$THETA #trianglegang Edition - Day Trader Explains
Ladies and Gentlemen,
Welcome back to TJ's Trade Corner!
Today we will be taking a look at $THETA, one of the mostly shilled and anticipated trading pairs out there with a really string set up as we will see here soon.
Lets begin with the market structure. We had a really insane pump in the beginning of March yet starte retracing from there almost immediately. The previous support of 2200 did not hold and we had to continue more downwards. Yet, right now we are getting quite pointy and starting to form a falling wedge. Over the last weeks it is getting quite obvious.
Should you go to the 3D chart, then you will see that this whole formation is one big falling wedge. Falling wedge on its own are already bullish, now lets take a look if we can find anything else.
The Volume, is very low and as expected no significant volume on the seller side over the whole retrace period. This is hilarious and only shows, people are not really selling, some maybe taking profits, hitting stop losses, trailing stops and so on. Also, just to make sure, everyone gets it, I will only enter a trade here, when we have significant buy volume on the daily. Yet, I kinda have the feeling that it will be very soon, since we are at the very tip of the triangle and looking at the...
...TJ-Stoch, we can see that it does not respect the 40p for impulse moves, but it really likes the 10p line, where we can see was as well the moment before the second last big pump on Feb 24th.
In addition to all of this, we can see that the TJ-MoneyFlow is slowly rising, same as the TJ-Stoch. Creating a slight bullish divergence against the descending $THETA chart.
This TA and a full trade set up has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers TJ
Welcome back to TJ's Trade Corner!
Today we will be taking a look at $THETA, one of the mostly shilled and anticipated trading pairs out there with a really string set up as we will see here soon.
Lets begin with the market structure. We had a really insane pump in the beginning of March yet starte retracing from there almost immediately. The previous support of 2200 did not hold and we had to continue more downwards. Yet, right now we are getting quite pointy and starting to form a falling wedge. Over the last weeks it is getting quite obvious.
Should you go to the 3D chart, then you will see that this whole formation is one big falling wedge. Falling wedge on its own are already bullish, now lets take a look if we can find anything else.
The Volume, is very low and as expected no significant volume on the seller side over the whole retrace period. This is hilarious and only shows, people are not really selling, some maybe taking profits, hitting stop losses, trailing stops and so on. Also, just to make sure, everyone gets it, I will only enter a trade here, when we have significant buy volume on the daily. Yet, I kinda have the feeling that it will be very soon, since we are at the very tip of the triangle and looking at the...
...TJ-Stoch, we can see that it does not respect the 40p for impulse moves, but it really likes the 10p line, where we can see was as well the moment before the second last big pump on Feb 24th.
In addition to all of this, we can see that the TJ-MoneyFlow is slowly rising, same as the TJ-Stoch. Creating a slight bullish divergence against the descending $THETA chart.
This TA and a full trade set up has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers TJ
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Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
