Bullish View on ETHUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy ETH Perpetual future at $2250</li>
</ul>
Stop Loss: $2180

Target: $2350

Payoff:

Max Profit: $100/ETH

Max Loss : $70/ETH

<img class="aligncenter wp-image-33996 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-1024x462.jpeg" alt="" width="525" height="237" />

Rationale:

ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 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.

We can use 2180 as stop loss of for invalidation of above setup.

<img class="aligncenter wp-image-33997 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 7 Dec 23

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell Put Spread - BTC  - 42400 - 42200 -  8  December expiry at 45$</li>
</ul>
Stop Loss: Spread Premium of $90

Target: Spread Premium of $0

Payoff:

Max Profit: $45/BTC

Max Loss : $45/BTC

<img class="aligncenter wp-image-33990 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-1024x462.jpeg" alt="" width="525" height="237" />

 

Rationale:

After BTC experienced a remarkable rise, there was a pullback from the 44490 levels, resulting in a decrease in BTC's value to 43574.

Amid the BTC uptrend, a demand zone emerged at approximately 42300, indicating the potential for price retracement to this demand zone.

<img class="aligncenter wp-image-33991 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-1024x447.jpeg" alt="" width="525" height="229" />

 

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 6 Dec 23

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell Put Spread - BTC  - 41200 - 41000 -  6  December expiry at 50$</li>
</ul>
Stop Loss: Spread Premium of $100

Target: Spread Premium of $0

Payoff:

Max Profit: $50/BTC

Max Loss : $50/BTC

<img class="aligncenter wp-image-33984 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-05-at-10.37.12-AM-1024x462.jpeg" alt="" width="525" height="237" />

Rationale:

Following an impressive surge in BTC, we observed a retracement from the 42500 levels, leading to a dip in BTC’s value to 41600.

<img class="aligncenter wp-image-33985 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-05-at-10.38.28-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 5 Dec 23

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 42000 Call option of 5 December expiry @ $150</li>
 	<li>Sell (2x) 428000 Call option of 5 December expiry @ $75 each</li>
</ul>
Stop Loss: Spot level = $39000

Target: Spot level of $42800

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $800/BTC</li>
</ul>
<img class="aligncenter wp-image-33974 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-04-at-10.17.19-AM-1024x462.jpeg" alt="" width="525" height="237" />

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 40000 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 December 5. This uptick in OI for such options further bolsters our confidence in the current market conditions.

 

<img class="aligncenter wp-image-33975 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-04-at-10.19.09-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 4 Dec 2023

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell Call - BTC  - 38500 -  1  December expiry at 60$</li>
</ul>
Stop Loss: Premium of $120

Target: Premium of $0

Payoff:

Max Profit: $60/BTC

Max Loss : $60/BTC

<img class="aligncenter wp-image-33953 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/12/Picture1-1024x402.png" alt="" width="525" height="206" />

 

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.

Adding to our odds, we have observed high OI built-up at 38500 strike of 1st December expiry.

<img class="aligncenter wp-image-33940 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-30-at-10.16.32-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 1 Dec 23

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 385000 Call option of 1 December expiry @ $90</li>
 	<li>Sell (2x) 395000 Call option of 1 December expiry @ $35 each</li>
</ul>
Stop Loss: Spot level = $37000

Target: Spot level of $395000

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $980/BTC</li>
</ul>
<img class="aligncenter wp-image-33948 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-30-at-5.22.41-PM-1024x462.jpeg" alt="" width="525" height="237" />

 

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 38000 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 December 1. This uptick in OI for such options further bolsters our confidence in the current market conditions.

<img class="aligncenter wp-image-33927 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-29-at-9.47.09-AM-1024x447.jpeg" alt="" width="525" height="229" />

 

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 30 Nov -1 2023

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell Put Spread - BTC  - 37200 - 36600 -  1  December expiry at 55$</li>
</ul>
Stop Loss: Spread Premium of $110

Target: Spread Premium of $0

Payoff:

Max Profit: $55/BTC

Max Loss : $55/BTC

<img class="aligncenter wp-image-33939 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-30-at-10.15.49-AM-1024x462.jpeg" alt="" width="525" height="237" />

 

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.

<img class="aligncenter wp-image-33940 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-30-at-10.16.32-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 30 Nov 23

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell Call Spread - BTC  - 38400 - 38600 -  30 November expiry at 55$</li>
</ul>
Stop Loss: Spread Premium of $110

Target: Spread Premium of $0

Payoff:

Max Profit: $55/BTC

Max Loss : $55/BTC

<img class="aligncenter wp-image-33930 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-29-at-9.52.33-AM-1024x462.jpeg" alt="" width="525" height="237" />

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.

Enhancing the probability of this scenario, there is notable open interest (OI) in the $38,500 call options.

<img class="aligncenter wp-image-33931 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-29-at-9.53.37-AM-1024x447.jpeg" alt="" width="525" height="229" />

 

 

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 29 Nov 23 -1

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 39000 Call option of 1 December expiry @ $190</li>
 	<li>Sell (2x) 40000 Call option of 1 December expiry @ $85 each</li>
</ul>
Stop Loss: Spot level = $37000

Target: Spot level of $40000

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $980/BTC</li>
</ul>
<img class="aligncenter wp-image-33925 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-29-at-9.45.42-AM-1024x462.jpeg" alt="" width="525" height="237" />

 

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 38000 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 December 1. This uptick in OI for such options further bolsters our confidence in the current market conditions.

<img class="aligncenter wp-image-33927 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-29-at-9.47.09-AM-1024x447.jpeg" alt="" width="525" height="229" />

 

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 29 Nov 2023

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 38200 Call option of 30 November expiry @ $80</li>
 	<li>Sell (2x) 39200 Call option of 30 November expiry @ $35 each</li>
</ul>
Stop Loss: Spot level = $36000

Target: Spot level of $39200

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $790/BTC</li>
</ul>
<img class="aligncenter wp-image-33900 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-28-at-4.59.32-PM-1024x462.jpeg" alt="" width="525" height="237" />

 

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 38000 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 30. This uptick in OI for such options further bolsters our confidence in the current market conditions.

 

<img class="aligncenter wp-image-33901 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-28-at-5.01.38-PM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 28 Nov -1 2023

Bearish View on ETHUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Sell ETH Perpetual future at $2050</li>
</ul>
Stop Loss: $2065

Target: $1965

Payoff:

Max Profit: $60/ETH

Max Loss : $40/ETH

<img class="aligncenter wp-image-33887 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-28-at-10.12.11-AM-1024x462.jpeg" alt="" width="525" height="237" />

Rationale:

The latest price action in ETH indicates a potential pause in the rally, with some retracements observed. Additionally, a newly formed supply zone/resistance has been identified on the charts.
Currently, the price is making an effort to retrace towards the supply zone at 2050.

We can use 2065 as stop loss of for invalidation of above setup.

<img class="aligncenter wp-image-33888 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-28-at-10.13.54-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 28 Nov 23

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 39000 Call option of 26 November expiry @ $150</li>
 	<li>Sell (2x) 39600 Call option of 26 November expiry @ $75 each</li>
</ul>
Stop Loss: Spot level = $35400

Target: Spot level of $39600

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $600/BTC</li>
</ul>
<img class="aligncenter wp-image-33798 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-24-at-4.41.36-PM-1024x462.jpeg" alt="" width="525" height="237" />

 

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 38000 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 26. This uptick in OI for such options further bolsters our confidence in the current market conditions.

<img class="aligncenter wp-image-33799 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-24-at-4.41.06-PM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 24 Nov -1 2023

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 36200 Put option of 26 November expiry @ $90</li>
 	<li>Sell (2x) 35800 Put option of 26 November expiry @ $45 each</li>
</ul>
Stop Loss: Spot level = $38400

Target: Spot level of $35800

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $400/BTC</li>
</ul>
<img class="aligncenter wp-image-33790 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-24-at-10.21.35-AM-1024x462.jpeg" alt="" width="525" height="237" />

 

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.

<img class="aligncenter wp-image-33744 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-23-at-10.03.54-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 24 Nov 2023

Introduction:

The world of cryptocurrency is no stranger to volatility, and Bitcoin (BTC), the pioneer of digital assets has been known to make significant moves that capture the attention of investors and analysts alike.

 
<ol>
 	<li>Inflation Hedge Amid Global Economic Uncertainty:

Bitcoin has often been touted as "digital gold" or a store of value. With central banks around the world adopting accommodative monetary policies and concerns over inflation has started to come off in the last 6 months, investors are seeking alternative assets to hedge against the devaluation of traditional currencies. Bitcoin's fixed supply of 21 million coins positions it as an attractive option  </li>
</ol>
 
<ol start="2">
 	<li>Institutional Adoption and Growing Acceptance:

Major financial institutions, corporations and even countries have started to recognize the value of digital assets. Market participants expect the Bitcoin ETF would be approved by the SEC sooner.</li>
</ol>
Notable investments by companies such as Morgan Stanley, Citi Group, Fidelity, Standard Chartered, Barclays, BNY,  UBS, BNP Paribas, JP Morgan, Goldsman and many more contribute to the growing acceptance of BTC as a legitimate asset class. Rising institutional interest provides a fertile ground for Bitcoin to break-out of the current price range and soar higher.
While individuals engage in on-air discussions about the potential arrival and timing of a Bitcoin ETF, a substantial $2.8 billion has flowed into the cryptocurrency space in just this month. Somebody is voting with their wallet.
 
<ol start="3">
 	<li>Regulatory Clarity and Positive Developments:

Regulatory uncertainty has long been a cloud over the crypto space. However, recent developments suggest that clarity is on the horizon. Several countries are working on establishing clear regulatory frameworks for digital assets, providing a more stable environment for investors. Regulatory clarity can attract more institutional participation and encourage broader adoption, potentially unleashing a new wave of investment and driving a breakout in BTC.</li>
</ol>
 
<ol start="4">
 	<li>Technological Innovations and Network Upgrades:
 
Bitcoin's underlying technology, the blockchain, continues to evolve. Ongoing network upgrades, improve scalability, privacy, and smart contract capabilities. These enhancements not only make Bitcoin more versatile but also demonstrate the adaptability of the network. As the technology matures, it could attract more developers and users, fostering confidence and potentially leading to a breakout.</li>
</ol>
 
<ol start="5">
 	<li>Market Sentiment and Technical Analysis:

Market sentiment and technical analysis play a crucial role in predicting potential price movements. Positive sentiment, reflected in social media chatter, news coverage, and overall market sentiment, are creating a bullish atmosphere. Additionally, on the technical side BTC has formed a bullish ascending triangle structure in the last few weeks, which tends to form ahead of bullish breakouts. A substantial break to the north of $38,000 should open the door to a swift test of the psychologically important $40,000 level.</li>
</ol>
If a Santa Rally really gets going, traders shouldn’t rule out that Bitcoin could even rally back to its 2022 highs at $48,000 before the end of the year.
 

<img class="aligncenter wp-image-33753 size-full" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/btc-for-blog.png" alt="" width="391" height="406" />
6. USDT Market cap & Historical Behavior of BTC in December:

The increase($2.8 billion in November)  in Tether’s USDT market capitalization signals a conversion of fiat into stable coins, and it would ultimately be detected as new inflows into crypto. This shows that institutional players that are paramount in facilitating those flows are deploying billions into crypto ahead of any potential ETF launch.
 

<img class="aligncenter wp-image-33756 size-full" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/blog-content.png" alt="" width="579" height="354" />
During the last eight years, Bitcoin has gained +12% on average, during the month of December, the market structure also supports another push higher into December.
 

<img class="aligncenter wp-image-33760 " src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/avg-mthly-view.png" alt="" width="651" height="392" />

 

Conclusion:

As a research analyst specializing in the cryptocurrency sector, it's crucial to acknowledge the interdependence of macroeconomic elements that impact the fluctuations in Bitcoin's value. The intersection of factors such as hedging against inflation, increased institutional involvement, regulatory transparency, technological progress, and favorable market sentiment presents a compelling argument for an upcoming surge in Bitcoin. Despite the inherent unpredictability of the crypto market, staying well-informed about these macroeconomic aspects can offer valuable perspectives for investors navigating the ever-changing terrain of digital assets.

 

Disclaimer

Delta Exchange or its affiliates does not offer investment advice or endorsements. The information herein is informational and shouldn’t be seen as financial advice. Always do your own research and consult professionals before investing.

The Perfect Bull Storm: 6 Macros Point to an Imminent Breakout in Bitcoin

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:
<ul>
 	<li>Buy 36500 Put option of 24 November expiry @ $115</li>
 	<li>Sell (2x) 35500 Put option of 24 November expiry @ $30 each</li>
</ul>
Stop Loss: Spot level = $38400

Target: Spot level of $35500

Payoff chart at Expiry:
<ul>
 	<li>Max Profit: $945/BTC</li>
</ul>
<img class="aligncenter wp-image-33740 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-23-at-9.47.29-AM-1024x462.jpeg" alt="" width="525" height="237" />

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.

<img class="aligncenter wp-image-33744 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-23-at-10.03.54-AM-1024x447.jpeg" alt="" width="525" height="229" />

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 23 Nov 2023

Polkadot is a scalable, multi-chain protocol that connects multiple blockchains. This way, Polkadot allows for information and assets to be moved across blockchains that were previously incompatible (such as Bitcoin and Ethereum) in a trustless way.  

<span

What is Polkadot?

<h2>What is Enjin Coin?</h2>
<a href="https://enjin.io/"><span class="s2" style="font-variant-numeric: normal; font-variant-east-a

What is Enjin and how does it work?

Axie Infinity Shard, i.e., AXS, is a token built on Ethereum Blockchain with a massive supply of 270,000,000 coins. Axie Infinity token supports all the transactions on the Axie Infinity platform. Being a gaming token, the token can also be used in the marketplace too

What Is Axie Infinity (AXS)?

Scalability remains an issue on Ethereum, but the advent of protocols like Polygon has integrated scalable solutions on the Ethereum ecosystem. Polygon was launched in India in October 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Polygon has a team of expe

What is Polygon (MATIC)?

<h2 class="p1">What is Cosmos?</h2>
Cosmos is a technology that seeks to enhance how different blockchains operates. By creating an open-source network, Cosmos seeks to ensure that different networks are able to communicate, share data,

Understanding Cosmos – The Internet of Blockchains

DeFi liquidity pools are one of the central technologies among the DeFi technology stack currently powering almost all of the <a href="https://coinmarketcap.com/view/defi/">top projects within the decentralized finance universe</

What Are Liquidity Pools in DeFi and How Do They Work?

Yield farming has been one of the popular concepts in the DeFi (Decentralised Finance), allowing users to generate more income on their existing crypto assets using different strategies. This may include lending, arbitraging, providing liquidity, and margin trading, a

Yield farming Through Options

Amidst the rising excitement around cryptocurrencies, it appears that they are finally headed towards mainstream acceptance and this could open up new perspectives in the crypto space. As the year comes to an end, let us have a look at some of the key themes for 2021.

Cryptocurrencies: Key Themes For 2021

<h2>What is Leveraging, and How Does It Work?</h2>
Leveraging is a tool that allows a trader to use borrowed funds to open and manage positions greater than their capital. Trading DeFi coins with leverage, when done right, can help you take up larger

How to Trade DeFi Coins With Leverage?

If you’ve been in the know about cryptocurrencies for a while now, you must have heard of <a href="http://prod-wp.delta.exchange/blog/introduction-decentralized-finance-defi-advantages">DeFi</a><span style="font-weight: 40

Outlook for DeFi in 2021

<h2>Overview of Delta's AMM Pools</h2>
 

Our overarching goal behind launching AMM Pools is to democratize market making. In TradFi, market making has been the dominion of a handful of specialized firms. These firms develop proprietary trading strategies and typically use their own capital to ma

How Delta’s AMM Pools Work – Democratizing Market Making

While blockchain technology has certainly democratized finance, it still operates in two forms - centralized finance (CeFi) and decentralized finance (DeFi). Both are equally important players in the cryptocurrency industry and make good use of the distributed ledger

CeFi exchanges vs. DeFi exchanges

The term DeFi, or Decentralized Finance, refers to an ecosystem of financial applications built upon blockchain networks. The DeFi movement aims to create permissionless, open-source payment protocols not unlike the already existing fiat payment networks. Exc

The Different Use Cases Of DeFi

Within the DeFi world, liquidity mining is the process through which a cryptocurrency exchange platform can reward the pool of users who provide the platform with liquidity. Essentially, it’s a market making strategy that allows anyone from any corner of the world to

What is Compound’s Liquidity Mining ($COMP)?

DeFi, or decentralized finance, continues to enable entirely new and convenient financial models for the masses. One we’re choosing to focus on in this post - is the concept of flash loans. Flash loans allow you to take credit worth millions of dollars, without any co

Understanding Flash Loans

Yield farming is the latest buzzword around the DeFi (decentralized finance) world. The basic concept of yield farming involves generating more returns with your existing crypto: yield farmers lend out their crypto assets and earn more crypto as reward. Since DeFi is

Yield Farming Strategies

<h2>What is Bancor v2?</h2>
Bancor is a liquidity protocol that sanctions automated and decentralized exchanges over Ethereum and across blockchains. Users can deploy and customize AMM (Automated Market-Maker) liquidity pools, trade tokens, and provide liquidity to the reserve pool

How Does Bancor v2 Work?

<h2>What is $YFI?</h2>
In the simplest of definitions, $YFI is the governance token for Yearn.Finance, a DeFi yield farming network running on the Ethereum blockchain. DeFi, for those unaware, is decentralize

DeFi’s Bitcoin: $YFI Explained

<h2>What is Curve.fi?</h2>
Curve.fi, or Curve Finance, is essentially a DEX (decentralized exchange) platform for stablecoin swaps (like USDC to USDT) at low transaction fees. It’s quite similar to Uniswap in the sense that it uses liquidity pools. A

How Curve.fi Works

Many in the crypto space are talking about Ampleforth (AMPL) and how this next big token is going to take off. What is Ampleforth though? What is the hype all about? How is it not just another cryptocurrency with short-lived hyped? Let’s find out. <span style="

Understanding Ampleforth (AMPL)

We are excited to introduce a new offer where you can win up to $1000.

Users eligible for this offer will get to see a personalized banner with the Target Fee to be paid in Offer duration and the reward value on the Delta Exchange trading platforms after logging-in.

Cashback Offer

We are excited to introduce a new offer where you can win up to $200.

Users eligible for this offer will get to see a personalized banner with the Target Fee to be paid in Offer duration and the reward value on the Delta Exchange trading platforms after logging-in.<

June Bonanza

<h2>What is Anti Phishing Code?
</h2>
Delta Exchange's Email Anti-Phishing Code is a unique alphanumeric code included in every email sent by Delta Exchange. By cross-referencing the code in the email with the code in the Anti Phishing section of the security page in Delta Exchang

Delta adds Anti-Phishing Code to emails for enhanced security

<h2 id="h-how-to-disable-google-authenticator-sync-feature" class="wp-block-heading">What has changed?</h2>
Until now, the Google Authenticator app used to store OTPs only on the primary device. This meant that if a user lost access to their device, they wouldn’t be a

Disable Google Authenticator cloud sync feature for better security

We are excited to introduce a new offer where you can get 40% cashback on fee paid from 12 May 12 am UTC - 31 May 11:59pm UTC.

This offer is valid for two sets of traders:
<ul>
 	<li>Traders whose average fees paid in the last 20 days is at least $50 in cash, get 40% cashback when they pay 2x <

May Cashathon

We are excited to introduce a new offer where you can get 50% cashback on fee paid from 21 April 12 am UTC - 30 April 11:59pm UTC.

This offer is valid for traders who have paid at least $10 fee in cash till 31 March 2023.

Terms & Conditions:
<ol>
 	<li aria-level="1">Offer starts on 2

April Rush: Trade & Win $250

A regular to the Delta blogs? You must already have a solid understanding of some basic concepts when it comes to options trading. However, if you’re still wondering how to take your crypto options trading game to the next level, this detailed article is the perfect n

Advanced Crypto Options Trading Strategies for Seasoned Investors

We are excited to introduce a new offer where you can get 50% cash back on fee paid on scalping trades on Futures. This offer is only valid till 4th May 2023 11:59pm UTC/ 5th May 2023 5:29am IST.

 

What is Scalping?

Scalping involves buying and selling

Futures Scalper Carnival

Update: The offer has expired. Eligible users have been contacted and rewards credited to their trading account.

 

We've rolled-out a special offer for our Futures traders; get 50% Fee Cashback* up to $500!

<span style="font-weight: 40

7 Day Futures Challenge

We are excited to introduce a new offer where you can get 100% cash back on fee paid on scalping trades on Options. This offer is only valid till 21st April 2023 4:30am UTC/ 10am.

 

What is Scalping?

Scalping invo

Options Scalper Carnival

Every trader has their preferred tools to perform <a href="https://www.delta.exchange/blog/guide-technical-analysis-crypto-trading">technical analysis</a>, but it’s important to still acquir

What is Aroon Indicator & How is it Used?

In light of the recent events in the industry we would like to reiterate that all customer funds on Delta Exchange are safe and available for withdrawal at any time.

 

We keep funds with best in class custodians and we have dollar for dollar, bitcoin for bitcoin, ether for ether i.e. 1:1 cover

Transparency Message from Delta Exchange

A fantastic chance to win up to a $2500 Bonus in Trading Credits on Depositing money in your Delta wallet. The depositor fortune offer provides you the opportunity to utilize your deposits and get a percentage of this in Trading credits.

Offer Details:
<ul>
 	<li>Users will get

Depositor Fortune : Win $2500 Bonus

<div></div>
<div>Options Weekly is a brief overview of the Crypto Options market. This is not financial advice.</div>
<div></div>
<div></div>

<hr />

 

 

Date: 8th July 2021

 

Bitcoin Options</spa

Options Weekly – Trading Bitcoin and Ethereum Options – July 2021

<div></div>
<div>Options Weekly is a brief overview of the Crypto Options market. This is not financial advice.</div>
<div></div>
<div></div>

<hr />

 

 

Date: 4th June 2021

 

Bitcoin Options</spa

Options Weekly – Trading Bitcoin and Ethereum Options – June 2021

As a crypto trader, you’d know that crypto options provide investors with the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified period. These instruments play a crucial role in the crypto market, allowing pla

Options Expiry Dates: Understanding the Impact on Options Trading

The world of crypto options trading is complex and dynamic. It involves a myriad of strategies and tools explored constantly by traders. Among these tools and strategies, the crypto options chain<span style="font-we

Crypto Options Chain Analysis

Passive income in crypto is a great way for beginners and experienced traders alike to earn while balancing other commitments. It provides beginners the opportunity to learn about investments as they earn, and allows seasoned financial growth without the need for cons

Earn Passive Income With Crypto

In the fast-paced world of crypto derivatives, there's a strategy that stands out for its precision and potential: gamma scalping in crypto options. It's not your typical trading technique; it's a systematic approach that lets you harness the crypto market's volatilit

Gamma Scalping in Crypto Options

The world of cryptocurrencies has its ups and downs. Similarly, a trader will have bearish or bullish sentiments depending on whether he/she expects the asset’s price to go up or down. To capitalise on market opportunities, a crypto trader must be adaptable and pick a

Bullish Crypto Options Strategies: Types and Working Process

Any trader worth their salt would engage in <a href="https://www.delta.exchange/blog/guide-technical-analysis-crypto-trading">technical analysis</a> of their financial markets and assets, re

Volatility Skew in Crypto Derivatives Trading

Trading in cryptocurrencies is both thrilling and challenging, especially for beginners. Many people are attracted to the volatile market because of its potential for high returns. A significant benefit of crypto options is that it offers multiple ways to earn profits

5 Crypto Options Trading Mistakes You Must Avoid

Crypto options trading is gradually emerging as a popular alternative investment strategy for traders who wish to diversify their portfolios and make profits in a declining market. For beginners, a crypto option is a contract that provides the holder with the right to

How Crypto Options Traders Can Benefit from Market Volatility?

Crypto markets have always been known for their volatility and profit-yielding potential. But with high returns, comes high risks. While trading with crypto options, anticipating the future prices of underlying assets rightly is very important.  Here a proper utilisat

Understanding Implied Volatility in Crypto Options Trading

Delta Exchange has introduced 'Cross Margin’ mode. In this blog we will understand some key differences between Isolated and Cross margin mode and how Cross margin will benefit traders. 
<h2>Isolated Margin</h2>
<span st

Cross Margin

Options spreads are a popular options strategy that entail simultaneously going long and short two call (or put) options of the same expiry date. Typically, two different trades are required

Trader’s Guide to Options Spreads at Delta Exchange

If you’re ever wondering why the traditional capital market is often touted as the safest place to invest - often, it’s because of market liquidity. Conventional wisdom states that the more the number of orders and trades with relation to a particular security or an a

Why Are Derivatives Essential For The Crypto Markets

<h2>Introduction</h2>
This blog shows how to automate a trading strategy on Delta Exchange using TradingView and Next Level Bot without writing a single line of code.

Please note that this is only for educa

Automated Trading Guide: No Coding Required

As an investor, you may have heard about buying call options to speculate on rising crypto prices. At Delta Exchange, we see a lot of interest around that trade. But have you ever considered the alternative approach: selling cal

Selling Call Options – How to Profit?

Options trading offers a diverse range of strategies to investors, including the intriguing realm of deep in the money (ITM) and deep out of the money (OTM) options. These options, with their unique characteristics and risk-reward profiles, provide opportunities for tr

Deep OTM/ITM Options: An Overview of What They Are and How They Work

Great news! Following customer feedback, we have reduced the Options Liquidation Factor from 0.75 to 0.5 for all the underlyings. 

 

Liquidation Factor decides the fee a user pays in the event of liquidation.<

Liquidation Fee Reduced by 33%

We are stopping all deposits for Sol (via Solana blockchain and BSC) with immediate effect.

Should you deposit Sol on your Sol wallet address you may not see them credited to your account and you can lose your funds. Please don't send any more Solana deposits.

This decision is

Temporary Suspension of Sol Deposits

We will be halting the trading of the following contracts on 14th November at 12:00 PM UTC, These contracts would be placed in reduce-only mode a few hours before the delisting.

AAVEBTC
ADABTC
ALICEUSDT
ATOMBTC
AUDIOUSDT
AXSUSDT
BANDUSDT
BATUSDT
BNBBTC
CELOUSDT
DASHUSDT
DOTBTC
EGLDUSDT
ENJUSDT
EOSU

Delisting of certain Futures contracts

Every week users who pay $10 or more USDT Fee are eligible for Reward as per table.

 

Reward Structure:

 
<table style="width: 64.3052%; border-color: #000000; border-style: solid;">
<tbody>
<tr>
<td style="width: 33.4171%; text-align: cente

Win $1000 Reward

We are excited to introduce a new offer where you can win up to $200 Deposit Bonus.

Users eligible for this offer will get to see a personalized banner on the Delta Exchange trading platforms after logging-in.

Hurry Up! <a href="https://www.delta.exchange

$200 Deposit Bonus with 100% utilization!

Delta Exchange is giving a 10X Trading Bonus - up to $1000. Just Pay $10 or more Options fee in 7 days to get 10X Options fee paid as Trading Bonus

Terms & Conditions:
<ul>
 	<li aria-level="1">Offer launch date is 12

$1000 Options Trading Bonus

Delta Exchange has launched a new offer where traders can earn up to $200 Delta cash based on fees paid by them in a 30-day period.

Offer Details:
<ul>
 	<li style="font-w

Claim Up to $200 Delta Cash

Delta Exchange brings you an amazing opportunity with its “Friday Blockbuster Offer” where you can earn Free Trading credits up to $500 based on your Trader Score.

Offer Details:
<ul>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-

Friday Blockbuster – $500 Reward

Delta has brought a new offer for all options users which gives 50% cashback on the trading fee paid.

Terms & Conditions:
<ul>
 	<li style="font-weight: 400;" aria-level="1">Maximum cashback per user per day capped at

50% Cashback Offer On Options Fee

<blockquote>This offer has ended on 7-Apr-2022</blockquote>
Options can be an excellent investment vehicle to capitalize on short-term price movements making them a worthwhile strategy. Advanced o

$100 Cashback Offer on 1st Options Purchase

<ul>
 	<li aria-level="1">This offer is applicable to all the current and new traders who wish to refer users to our platform.</li>
 	<li aria-level="1">Earn $175 Delta cash per new Option Trader Referred</li>
 	<li aria-level="1">Delta cash can be used for paying trading fees.</li>
 	<li aria-l

Earn $50,000 – Refer Option Traders

We will be halting the trading of LUNA-USDT Perpetual Swap contract at 6pm UTC today.

 

Traders are advised to close their positions as soon as possible, before the delisting of the LUNA contract.

 

The positions will be closed at a pric

LUNA-USDT Perpetual Swap Contract to be halted.

A system malfunction around 5pm UTC, 9th May resulted in a few erroneous trades that happened far away from prevailing market prices. In order to resolve these erroneous trades, we had to halt trading and take markets offline. We expect to be able to complete the resolution of the erroneous trades b

Erroneous Trades Resolution: 9th May 2022

Ahead of the NEM's Symbol (XYM) <a href="https://nemplatform.com/symbol-migration/">airdrop program</a> to XEM holders; trading in <a href="http://prod-wp.delta.exchange/app/futures/trade/XEM/XEMBTC">XEM-BTC</a> and <a href="http://prod-wp.delta.exchange/app

All XEM contracts to be paused temporarily – Will resume at a later date

The NEM's Symbol (XYM) <a href="https://nemplatform.com/symbol-migration/">airdrop program</a> to XEM holders has been pushed back to February 2021 by the NEM team. This post is a follow-up related to our recent <a href="http://prod-wp.delta.exchange/blog/xem-contracts-to-be-paused-

Update – XYM airdrop pushed back – XEM contracts will resume later

XEM contracts to be paused temporarily – Will resume from 15th January

Unlike stock markets, crypto markets are open 24x7 and trading should happen in a continuous manner. Ideally, an exchange should never go down and trading should never stop. But, there are still times when markets need to be disrupted.

Single Price Auction is a well-known method used by prominent

Bootstrapping Liquidity using Auctions

We are excited to release our first market making bot to the general public. Market making has never been such a breeze. Just bring in your risk capital and start making markets on Delta.

Source code for market making bot is publicly available on our Github account <a href="https://github.com/del

Market Making on Delta

Bullish View on ETHUSDT

Welcome to Daily Trade Setups.

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:</span

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

Bearish View on ETHUSDT

Welcome to Daily Trade Setups.

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

<span style="text

Introduction:

The world of cryptocurrency is no stranger to volatility, and Bitcoin (BTC), the pioneer of digital ass

Bitcoin is up 29% in the last 10 days and is trading at $8216. Further, over this period, the uptrend has been quite strong and consistent. It is in this backdrop our 2nd trading competition was held.

All participants were given 1BTC as margin money to trade our <a href="http://prod-wp.delta.exch

Trading Competition #2: Go Long or Go Home

Our first trading competition ended this morning. The 3 days (22nd — 25th June) over which the competition ran turned out to be a fortuitous period that saw BTC price fall from $6683 to $5866 before recovering to $6146.

This high volatility presented many trading opportunities on both long and sh

The Results are in …

Derivatives are a zero-sum game.. but not on <a href="https://testnet.delta.exchange/app">Delta Testnet</a>. In our first Trading Competition, we are gonna have 3 winners and no losers!

<img class="aligncenter wp-image-7300 size-full" src="http://prod-wp.delta.exchange/wp-content/uploads/2018/12/

Let the Trading Games Begin!

Enter the captivating world of crypto trading, where the power of bull flags and bear flags awaits. These mesmerizing patterns within the crypto market offer traders a gateway to potentially gargantuan profits. 

Bull flags and b

Trading Bull Flags and Bear Flags: An Overview and Trading Strategies

The world of crypto is highly volatile and unpredictable, making it challenging for crypto traders and investors to manage risks and maximize returns. Each of two popular trading strategies for crypto investors - short selling and margin trading, come with own advanta

Short selling vs Margin Trading – Which is better for Crypto Traders?

In the world of <a href="https://www.delta.exchange/app/options_chain/markets">crypto options trading</a>, there are many strategies that traders can use to maximize gains and reduce risk. O

Understanding Iron Condor: Crypto Options Trading Strategy

The cryptocurrency market is notoriously volatile, with rapid fluctuations in value that can be difficult to predict. As a result, managing risk is crucial for any investor looking to protect their investments. One effective way to manage risk is through hedging using

Hedging Your Crypto Portfolio with Options Trading Strategies

The world of crypto trading can be a rollercoaster ride with extreme volatility and unpredictable price movements. As a result, traders are always looking for ways to protect their investments and manage risks effectively. This is where the collar options strategy com

Introduction to Collar Option Strategy

The Stochastic Oscillator is a <a href="https://www.delta.exchange/blog/technical-indicators-crypto-trading">technical indicator</a> used to generate overbought and oversold signals, and can

Delta Exchange Blog

Company

Resources

Information

Support