Key points Short BTC 06 May 2022
We can estimate with a 76.2% confidence that the volatility for today is going to be below 2.76% for this the market will stay within
TOP 37500
BOT 35500
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
NFP
Unemployment
Both of them are expected to be lower values than last month -> bearish.
With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 36750 or the opening price 36500
stop loss 2: 37500, expected top for today
take profit 1: 36000
take profit 2: 35500 expected bot for today
TOP 37500
BOT 35500
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
NFP
Unemployment
Both of them are expected to be lower values than last month -> bearish.
With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 36750 or the opening price 36500
stop loss 2: 37500, expected top for today
take profit 1: 36000
take profit 2: 35500 expected bot for today
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
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