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Bitcoin : Profiting with the BTC Put Plunge StrategySideways View on BTCUSDT Trade: Buy 36500 Put option of 24 November expiry @ $115 Sell (2x) 35500 Put option of 24 November expiry @ $30 each Stop Loss: Spot level = $38400 Target: Spot level of $35500 Max Profit: $945/BTC Rationale: Following an impressive surge in BTC, we observed a retracement from the 38000 levels, leading to a dip in BTC's value to 34900. This selling pressure successfully breached key demand/support zones, particularly around 35600, and price is back at resistance level again. Above setup is a bear put spread / put debit spread which allows you to profit from a potential downward movement while limiting your risk.
by Delta-Ex-research
How low can the Bitcoin price go?How low can the Bitcoin price go? Thanks to regulatory enforcement action by the United States Department of Justice, largest global exchange Binance is in line for a major fine. Its CEO, Changpeng Zhao, informally known as CZ, will be forced to quit his post and may even face jail time. This was a watershed moment for one of the crypto industry’s household names, and markets reacted with arguably understandable concern. BTCUSD fell to $35,600, per data from Cointelegraph Markets Pro and TradingView — its lowest levels since Nov. 16 — before rebounding thanks to short positions closing.
Long
by saurabhbhola80
Bitcoin Weekly Chart Analysis: Navigating the Bearish LandscapeBitcoin Weekly Analysis: Navigating Market Dynamics Overview: Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge. Bearish Sentiment: Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market sentiment. Rising Wedge Resistance: The cryptocurrency faces resistance at $38,500, aligning with the upper boundary of the bearish rising wedge. Potential Scenarios: Confirmation at $38,500: High probability of a downward trend. Potential Liquidation Wick at $46,000: A strategic level for liquidating high-leverage positions. Support & Resistance: Support Zone: $29,000-$30,000 within the rising wedge. Resistance Levels: $38,000 and $46,000. Key Considerations: Caution Advised: Exercise prudence and conduct thorough research before making any trading decisions.
Short
by CryptoPatel
Bitcoin Bear Plunge: Profiting with the BTC Put Plunge StrategySideways View on BTCUSDT Trade: Buy 36800 Put option of 22 November expiry @ $150 Sell 36400 Put option of 22 November expiry @ $75 Sell (2x) 36000 Put option of 22 November expiry @ $35 each Stop Loss: Spot level = $38400 Target: Spot level of $36400 Payoff at Expiry: Max Profit: $395/BTC Rationale: Following an impressive surge in BTC, we observed a retracement from the 38000 levels, leading to a dip in BTC’s value to 34900. This selling pressure successfully breached key demand/support zones, particularly around 35600, and price is back at resistance level again. Above setup is a bear put spread / put debit spread which allows you to profit from a potential downward movement while limiting your risk.
by Delta-Ex-research
Bitcoin 100,000 trend channelBitcoin's 100,000 trend trend channel, the main target is to reach more than 100,000 US dollars, the green is the rising channel, the blue line is the first target price, the red line is the ultimate target price, the white is the market trend, divided into one, two and three Four or five waves, one wave breaks through, three waves soar, and five waves reach the top. Each wave includes the ABC trend. The above points constitute the conditions leading to $100,000. The bull market has begun.
by ZhongBenCong001
1
Bitcoin Buzz - Bear PUT SpreadSideways View on BTCUSDT Trade : Buy 35600 Put option of 18 November expiry @ $150 Sell (2x) 35000 Put option of 18 November expiry @ $70 each Stop Loss: Spot level = $37600 Target: Spot level of $35000 Max Profit: $590/BTC Rationale: BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term. Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
by Delta-Ex-research
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin continues to move within the ascending parallel price channel. After an unsuccessful retest of the 38000 level, the price returned to its lower boundary, where we are currently awaiting a retest. Thus, a new price range of 35000 - 38000 has formed. For BTC to continue its upward movement, it needs to surpass the resistance level at 38000 and consolidate above the upper boundary of the price channel. If this occurs, we anticipate a growth impulse towards the 40000-42000 zone, where the next significant resistance block is located. However, the RSI indicator shows a classic bearish divergence, increasing the likelihood of a correction before further growth. If, under selling pressure, the price consolidates below the lower boundary of the price channel, we expect a correction in the 0.38-0.5 Fibonacci levels range. A retest of the global ascending trendline might occur in this range. The Imbalance 1W zone is also situated there, where it is necessary to fill the gaps at horizontal levels of trading volumes. The correction scenario can be invalidated if the price manages to break the 38000 resistance level with an impulse movement and consolidates above it. News regarding the approval of a Bitcoin spot ETF for GrayScale or BlackRock funds could contribute to this. 📉 Bitcoin market global analysis On the daily logarithmic chart, the price of BTC once again failed to consolidates above the global ascending trendline. RSI indicators are also forming a bearish divergence, indicating the need for a local corrective movement. If sellers manage to break the support level at 35000, we will expect the formation of a Bearish Wedge pattern and a global correction of the entire growth from the beginning of this year to the 0.38 Fibonacci levels, where the psychological support level of 30,000 is located. However, news regarding the approval of a spot Bitcoin ETF could provide another powerful upward impulse. If this happens in the near future, the correction may be postponed again. 💠 Analysis of zones and levels for making trading decisions The Fear and Greed Index is in the greed zone at 70. The total market capitalization of the cryptocurrency market has increased to 1,371 billion dollars, and the Bitcoin dominance index has fallen to 52.2. Based on the analysis of significant order blocks in the order books, the demand and supply zones are situated at the following levels: 🟢 Demand Zone: 25,000 - 35,000 🔴 Supply Zone: 38,000 - 48,000 Levels for entering long positions: 34,000-35000 - zone of potential retest of the trendline 30,000 - a psychological support level 28,000 - a retest of the 200-week moving average and the 0.78 Fibonacci retracement level Levels for entering short positions: 36,000-38,000 - a possible retest of the trendline on the logarithmic chart 40,000 - a psychological resistance level 42000 - a large resistance block 📊 Fundamental analysis The SEC is postponing the review of applications for a spot Bitcoin ETF. However, the cryptocurrency market still perceives this positively because the delay is not a rejection. Bloomberg analysts expect, with a 90% probability, a positive decision from the SEC regarding the approval of a spot Bitcoin ETF by the end of January 2024. On November 14, the U.S. Bureau of Labor Statistics published fresh data. According to the agency, the Consumer Price Index (CPI) in the U.S. slowed to 3.2% in October. In September, the index was at 3.7%. The CPI result exceeded forecasts, and the positive trend allows analysts to hope that the U.S. Federal Reserve will not return to raising the key interest rate. The stock market responded very positively to this news. The S&P 500 index, representing the largest U.S. companies, held above the dynamic resistance line EMA50 and continued to rise. The U.S. Dollar Index (DXY) broke downward from the expanding wedge pattern. 🌐 Upcoming Events in the Global Economy The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ December 13, 2023, 21:00 - New Fed Interest Rate Decision. ➤ January 31, 2024, 21:00 - New Fed Interest Rate Decision.
by TradeINEX
Bitcoin Bullish Buzz - BULL CALL SpreadBullish View on BTCUSDT Trade: Buy 38500 Call option of 17 November expiry @ $210 Sell 39500 Call option of 17 November expiry @ $105 Stop Loss: Spot level = $35800 Target: Spot level of $39500 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 36800 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 17. This uptick in OI for such options further bolsters our confidence in the current market conditions.
Long
by Delta-Ex-research
Bitcoin Bear Plunge: Profiting with the BTC Put Plunge StrategyBearish View on BTCUSDT Trade: Buy 34200 Put option of 16 November expiry @ $50 Sell 33600 Put option of 16 November expiry @ $30 Sell (2x) 33200 Put option of 16 November expiry @ $15 each Stop Loss: Spot level = $36800 Target: Spot level of $33600 Max Profit: $405/BTC Rationale: Following an impressive surge in BTC, we observed a retracement from the 38000 levels, leading to a dip in BTC’s value to 34900. This selling pressure successfully breached key demand/support zones, particularly around 35600. Also, we have observed a fresh supply zone been formed around 36120 levels, which will act as a resistance for price, Above setup is a bear put spread / put debit spread which allows you to profit from a potential downward movement while limiting your risk.
Short
by Delta-Ex-research