Potential Bullish BTC 17 May 2027BTC 17 May 2022
The daily expected volatility is around 5%
With an 84% accuracy based on the historical data, we can assume that the price of BTC today is going to be between
TOP 31500
BOT 28500
All of this taken into account with the opening price of today which was 29800.
From VOLUME POC point of view its above 30k , which imply a bullish momentum at this very moment.
From Fundamental/News point of view that can affect crypto/btc price:
In 10h from now, FED Chair Poweel speaks
Now I believe, based on the last 2 weeks bearish momentum, that he will want to calm down the spirits a bit.
Because of this, I am 70% confident that the market will turn to sidemarket-> bullish for next week?
Having said that, if you decide to enter into a long trade for today
stop loss 29500/29000( be careful for scam wicks tho)
take profit if you want a daytrade you can go for 1.5% for 31k
