THETABTC trade ideas
theta btcsiamo in una fase laterale del 4h pero abbiamo dei minimi crescenti su una trandline rialzista , il nuovo retest della ssb potrebbe portare il prezzo prima z 2469 e dopo a 2599
Theta LONG -- BIG PUMP coming soon$Theta has leveled off and slowed seller volume around .786 fib level.
We are seeing a potential cup form over the last 4 weeks which gives weight of a strong formation. Current forming a pennant off the bottomed .786 level. If pennant breaks then we could sell at .27 for easy profit. If pennant breaks then look to see bounce around .21.
Could see it test .21 sat (Current risk to reward ratio of 7% : 20% )
Sell order could be put in at .27 which is the 200 day moving average (We've seen Theta work off MAs and could be a potential pattern)
-This would give us the 20% reward
MACD shows us a strong up trend.
I have Theta as a long term hold. If it can come back to ATH of a month ago that's 123% profit long.
Weekly Frame gives us a spinning top close (good sign of reversal)
THETA Charting PracticeLooking at 4 hour candle sticks, I currently see that THETA is testing waters between .000023 and .000021. The MACD line is currently above the signal line, but closing in on crossing below the signal line. The relative strength index is also pointing lower to the high 40's indicating some selling pressure. I would wait to a 1-3 days for this to bottom out more than buy in
THETA. IS THE BOTTOM IN ?TI sequential signals an A13 candle which means that there could be more upside action in the coming days. I wouldn't recommend to marketbuy here. Wait for a retracement and get in !
$THETA Trying to find support...
UCTS Buy signal on the 6H
Sitting at EMA200/~2250sats
Volume is low for now
Trying to break descending trendline for at least a small bounce
MACD (bullish div) & RSI slowly turning
If 2750 breaks with volume, aim for higher targets
#THETA
$THETA IS ON THE VERGE...The entire market seems to be holding it's breath at the moment, so trading is risky. That said, this is the best looking setup to me at the moment. Broke descending resistance, oversold bull div , potential double bottom - needs to break the horizontal black line. And Bitcoin needs to behave.
Great entry point for THETA coming soon !!!Around 2090 satoshi is the where 0.78 Fibonacci retracement meets the support line (line between two previous tops.
In my mind that's a PERFECT ENTRY FOR THETA !!!
$THETA breakout about to happen* bullish divergence on RSI, MACD and Stochastic
* we are almost at 78.6% Fib Retracement of the initial run
* @binance added $THETAUSDT trading pair
* 1st target 50MA
$THETA Reached a good support level at ~22k sats...$THETA Reached a good support level at ~22k sats... Sitting over EMA200
Volume is still low but it could be a good place to start accumulating after a 50% drop...
If it fails to hodl, ~19k sats seems to be the next level
If it bounce from here targets are on chart
#THETA
THETA/BTC 4H CHART. ALMOST READY TO GOBroke out of channel after bullish divergence.
Wait for backtesting and next move BTC.
If BTC shoots up we might see THETA moving back in to the channel and test the lower line.
If BTC holds for longer period time, THETA might move up.
If BTC drops than THETA might shoot up but loses USD vallue.
Theta 4hI think it is time to show a reaction for THETA :D
Positive RSI divergence will work I guess.
Stop under current support line
THETA, interesting coin to play between levelsTheta spent a lot of time playing between Fibo levels, now it's time to take profit from it. We have 38.2, 50 and 61.8 Fibo levels, and most likely we'll see 38.2 bounce. So buy!
BUY: 2742 (NOW)
STOP: 2638
TAKE1: 3172 - below 50% Fibo
TAKE2: 3588 - below 61.8% Fibo
Easy trades, my friends!
Enjoy and subscribe!
