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Delta Exchange Blog
Trade Setup 18 Jan 2024
Research

Trade Setup 18 Jan 2024

Delta Exchange
Delta Exchange
January 18, 2024

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

  • Sell 41500 Put option of 19 January expiry @ $130
  • Buy 41000 Put option of 19 January expiry @ $80

Stop Loss: Spot level = $41500 Target: Premium =$0 in both legs Payoff chart at Expiry:

  • Max Profit: $50/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 41700$. 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.

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