Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.

Crypto Pair: LINK-USDT

Date: 29th January 2021

LINK has sharply rebounded from the 20 USDT handle. One could look to Long above 24 USDT for a target of 30 USDT with a SL below 20 USDT.

Trade LINK-USDT on Delta.

Crypto Pair: ETH-USDT

Date: 27th January 2021

ETH has sharply reversed after touching ATH near 1500 USDT. One could look to Long above 1400 for a target of 1800 and 2100 USDT. Short below 20 DMA for a target of 1050 USDT.

Trade ETH-USDT on Delta.

Crypto Pair: ZEC-USDT

Date: 25th January 2021

DeFi coins have led the alts rally with AAVE and UNI hitting all time highs. Other Alts are likely to follow. One could look to Long ZEC above 20 DMA at 95 for a target of 130 and 180 USDT with a SL below 80 USDT.

Trade ZEC-USDT on Delta.

Crypto Pair: BTC-USD

Date: 20th January 2021

BTC is moving around 20 DMA. Any potential breakdown from here may potentially lead to further correction to $24K-$26K range. One could look to short below 35000 for a target of $26K.

Trade BTC-USD on Delta.

Crypto Pair: LTC-USDT

Date: 18th January 2021

Trade LTC-USDT on Delta.

Crypto Pair: ETH-USDT

Date: 15th January 2021

Trade ETH-USDT on Delta.

Crypto Pair: BTC-USDT

Date: 13th January 2021

BTC has corrected ~25% from its parabolic high at ~$42K. It has formed an H&S pattern with the head at $42K and shoulders at $36K. Short below $30K for the target of $24K and long above $36K for a new ATH.

Trade BTC-USDT on Delta.

Crypto Pair: MOVE Options

Date: 11th January 2021

Realized volatility continues to be very high since the start of Dec 2020. One can look to long daily and weekly MOVE Options on Delta for long Vol. exposure. Also, for directional play, Put and Call Options provide a mean to high reward potential with limited risk.

Trade MOVE Options on Delta.

Crypto Pair: BAL-USDT

Date: 8th January 2021

BAL has a monthly resistance at 18 USDT. One could look to long on a successful breakout above 18 USDT for the targets of 24 and 36 USDT and a SL below 20 DMA.

Trade BAL-USDT on Delta.

Crypto Pair: AVAX-USDT

Date: 6th January 2021

AVAX is trading near its monthly resistance at 4.5 USDT. One can potentially look to long above 4.5 USDT for a target of 6 USDT with a SL below 3.5 USDT.

Trade AVAX-USDT on Delta.

Crypto Pair: REN-USDT

Date: 4th January 2021

Alts have caught up with BTC in the last couple of days. Laggards should lead the rally going ahead. REN has broken the crucial resistance of 0.35 USDT. Long with the target of 0.45 and 0.60 USDT with a SL below 0.30 USDT.

Trade REN-USDT on Delta.

Crypto Snippet - January 2021