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BTCUPUSDT trade ideas

BTCUSDT increased sharply ??BTC has gradually been trading upwards since a significant move in late October. As seen on this chart, the parallel price channel A is still functioning well, breaking out of the port and maintaining a strong upward trend above $32,000 and stabilizing around $35,000 on the weekly timeframe. In the long run, BTC is expected to experience strong growth, especially in the context of unstable economy, making it a viable alternative solution for investors. The expectation for a rise to $51,100 is high. As long as it holds steady above the mentioned support levels, this expectation is entirely plausible.
Long
by Samson-FX
1
Bullish on Bitcoin: Profits with Protective CallsBullish View on BTCUSDT Trade: Buy 375000 Call option of 10 November expiry @ $225 Sell (2x) 39000 Call option of 10 November expiry @ $100 each Stop Loss: Spot level = $35000 Target: Spot level of $39000 Max Profit: $1515/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 36000 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. Moreover, we've observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 10. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Long
by Delta-Ex-research
BTC Option: Capturing the RangeSideways View on BTCUSDT Trade: Sell 36600 Call option of 9 November expiry @ $95 Sell 34600 Put option of 9 November expiry @ $75 Stop Loss:  P-34600 =  $150 C-36600 =  $190 Target : $0 premium in both legs Max Profit: $170/BTC Max Loss: $170/BTC Rationale: BTC appears to be trading in a tight range, hovering between the support level at 34,300 and the resistance level at 36,000, which suggests a sideways trend in the short term. Adding to our odds, our analysis of Open Interest (Oi) data on November 9 th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
by Delta-Ex-research
Mastering the Art of Diamond Pattern Trading in Crypto and StockWhat is a Diamond Pattern? The diamond pattern is a unique formation characterized by two converging trend lines, creating a pattern that resembles a diamond or kite. Within this pattern, price movements oscillate, presenting traders with an opportunity to make informed decisions. However, to successfully navigate the diamond pattern, you need to understand its nuances and follow a disciplined trading strategy. Trading the Diamond Pattern: A Step-by-Step Approach 1. Identifying the Pattern The first step in diamond pattern trading is identifying the pattern on the price chart. Pay close attention to two converging trend lines between which prices fluctuate. This visual cue is crucial for decision-making. 2. Determining the Trend Direction Once you've identified the diamond pattern, the next step is to determine the direction of the trend. The diamond pattern's context within the existing trend is essential: If the diamond pattern forms during an uptrend, it is considered a bearish pattern. This suggests a potential reversal. If it forms during a downtrend, it indicates a bullish reversal pattern. 3. Opening the Trade After determining the trend direction, wait for a breakout from the diamond pattern to confirm your trade's direction. Your actions will differ depending on the type of pattern: For a bearish reversal pattern, open a short trade as soon as the price breaks below the lower trend line. For a bullish reversal pattern, open a long trade when the price breaks above the upper trend line. 4. Setting a Stop Loss To limit potential losses, it's essential to set a stop loss order. For a long trade, place your stop loss just below the low of the breakout candle. For a short trade, position your stop loss just above the high of the breakout candle. This ensures that you are protected if the trade goes against your expectations. 5. Setting the Target Determining the target for a diamond pattern trade is critical for managing your risk-reward ratio. The target can be calculated by measuring the height of the diamond pattern, from the highest to the lowest point, and adding this distance to the breakout point. Remember, the target can be adjusted to align with your risk tolerance and trading style. 6. Managing the Trade As the trade unfolds, closely monitor price action and adjust your stop loss and take profit orders accordingly. If the trade is moving in your favor, consider taking partial profits or tightening your stop loss to lock in gains. 7. Avoiding False Breakouts Diamond patterns are susceptible to false breakouts, where the price briefly exits the pattern but then quickly retraces. To minimize this risk, wait for the price to close outside the pattern before entering the trade. This extra confirmation can significantly improve your success rate. 8. Trading with Proper Risk Management Just like any trading strategy, risk management is paramount. Only risk a small percentage of your trading account on each trade, and never invest more than you can afford to lose. Always use stop loss orders to protect your capital. Additional Tips for Trading the Diamond Pattern - Confirm with Other Indicators While the diamond pattern can be a reliable signal, it's wise to confirm it with other technical indicators, such as moving averages, momentum indicators, or volume indicators. Seek additional signals that support the breakout direction. - Pay Attention to Multiple Time Frames To enhance your trade's probability of success, look for the diamond pattern on various time frames, including daily, weekly, and monthly charts. Trade only when it aligns with the larger trend, increasing your chances of a winning trade. - Be Patient Diamond patterns take time to develop fully. Rushing into a trade before the pattern matures can lead to false breakouts and unnecessary losses. Exercise patience and wait for the pattern to confirm before making your move. - Practice with a Demo Account Before risking real capital, practice trading the diamond pattern on a demo account. This allows you to refine your strategy, identify optimal entry and exit points, and gain confidence in your trading plan. In conclusion, mastering the diamond pattern in your trading strategy requires a combination of technical analysis skills, a disciplined approach, and a commitment to risk management. The diamond pattern can offer valuable insights into potential trend reversals or continuations, but successful trading relies on careful observation and strategic execution. Follow us for More Quality Analysis. Must Like and Share if it is really helpful. Thank you
Education
by CryptoPatel
2
Bitcoin Option Strangle Play for 7 Nov ExpirySidewaysView on BTCUSDT Trade: Sell 36600 Call option of 7 November expiry @ $45 Sell 33600 Put option of 7 November expiry @ $45 Stop Loss: P-33600 = $90 C-36600 = $90 Target: $0 premium in both legs Max Profit: $90/BTC Max Loss: $90/BTC Rationale: BTC appears to be trading in a tight range, hovering between the support level at 34,300 and the resistance level at 35,300, which suggests a sideways trend in the short term. Adding to our odds, our analysis of Open Interest (Oi) data on November 7th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
by Delta-Ex-research
Double Play: Bull Call Spread on BTCBullish View on BTCUSDT Trade: Buy 36000 Call option of 5 November expiry @ $170 Sell (2x) 36600 Call option of 5 November expiry @ $95 each Stop Loss: C-BTC- 36000 Premium = $10 Target : Spot level of $36600 Max Profit: $360/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 31600 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. Moreover, we’ve observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 5. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Long
by Delta-Ex-research
Strike While It's Hot: 34000 Put Option - Nov 4 Expiry @ $142.5Bullish View on BTCUSDT Trade: Sell 34000 Put option of 4 November expiry @ $142.5 Stop Loss: P-BTC- 34000 Premium =  $284 Target: P-BTC- 34000 Premium =  $0 Payoff chart at Expiry: Max Profit: $142.5/BTC Max Loss: $142.5/BTC Rationale: BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 35300 during the recent trading session, signifying a promising upward trajectory. Examining the 4-hour chart, it's evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market. Moreover, we've observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 4. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Long
by Delta-Ex-research
Bitcoin Bullish Buzz: Limited Risk Call Spread for Quick Gains!Sideways View on BTCUSDT Trade: Sell Call Spread – BTC – 35000 – 35200 – 2 November expiry at 40$ Stop Loss: Spread Premium of $80 Target: Spread Premium of $0 Payoff: Max Profit: $40/BTC Max Loss : $40/BTC Rationale: Following a notable price increase in the previous week, Bitcoin is presently confined to a tight trading range, encountering resistance around the $35,000 mark. Enhancing the probability of this scenario, there is notable open interest (OI) in the $35,000 call options.
by Delta-Ex-research
1