Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Put- BTC  – 38000 –  15  December expiry at 100$</li>
<li>Sell Call –BTC  – 43000 –  15  December expiry at 100$</li>
</ul>
Stop Loss: Combined Premium of $400 of both legs
Target: Premium of $0 in both legs
Payoff:
Max Profit: $200/BTC
Max Loss : $200/BTC
<img loading="lazy" decoding="async" class="aligncenter wp-image-34023 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.09.19-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
<img loading="lazy" decoding="async" class="aligncenter wp-image-34024 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-1024x447.jpeg" alt="" width="525" height="229" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-1024x447.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-300x131.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-768x335.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-24x10.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM-48x21.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-13-at-10.10.25-AM.jpeg 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.

Trade Setup 13 Dec 23