redfoxpack

THETA: Hold on tight for a bumpy ride & Watch the Trading Range!

Long
BINANCE:THETAUSDT   Theta Token / TetherUS
I know this is a shaky and bumpy ride, but the real question is: Do you believe in the technology and vision?

There are so many coins that have no intrinsic value, but a few actually do:
PUNDIX offers real physical products for paying with crypto, VeChain can actually solve supplier-chain issues and Theta does not only help with fair bandwidth allocation, but enterprise validator nodes are run by "Google, Samsung, Sony , Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC and gumi. Theta leverages its user base of millions of viewers on the Theta Network to seed its peer-to-peer video network along with premium content partnerships with Lionsgate, MGM Studios, NASA , and others. Popular video platforms integrated with Theta infrastructure include CONtv Anime, Party Poker, World Poker Tour, Cinedigm , Samsung VR , GameTalkTalk, MovieBloc, Ultra, GFUEL and other OTT media, entertainment, and live streaming services. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), Creative Artists Agency (CAA), and Silicon Valley VCs including DCM and Sierra Ventures." - https://docs.thetatoken.org/docs/what-is-theta-network

There are actually some more valuable coins (in my opinion) like Dent, SiaCoin etc., but you have to do your own due-diligence.

So, back from advertising to trading ;) I have highlighted the trading range for $THETA with a yellow box - our candles should close within that (especially weekly and monthly candles). Wicks can be outside of the box, but that's it. When 4hr candles close outside of the trading range, you will see them as a wick on the weekly or monthly chart - no need to be alarmed there and it takes strong nerves, because these shakeouts are sometimes pretty heavy. Large operators try to get the coins/shares as cheap as possible from retail investors, so they flood the market with supply; retail investors panic, sell their coins to "the market" (actually whales) and then the price takes off and large operators will sell the coins back to the same naive investors, who sold their coins at a bargain to them - kind of sickening isn't it?

All I can say is hold on tight for a bumpy ride and of course this is no financial advise, just some prep talk :D
Remember: "Nothing worth having comes easy." ― Theodore Roosevelt

For reasons of transparency: I am invested in $Theta with 1/4 of my account size. 3/4 are kept for buffer cash to buy sudden drops in price.

Stay healthy everyone!

Trade active: Are you paying attention? :) We are still in the Trading Range (TR) and I actually have my limit order ready around 1,80$ (you can see the demand zone and purple line), because this could be short term spot, where we price might head, in case $BTC should experience a shakeout (ST). But more importantly, watch the volume with every price decline. As long as we have small candle spreads with small volume, it's all good.
Comment: However, If we see a price decline with higher volume, then the market is not ready to get marked up and one should wait for another price drop before adding/increasing the position. I ususally watch the volume and price movement on the weekly/monthly timeframe.

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