Bearish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy C-BTC-29200-190823 @55</li>
<li>Sell C-BTC-29000-190823 @85</li>
</ul>
Stop Loss: Spot 29010 
Target: 01
Payoff:
Max Profit: $30/BTC
Max Loss w/o SL: $170/BTC
<img decoding="async" loading="lazy" class="aligncenter wp-image-32204 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-1024x629.jpeg" alt="" width="525" height="322" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-1024x629.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-300x184.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-768x472.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-24x15.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-36x22.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM-48x30.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.58.31-PM.jpeg 1194w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
On daily timeframe major support of 26000 is broken making the trend down.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32203 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-1024x464.jpeg" alt="" width="525" height="238" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-1024x464.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-300x136.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-768x348.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-330x151.jpeg 330w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-17-at-2.42.21-PM.jpeg 1281w" 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.

Bearish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Buy C-BTC-29200-190823 @55
 	Sell C-BTC-29000-190823 @85

Stop Loss: Spot 29010
Target: 01

Payoff:


Trade Setup 17 Aug 23

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