Bitcoin : Profiting with the BTC CALL Plunge StrategyBullish View on BTCUSDT
Trade:
Buy 45000 Call option of 23 December expiry @ $240
Sell 46000 Call option of 23 December expiry @ $120
Sell (2x) 476000 Call option of 23 December expiry @ $45 each
Stop Loss: Spot level = $42500
Target: Spot level of $46000
Payoff chart at Expiry:
Max Profit: $970/BTC
Max Loss: $30/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 44000 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.