Research

Bullish View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Sell Put Spread - BTC  - 27200 - 26800 -  7 October expiry at 40$</li></ul>Stop Loss: Spread Premium of $80 Target: Spread Premium of $0 Payoff: Max Profit: $40/BTC Max Loss : $40/BTC<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-06-at-9.25.58-AM-1024x367.jpeg" class="kg-image" alt loading="lazy" width="525" height="188"></figure>Rationale: the Trend of BTC is up on daily time frame as 2 resistance has been violated viz 27400 &amp; 28000 &amp; price  is retracing back to support areas of 27200. OI Analysis is adding odds to above analysis as well, with major writing at 27200 and 27000 levels. Can check OI on below page - https://www.delta.exchange/app/options_analytics<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2023/10/BTCUSDT_2023-10-06_09-39-13-1024x568.png" class="kg-image" alt loading="lazy" width="525" height="291"></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.

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

 * Sell Put Spread - BTC  - 27200 - 26800 -  7 October expiry at 40$

Stop Loss: Spread Premium of $80 Target: Spread Premium of $0 Payoff: Max Profit: $40/BTC Max Loss : $40/BTC

Rationale: the Trend of BTC is up on daily time frame as 2 resistance has been violated viz 27400 & 28000 & price  is retracing back to support areas of 27200. OI Analysis is adding odds to above analysis as well, with major writing at 27200 and 27000 level

Trade Setup 6 Oct 23