MarketsFuturesOptions
AlgoHubPath 2
Algo Marketplace
Subscribe to Automated Strategies
Path 2
Trading Bot
Automate Bots from TradingView
Path 2
APIs
Create API key and Start Trading
Path 2
Trade Data
Download historical tick by tick data
Path 2
MorePath 2
Trade
RWA Tokens
Trade metal & stocks
Path 2
Straddle
Trade Straddles on BTC & ETH
Path 2
Spot
Buy and Sell BTC & ETH
Path 2
Strategy Builder
Create and analyse basket orders
Path 2
Demo Trading
Simulate real trading without risk
Path 2
Data
Analytics
A dashboard to visualize options data
Path 2
Rewards & Promotions
Offers
Claim Your Rewards
Path 2
Referral Program
Refer Friends and Get Rewards
Path 2
Delta Exchange Blog
Trade Setup 17 Jan 2024
Research

Trade Setup 17 Jan 2024

Delta Exchange
Delta Exchange
January 17, 2024

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

  • Sell 44200 Call option of 17 January expiry @ $200
  • Buy 44500 Call option of 17 January expiry @ $100

Stop Loss: Spot level = $44200 Target: Premium =$0 in both legs Payoff chart at Expiry:

  • Max Profit: $100/BTC

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 45800 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 and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to https://www.delta.exchange/research-disclaimer for analyst disclaimer and other disclosures.

Share