Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy 37600 Call option of 11 November expiry @ $230</li>
<li>Sell (2x) 38400 Call option of 11 November expiry @ $115 each</li>
</ul>
Stop Loss: Spot level = $35000
Target: Spot level of $38400
Payoff chart at Expiry:
<ul>
<li>Max Profit: $800/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-33418 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-1024x462.jpg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-1024x462.jpg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-300x135.jpg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-768x346.jpg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-24x11.jpg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-36x16.jpg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce-48x22.jpg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.40.51_01c355ce.jpg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
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 11. This uptick in OI for such options further bolsters our confidence in the current market conditions.
<img loading="lazy" decoding="async" class="aligncenter size-large wp-image-33419" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-1024x473.jpg" alt="" width="525" height="243" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-1024x473.jpg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-300x138.jpg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-768x355.jpg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-24x11.jpg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-36x17.jpg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a-48x22.jpg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-10-at-10.41.04_66f39c8a.jpg 1330w" sizes="(max-width: 525px) 100vw, 525px" />
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.

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Buy 37600 Call option of 11 November expiry @ $230
 	Sell (2x) 38400 Call option of 11 November expiry @ 

Trade Setup 10 Nov 2023