It is the time for some asked crypto tokens.
I start with Theta.
2 possible path are shown in the chart.
*** NOTICE***
A remarkable amount of tokens may be eliminated completely before the start of the next bull market.
HI All,
#THETA trading opportunities and how price action aligns with certain aspects of known methods and hence a draft plan on how to trade this.
Please give us a like and share,
All the best,
S.SAri
THETA has been in a potential 5 month accumulation.
It even bottomed at $1 an held for a whole month while BTC crashed further.
This is potentially very bullish!
5 months is potentially enormous pressure building for an explosive upside move!
Extensive coverage of THETA in my free one hour video available through the link on my profile page.
I called THETA to...
The market is currently offering some huge opportunities on certain Alts.
After a decent break-out, THETA is currently retesting the previous resistance zone.
That gives us a wonderful place to manage our risk.
Are you long too?
Theta is retesting this moment the previous range high.
Turn this level into support and will fly straight to 1.76 in the short term.
Afterwards a deviation will likely happen and the breakdown will follow, considering how bearish September has been in past for crypto.
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Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
I wasn't going to make a thread on THETA but since my bearish call went so well for it from $12 down to $1 in tandem with BTC to hit 20K, I thought I will make one for the potential reversal here.
The only reason I didnt make a thread is that THETA isn't the cleanest chart here. As yet it has not reversed at any particular Fibonacci juncture, it didn't quite...
Quick writeup
We can clearly see how THETA respects channels it's in. Last 5th wave still awaits. Is this the start? Unclear. If you want confirmation, wait for the price to break the upper border of the channel.
EW basics on chart:
- 5 waves
- alternation law: one correction is flat, the other is zigzag
- zigzag is a deeper one
THETA weekly chart: as we continue to finalize
the bottom of the market, which we are there
or very very close in my opinion, we have this
projection of price action in the next 483 days.
This senario is very similar with other digital
assets from years ago and played out...lets just
keep our eyes on the chart and what the RSI,
trendlines and Fibonocci...
On the above 2-day chart price action has appreciated a massive 27500% in just a little over 300 days since the life cross.
I’m afraid a death cross has just printed on this 2-day chart, which means price action is now in a bear market.
A bear market is defined as:
1) The 50-day SMA (blue line) crossing down the 200-day (red line).
2) Price action trading...
