Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally.
Bitcoin (BTC) entered an upward channel in early January and despite the sideways trading near $40,000, order book analysts cited „significant buying pressure” and noted that the overall negative sentiment might be heading towards exhaustion.Bitcoin/USD price at FTX. Source: TradingViewIndependent analyst Johal Miles noted that BTC’s price formed a bullish hammer candlestick on its daily chart on Jan. 24 and Feb. 24, hinting that the longer-term downtrend is close to an end.However, the rally above $41,000 on Feb. 28 was unable to create strong demand from Asia-based traders, as depicted by the lack of a China-based peer-to-peer Tether (USDT) premium versus the the official U.S. dollar currency.Currently, there is positive news coming from the potential adoption of crypto by global e-commerce mark
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