Potential Scalp Short BTC 18 May 2022

Bitcoin all time history index INDEX:BTCUSD

exlux99

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

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