About meBeen trading crypto for years. (4+)
Ride the tide don’t let the tide ride you
I will post trades/alerts that I use for myself with Entry & SL.
Follow for BTC ETH THETA trades
I will post stock trades as well when time is right
IS theta due for a temporary pull back? I think so
Theta has had a solid past few weeks after rallying over 100% and much over 1,000% on the year.
Pull back would from here is likely and normal.
Accumulate on the dips
Short the tops off
or Hodl (Hold on for dear life)
(Not financial advice)
Theta update- trying to test .161
Closed my short position at break even and going to see if theta can continue this bullish run.
My thought is theta will fail .16 retest and if so, I will sell short 25% of theta position above .155 and look to re enter near support levels.
If theta breaks .161 then .17 is a possible TP target
Theta testing first line of support. .145
*In my previous update i called for .145 theta today
Before adding to my position I need to see how support levels hold (green lines)
Also need to see how btcusd performs as it is currently retesting 9300-9600
Any dump can lead to a bigger alt coin dump so safeguard your position w SL unless you are Theta HODL
Still short. @9500
The dotted arrows shows the best & worse case for BTCUSD at these levels.
Bitcoin has been on one hell of a ride as of late.
Ruling nothing off the table here but If i had to pick a side. It would be short 9600.
Lets see how this plays out.
Lets see if bitcoin can keep ripping through Shorts or if bitcoin pulls back and gear up for another...
Looks to me Bitcoin is forming a classic Bearish Divergence Pattern As of late.
That being said BTC can retest lower support before breaking 9500-9600
I would guard any long position with SL for fund protection.
I am looking to see BTCUSD find strong support before going long.
Until then I am short.
I will post long entrys & SL when time is right and keep...
Looks like BTC is forming a classic bearish divergence pattern and going to retest lower levels.
(As long as BTC doesn’t clear 9500 soon)
That being said.
I would not be surprised if Theta retests .158 before correcting. Forming a similar pattern with btc.
I would not go long and try and scalp trade this because when and if BTC corrects.
You can get caught...
BTC final retest in mid 9k range.
I am short bitcoin at these levels and am waiting for correction unless BTC breaks 9600.
Theta currently trending down on btc which means there could be a decent correction ThetaUSDT if bitcoin pulls back.
Looking for support on both ThetaBTC and ThetaUSDT before re opening a long position.
Support on theta btc coming...
Im short theta at .155 USD and am looking to add more to my position after correction.
As you can see here theta looks to be trending down on btc which is trending down on the US dollar on a 4 HR trend.
I will keep updating this set up and provide long entry’s with SL if this plays out.
Theta token ready to retest .135 levels in 10 hour timeframe.
If BTC holds 8400 I will look to add to my Theta position.
I will keep updating this and provide Entry and SL within next 10 hours if this plays out.
Another failed retest
Possible to retest 8500-8600 before reversing trends.
If those levels hold. I will try another long squeeze and will provide entry and SL.
If the levels fail to hold. Btc can pull back to sub 8k before reversint trend.
I will keep posting.
BTC looks to be developing Inverse Head and Shoulder pattern on 45 min chart
Like stated previously. I expected bitcoin to retest 9600.
This could be a potential Long Squeeze play with entry near 8750.
If this plays out bitcoin does have the potential to break 9600 and continue on this bullish run.
If it fails 9600 retest I will look for another short...