Delta-Ex-research

BTC - NEW SWING HIGH- CALL SPREAD

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bullish View on BTCUSDT

Trade:

Buy 47000 Call option of 3 January expiry @ $150
Sell (2x) 48000 Call option of 3 January expiry @ $75 each

Stop Loss: Spot level = $44000

Target: Spot level of $48000

Max Profit: $1000/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 45000 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.
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