BTC Update 08/03/2024, 61200(-1.7%)
BTC Update 08/03/2024, 61200(-1.7%)
Journaling days: 112
BTC printed its lowest 61200.2 at 05:48/08/03/24
BTC printed its highest 65577 at 07:19/08/02/24
Journal time: Aug 2st-Aug 3rd. 7am-7am UTC+7.
The gap from the highest to the lowest was -7.15%. The current session's BTC lowest level is -1.72% compared to yesterday's lowest price.
BTC Prediction for 08/03-08/04
Short target: 65587/ 2nd:70062 (July/Hi)/ TP:62962(2%)
Long target: 58218 (June/Low)/TP: 66858(5%)
After calculating all the risks, the projection is valid from 20:00 UTC+7, 08/03 and expires at 07:00 a.m. 08/04/24 UTC+7.
Bias: Bullish
I would limit buy to 58218 since I already have two positions open. Otherwise, I would target the “short”.
BTC Prediction for 07/31-08/01 (Update)#2
Stat: {67027(1),63674(2)}/ Avg:64742/ 0.10BTC/ TP: 66858
#2. Up:+1.28%, Drawdown: -5.47%
#1. Drawdown: -3.81%, Up: +1.4%
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 (Merged)
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.