BTC Update 08/04/2024, 62166(-2.2%)
Journaling days: 113
BTC printed its lowest 59800 at 04:07/08/04/24
BTC printed its highest 62166 at 19:37/08/03/24
Journal time: Aug 3rd-Aug 4th. 7am-7am UTC+7.
The gap from the highest to the lowest was -3.80%. The current session's BTC lowest level is -2.28% compared to yesterday's lowest price.
BTC Prediction for 08/04-08/05
Short target: 62176/ 2nd:65285 (+5%)/ TP:60932(2%)
Long target: 58218 (June/Low)/TP: 66858(5%)
After calculating all the risks, the projection is valid from 20:00 UTC+7, 08/04 and expires at 07:00 a.m. 08/05/24 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)#3
Stat: {67027(1),63674(2)}/ Avg:64742/ 0.10BTC/ TP: 66858
#3. Drawdown: -7.63%
#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.