BTC SIDEWAYS- call spread
Sideways View on BTCUSDT
Trade:
Sell 44200 Call option of 17 January expiry @ $200
Buy 44500 Call option of 17 January expiry @ $100
Stop Loss: Spot level = $44200
Target: Premium =$0 in both legs
Max Profit: 1100/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Sell 44200 Call option of 17 January expiry @ $200
Buy 44500 Call option of 17 January expiry @ $100
Stop Loss: Spot level = $44200
Target: Premium =$0 in both legs
Max Profit: 1100/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
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