Delta-Ex-research

BTC - NEW SWING HIGH- CALL SPREAD

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bullish View on BTCUSDT

Trade:

Buy 47000 Call option of 3 January expiry @ $150
Sell (2x) 48000 Call option of 3 January expiry @ $75 each

Stop Loss: Spot level = $44000

Target: Spot level of $48000

Max Profit: $1000/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 45000 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.