Bitcoin whispers from Options flow

18/12/2021 Yorgwarez

Bitcoin is trading recently in clearly visible Trading Range, keeping investors nervous and asking question – is it Distribution or Accumulation? From Daily Timeframe we see in general Positive/ Bullish sentiment from Options Traders, but it’s not fully confirmed by the market yet. Going into more detailed M30, we see recent signals of incoming demand to the market identified by VSA Scanner in form of Selling Climax and Climactic Shakeout. Also Volume Area (blue rectangle on the chart identified also by Scanner) is retested from the top (top edge on 45945) what adds fuel for Bulls.

From Daily Chart we could observe also equal ratio of Put and Call options what happened several times on level 46105. This is currently our major support which needs to be kept if Bullish tendence should continue be present on BTC . Currently on Options flow we see that level 50000 is strong Put Wall. Billions of dollars are loaded into Options with Strike Price above 50k. Around area of 50k also we have present Supply Zone (red rectangle ), therefore we can expect Bullish run up to that level, then correction most likely to happen. And here will come decisive moment for both camps – Bulls and Bears. We also have present Virgin VPOC on 54890 from beginning of December, what is another confluence factor for Long.

And what only worries me, is Virgin VPOC from 30th September on 43100, which is the level below the current price (for the moment of writing analysis). Let’s make some popcorn and see what happens next 😉 Here comes handly VSA Scanner script, which will at earliest possibility warn us before potential Supply signals and Bears entering the market.

Automatic analysers and indicators for Trading – based on Options data & Volume Spread Analysis. Complete Trading Suite at your reach!


Intraday Trader, trading mainly on Dax, S&P500 and Gold. Passionate of new technologies and ex-developer. Currently creating software after hours in order to improve Trading and perform automatic analysis on as big scale as possible. Not trying to predict future, however always having plan and possible scenarios to play.

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