Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy 375000 Call option of 10 November expiry @ $225</li>
<li>Sell (2x) 39000 Call option of 10 November expiry @ $100 each</li>
</ul>
Stop Loss: Spot level = $35000
Target: Spot level of $39000
Payoff chart at Expiry:
<ul>
<li>Max Profit: $1515/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-33350 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-1024x462.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-300x135.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-768x346.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.18-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
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 36000 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. This steadfast adherence underscores the robust buyer sentiment in the market.
Moreover, we’ve observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 10. This uptick in OI for such options further bolsters our confidence in the current market conditions.
<img loading="lazy" decoding="async" class="aligncenter wp-image-33351 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-1024x480.jpeg" alt="" width="525" height="246" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-1024x480.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-300x141.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-768x360.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-36x17.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2-48x23.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-09-at-9.05.47-AM-2.jpeg 1330w" 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.

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Buy 375000 Call option of 10 November expiry @ $225
 	Sell (2x) 39000 Call option of 10 November expiry @

Trade Setup 9 Nov 2023

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