BTC Update 08/01/2024, 64501(-1,1%)
Journaling days: 110
BTC printed its lowest 64500.5 at 04:01/08/01/24
BTC printed its highest 66826.5 at 20:42/ 07/31/24
Journal time: July 30th-Aug 1st. 7am-7am UTC+7.
The gap from the highest to the lowest was -3.60%. The current session's BTC lowest level is -1.15% compared to yesterday's lowest price.
BTC Prediction for 08/01-08/02
Short target: 66837/ 2nd:70179/ TP:64830(3%)
Long target: 58218 (June/Low)/TP: 66858(5%)
After calculating all the risks, the projection is valid from 19:00 UTC+7, 08/01 and expires at 07:00 a.m. 08/02/24 UTC+7.
Bias: Bullish
I would limit buy to 58218 since I already have two positions open. I would select the short position to trade if I don't have these positions.
BTC Prediction for 07/31-08/01 (Update)#1
Stat: {67027(1),63674(2)}/ Avg:64742/ 0.10BTC/ TP: 66858
My second long target, 63674, was opened on August 1st, 11:48 (UTC+7), and the new long brought my long average price of 0.10BTC to 64742.
The second long position was -5% away from my first long, and I felt I had misread the Bitcoin chart. I thought Bitcoin was still bullish, but I suspected Bitcoin had already entered Bearish momentum since July 29th at 20:30 (UTC+7).
BTC Prediction for 07/29-07/30 (Update)#3
Update: Since August 1, the long price has been merged into the 07/31-08/01 price update (64742)
Stat: Long: 67027/ 2nd:63674/ TP: 68368(2%). Bias: Bullish
#3. Drawdown:-3.76%
#2. Drawdown:-2.64%
#1. Drawdown: -1.8%
Bitcoin unlocked the long limit 67027 at 23:31 on July 29th.