BTC SIDEWAYS - PUT SPREADS IN PLAY
Sideways View on BTCUSDT
Trade:
Sell 415000 Put option of 19 January expiry @ $130
Buy 41000 Put option of 19 January expiry @ $80
Stop Loss: Spot level = $41500
Target: Premium =$0 in both legs
Max Profit: 550/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41700$. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Sell 415000 Put option of 19 January expiry @ $130
Buy 41000 Put option of 19 January expiry @ $80
Stop Loss: Spot level = $41500
Target: Premium =$0 in both legs
Max Profit: 550/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41700$. This steadfast adherence underscores the robust buyer sentiment in the market.
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.