Bitcoin Buzz - Bear PUT Spread
Sideways View on BTCUSDT
Trade:
Buy 35600 Put option of 18 November expiry @ $150
Sell (2x) 35000 Put option of 18 November expiry @ $70 each
Stop Loss: Spot level = $37600
Target: Spot level of $35000
Max Profit: 5590/BTC
Rationale:
BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term.
Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
Trade:
Buy 35600 Put option of 18 November expiry @ $150
Sell (2x) 35000 Put option of 18 November expiry @ $70 each
Stop Loss: Spot level = $37600
Target: Spot level of $35000
Max Profit: 5590/BTC
Rationale:
BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term.
Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
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.