untouched, while the short target (64500) was run over as projected. The bias was relevant.
However,
Personal note:
The session was a reminder that the +5% ratio was a bear indication. However, during the bull monthly session or (past mLow), the effect might not be as large as during (past mHigh).
The session was a chance to make 2 different trades.
From short after targeting the previous day's highest price, 64881 (+$10). (SL was -1% and TP: 3%)
The long after targeting wPOC, 62999(-$10). (2nd was -5% of the first long target, no SL, and TP: 3%)