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: $50/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41700$. 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: $50/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41700$. This steadfast adherence underscores the robust buyer sentiment in the market.
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.
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.