Bitcoin Bullish Buzz - BULL CALL Spread
Bullish View on BTCUSDT
Trade:
Buy 38500 Call option of 17 November expiry @ $210
Sell 39500 Call option of 17 November expiry @ $105
Stop Loss: Spot level = $35800
Target: Spot level of $39500
Max Profit: 11000/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 36800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it's evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Moreover, we've observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 17. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Trade:
Buy 38500 Call option of 17 November expiry @ $210
Sell 39500 Call option of 17 November expiry @ $105
Stop Loss: Spot level = $35800
Target: Spot level of $39500
Max Profit: 11000/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 36800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it's evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Moreover, we've observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 17. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Transaction en cours
Small typo error- please read the second leg as-Sell (2x) 39500 Call option of 17 November expiry @ $105 each
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.