Potential Scalp Short BTC 18 May 2022
Bitcoin all time history index INDEX:BTCUSD
BTC 18 May 2022
The current expected volatility is around 4.76%
Based on a 82.5% chance, our asset is going to be compressed within the channel made from:
TOP 31860
BOT 29000
From POC Volume point, the concentration point is around 30400 -> 29800
At the same time yesterday, we had Jerome Powell on a hawkish attitude, so we can expect another bear rally in the near future.
Based on all of this, at this very moment we can try a small scalp with
TP around 39500-39250-39000
SL around 30500
