BTC - SIDEWAYS VIEW- RANGE BOUND
Sideways View on BTCUSDT
Trade:
Sell Put- BTC - 41000 - 2 January expiry at 55$
Sell Call -BTC - 44000 - 2 January expiry at 55$
Stop Loss: Combined Premium of $220 of both legs
Target: Premium of $0 in both legs
Max Profit: 1120/BTC
Max Loss : 1120/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 44800 levels, resulting in a decline in BTC's value to 40250. We have a support areas / demand zone at 41000 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
Trade:
Sell Put- BTC - 41000 - 2 January expiry at 55$
Sell Call -BTC - 44000 - 2 January expiry at 55$
Stop Loss: Combined Premium of $220 of both legs
Target: Premium of $0 in both legs
Max Profit: 1120/BTC
Max Loss : 1120/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 44800 levels, resulting in a decline in BTC's value to 40250. We have a support areas / demand zone at 41000 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.