Hello, well i have posted back to back TA on current market movemt on bullish, but now I'll head into Neutral zone with a trading range projected between 8196-8564. This would give the trader a hugh volitily range before the halving, which is subject to happen in just over 12days.
What to expect? Well a pull back after todays move is required and could test 8196. Like said in past post its all about miners now. Break even is at 3k ish. You halve that and you get roughly 6k low 7k, so its in the miners best interest to keep the price above 7500 which we got a massive range of a new bottom of 7231 all the way to the new support that was formed at 7688. I'll remain netural and not leverage trade and just buy BTC with my paycheck in small amounts after making 60% and 80% gains on leverage trading. Still would like to test bybit vpn checker after May 20, if that fials i would have to use TraderWay, which is only open during Forex hours (Future market open and close Friday at Noon).
So Projection is maybe a pull back at 8196 or just sideways movement with massive swings till halving. Don't think the Daily or weekly will help anyone. Just watch the order books (I use coinbase pro).
What to expect? Well a pull back after todays move is required and could test 8196. Like said in past post its all about miners now. Break even is at 3k ish. You halve that and you get roughly 6k low 7k, so its in the miners best interest to keep the price above 7500 which we got a massive range of a new bottom of 7231 all the way to the new support that was formed at 7688. I'll remain netural and not leverage trade and just buy BTC with my paycheck in small amounts after making 60% and 80% gains on leverage trading. Still would like to test bybit vpn checker after May 20, if that fials i would have to use TraderWay, which is only open during Forex hours (Future market open and close Friday at Noon).
So Projection is maybe a pull back at 8196 or just sideways movement with massive swings till halving. Don't think the Daily or weekly will help anyone. Just watch the order books (I use coinbase pro).
