exlux99

Key points Short BTC 09 May 2022

Short
INDEX:BTCUSD   Bitcoin
Current expected movement from IV = 3.4%
At the same tim we estimate with a 85.7% confidence that the volatility for today is going to be below 3.67% for this the market will stay within
TOP 35300
BOT 32750
All of this being calculated with the opening value candle of today or yesterday close daily candle

From the funding rate point of view, the shorts have to pay the funding fee to the long positions,
giving us the idea that there are currently more shorts than long in the market( bearish )


From the fundamental point of view
we have not big volatility news today

With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 34000 or the opening price
stop loss 2: 35000 expected top for today

take profit 1: 33000
take profit 2: 32750 expected bot for today

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