BTC Update 07/24/2024, 65417(-1.6%)
Journaling days: 102
BTC printed its lowest 65416.5 at 02:55/07/24/24
BTC printed its highest 67729.5 at 07:18/07/23 /24
Journal time: July 23th-July 24th. 7am-7am UTC+7.
The gap from the highest to the lowest was -3.53%. The current session's BTC lowest level is -1.68% compared to yesterday's lowest price.
BTC Prediction for 07/24-07/25
Short target: 67740/ SL:68418/ TP:66722
Long target: 65405/ 2nd:62133/ TP:66714 (if no active trade)
After calculating all the risks, the projection is valid from 16:00 UTC+7, 07/24 and expires at 07:00 a.m. 07/25/24 UTC+7.
Bias: Bullish
I would select the long target 65405 If I have no opened trade. However since I have one open log trade, I plan to add a new position later when Bitcoin hits 62893
BTC Prediction for 07/23-07/24 (Update)#1
Stat: Long: 66205/ 2nd:62893 / Tp:67530
#1. UP: +1.71% / Drawdown: -1.19%
In the session, the short target (68470) was untouched; meanwhile, the long target (66205) entered the trade.
Bitcoin crossed 66205 at 20:31 on July 23rd. At 21:37, the trade printed an unrealized profit of +1.71% when Bitcoin made a high of 67338. However, since my TP is 2%, I kept the trade open, and consequently, I had to see a drawdown of -1.19% at 02:55 when BTC printed low at 65416.5. All drama aside, at the time of writing this update, I don't see Bitcoin moving lower than the drawdown I already mentioned.