I am seeing some bullish action but still mixed with weakness...
We will have a better picture in a few days and hopefully things will go towards the bulls, but we can't know for sure.
I have to give you the whole picture.
After the June breakout THETABTC technically remains strong.
The correction took prices as low as 0.618 Fib. retracement which is normal and...
Hello traders, here's an update on THETA in BTC pair for spot trading.
Timeframe: 8 hours.
Update: Theta token has been a deal breaker for traders in the BTC pair. If you do the backtesting then it has given 40% to 90% profit on the spot. I understand that Theta is under a descending triangle formation and technically it is a bearish pattern but only when...
almost at buy point imo
Rune, Theta, AAVE been missing out on all the fun
guess its time to scale into whatever the next cycle will be for
most likely with Dominance bouncing it'll be bitcoin time
BNB possible candidate .
remember btc pairs could bleed when the King gets going...
Theta Network (THETABTC) did not produce a lower low on 13-June, instead it happened earlier, signaling that this is one of the strong pairs.
We can see THETABTC already trading above EMA100;
Also strong above EMA50.
This pair can easily continue growing.
Note: On a drop/flash crash, the low set at 0.00003718 will work as support.
As long as this level holds...
A subscriber asks a very intriguing question on whether the THETA/BTC chart has bottomed and what this might mean for THETA. Let’s look at the chart.
We can see what looks to be a completed correction, with an ABC pattern finishing with a compound ABCDE correction in the C-wave. This has formed a double bottom on the 0.786 Fibonacci projection of the A-wave from...
We have the Theta Token (THETABTC) altcoin trading pair on screen, let's see what's up.
The low level hit on 22-Jan. 2022 turns out to be the 0.786 Fib. retracement level for the bullish wave starting March 2020, this is a strong support level where bounces and reversal tend to take place.
Now, if you were to look at the weekly chart it is easy to see that there...
The price retraced more than 80% since his double top.
On the daily timeframe, the market created a double top and now is creating a descending channel.
We are monitoring the price for a breakout of 0.0000880.
How to approach?
IF the price is going to have a breakout from the descending channel with Volume, According to Plancton's strategy , we can set a nice...
BINANCE:THETABTC is in a falling wedge since March of last year. It has broken off the top of the wedge on 24 December and has just touched the top of the structure. I'm betting that this is a retest and that it will reverse upwards from here.
Points in favor of this trade:
- The falling wedge structure is solid.
- We are retesting the downward trendline after...
THETABTC price holding the support zone since last week. There is a bullish engulfing candle formed and the price holds the EMA 21 level, So we are expecting the bulls will take control after breaking the trendline and pull the price towards the 0.01300 level again. Good Luck!
After a months long descending triangle, THETA Network seems to be breaking away from BTC. This token has been like an annoying little brother to BTC since May. Is the token finally growing up? Possible retest, but break-up seems imminent.
Theta is in a wedge under which there is a static support and a strong trend line.
In area 1028, Satoshi is also placed on top of a support, due to its good momentum after breaking the wedge, it can touch the
SL: if any daily candle close under 0.0000920
if it breaks upwards we have officially had a test of the previous ath versus btc.
I keep an eye on green box. If there is a strong reaction in this zone, I open a lung.
Otherwise I'll wait for the rejection at the red box. wait for the switch from bear to bull on the lower timeframes.
Thats it trade safe champs.
Ps; for me it is a strong signal when I come...