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Theta Token / Bitcoin

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THETABTC trade ideas

THETA forming an ascending triangle pattern, could move higher.THETA/BTC is currently forming an ascending triangle on the 4-hour. Following THETA's big move up on July 16th, it has now entered a bullish ascending triangle continuation pattern. THETA could have another 10-15% jump up based on the measured move of the ascending triangle. We also have a golden cross on the 4-hour MA's (50 MA crossing the 200 MA.) Price is currently retesting the flat line of resistance between 1190-1200, hence the more spread out entry. If price gets rejected here, we could see a pull-back to retest that rising support TL again. If one would rather wait for a break-out/retest of 1190-1200 as new support before entering in (to give a better indication that this wants to rally higher) that makes sense as well. Higher risk given the current market environment. MA Guide (All 4-hour for this post.) 50 MA in Green. 200 MA in Red. Entry: 1145-1190. Target 1: 1250. Target 2: 1320. Target 3: 1350. SL (Tight): 1125-1130 SL (Loose): below the 50/200 4-hour MA's. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress. -As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :) BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8 ETH: 0xe032430f158966F4118af917b5F1e024949697bB LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
by Deftsuo
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Theta (THETA) | +52% PP | FREE TRADING SIGNALPair: THETA/BTC (also available against USDT) Exchange: Huobi or Binance Trade Duration: Medium Risk: Medium Signal Strength: High Our Entry Zone 0.00001045 - 0.00001119 Our Targets 1: 0.00001326 2: 0.00001584+ Our Stop Loss: 0.00001004 If you liked this analysis, hit that thumbs up! Enjoy your day! Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page. Sources: binanceinfo
by Axsonex
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