Research

Sideways View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Buy 35600 Put option of 18 November expiry @ $150</li><li>Sell (2x) 35000 Put option of 18 November expiry @ $70 each</li></ul>Stop Loss: Spot level = $37600 Target: Spot level of $35000 Payoff chart at Expiry:<ul><li>Max Profit: $590/BTC</li></ul><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-8.47.37-AM-1024x462.jpeg" class="kg-image" alt loading="lazy" width="525" height="237"></figure>Rationale: BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term. Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-8.49.13-AM-1024x447.jpeg" class="kg-image" alt loading="lazy" width="525" height="229"></figure>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.

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

 * Buy 35600 Put option of 18 November expiry @ $150
 * Sell (2x) 35000 Put option of 18 November expiry @ $70 each

Stop Loss: Spot level = $37600 Target: Spot level of $35000 Payoff chart at Expiry:

 * Max Profit: $590/BTC

Rationale: BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term. Adding to our odds, ou

Trade Setup 17 Nov 2023