THETABTC trade ideas
THETA - ready for the next move !!THETA seems poised to make the next move !
It has been correcting for 2 months now and is making ping pong in a horizontal channel.
On a sentiment level we can see that when THETA reached these levels (marked by the red vertical lines) the price shot up again.
Watch out !! The next move may have already begun !!
THETABTC is creating a nice descending channel 🦐The price is creating a nice descending channel on 4 timeframe and now the price is testing 4h resistance. IF the price will have a breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Great trade🔥Get ready, folks🔥
One more trade is on the way to make you rich😎
There is a Flag formation on THETA/BTC crypto pair.
There was a strong and confident bullish sentiment before.
Then price entered into consolidation and multiple times bounced from support and resistance zones.
Price target is around 0.0002850 zone.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
THETABTC: Surviving a BloodbathWhile nearly all ALT's have been massacred by the recent pullback, it is a regular Wednesday for THETA.
What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)
What does macro analysis tells us?
- BTC has a chance to bleed even more
So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.
In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.
THETA beginning of a big massive bull flag downSo far theta is struggling to hold the 20k Support
Let's see how it pans out in the coming days and if it manages to break out to the upside
or continues on its downward trajectory, consolidating in a bull flag throughout April.
It looks bearish short term.
But then big massive raging bull once it's finished consolidating.
FLAAAAAAAAAAAG🔝New but not the last idea for today🔥
One more Flag pattern on THETA/BTC crypto pair.
There was a slight bullish movement, then price entered into consolidation.
After price bounced from support and resistance zones multiple times.
One more touch of support zone is expected.
So follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Possible accumulation targets for Theta TokenI've been looking for good entries on THETABTC. I personally think the bottom of valley could be the possible accumulation zone and the possible distribution target of its high of the candle (high of the swing low) but I'm too of a beginner to make clear decisions.
What do you think is the possible buy and sell targets? Share your thoughts.