BTC at Resistance levels - Call Spreads
Sideways View on BTCUSDT
Trade:
Sell Call Spread - BTC - 44000 - 44400- 27 December expiry at 65$
Stop Loss: Spread Premium = $130
Target: Spread Premium = $0
Max Profit: 65BTC
Max Loss : 665/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
Trade:
Sell Call Spread - BTC - 44000 - 44400- 27 December expiry at 65$
Stop Loss: Spread Premium = $130
Target: Spread Premium = $0
Max Profit: 65BTC
Max Loss : 665/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 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.
Aviso legal
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