THETAUSD Possible Scenario 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 in a risky alt position.
I am placing a sell order @ .158
with a SL @ .165
Again looking to add to Theta position after correction.
JW
THETABTC
ThetaBTC update Theta Token BitcoinWell.
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 in at 1543, 1478, 1272
I will keep updating theta trades along with btc and eth
JW
THETA BTC THETA USD 24 HR OUTLOOKPretty simple.
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.
JW
BTC 4HR UpdateQuick update. Looks like btc wants to retest low 9k range. This could lead to a potential break out but I would lean toward a failed retest of this zone. Btc has been on a run so I can’t rule breakout off the table.
Currently DXY is looking to rally, and not sure how bitcoin will respond. I would imagine equities may take a bow here. And waiting to see how btc plays
ShortsBTC are looking to rally here as well.
Since previous breakout I have been short btc 9.4 k and will continue to stay short until forced out of position.
If traders are long here. You want to watch your position. Especially if you are in Alts/btc.
Any quick move down can rekt your long position.
Anything can happen though. Bitcoin has been doing its own thing lately. But from previous experience. These levels is where i guard my portfolio.
Keeping a close eye on this at the moment.
I will keep updating.
JW
#THETA Broke the Inverse H&S Now what?Welcome to this quick update guys.
Theta just broke out of the inverse head and shoulders.
The price bounced and I think it is a good position to book some profits.
And left 25% of position to ride in case it follows any of the scenarios shown the chart.
If you're not holding Theta or missed this trade. DON'T FOMO.
Buy on the retest of the trendline and put an SL 20 to 30 sats below your entry point.
Some of targets given in my previous updates have been fulfilled.
$THETA, Looking for continuation after R/S flip around ~1500sats$THETA
Looking for continuation after R/S flip around ~1500 sats level...
UCTS Buy signal on the 4H and High timeframes as bullish sentiment
EMA50/200 golden cross on the daily.
If trend continues, then aiming for high 17xx as target.
#THETA
#THETA/BTC Another 50%+ Profit potential SetupHello everyone, Firstly read the previous THETA update. i'LL DROP THE LINK IN THIS UPDATE.
How it played out perfectly and what I expect now?
Here's the chart Observe it.
I believe we might get some retracement from here to 1290 to 1400 region which will be my BUY levels.
Current Resistance levels are 1540ish..
BREAK ABOVE IT WILL CONFIRM NEW LOCAL HIGHS.
TARGETS ARE SHOWN IN THE CHART.
#Peace
THETA/BTC (Bullish Candle Breakout?)THETA/BTC
-strong breakout of descending trendline resistance
-daily candle must maintain above trendline resistance
-we need to see follow through the next candle
-bull cross of 50ma and 20ma
-upside potential is the swing high at 1800 sats
-our stoploss is below 50ma
#THETA/BTC Breakout 20%+ Profit PotentialTheta has its Mainnet at the end of MAY. Expecting some decent moves from this coin. It dipped more than I expected Got the opportunity to accumulated more.
Why Bullish:
Strong Fundamentals.
Broke above the channel
Trading above 200D MA.
Targets:
Target 1: 1207
Target 2: 1342
Target 3: 1490
Target 4: 1670
Stop Loss: 1030
THETA/BTC (New Local Bottom?: up to 35% profit)THETA/BTC
THETA bounced at the previous accumulation zone during the Jun-Nov 2019 trading history.
Also, a downward trendline of support is built which could act as immediate support if the price has to pull back again.
This will be our stop-loss area if this bullish scenario becomes invalid. The upside potential is up to 1400 sats or higher.
Crazy Oscillation, Crazy Spikes. What's happening Theta!?Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
First of all.. What's with the crazy spikes!? I'm curious if anyone has an explanation for that.
Second of all, what a beautiful oscillation! Admittedly it's not 100% perfect, but we see many price reversals after the same 70 bar patterns.
For this trade I'll be using those two things together with the horizontal support zone to enter a trade. I expect the price to use the oscillation to come back down to the support zone, which gives us a great entry for a long. For this trade make sure to set limit orders everywhere. Put a limit order near the support zone, and DEFINITELY put a limit order for your take profit, to benefit whenever one of those crazy spikes come back again.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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Theta BTC Long The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
..........................
It's clear if chart proves us that resistance is now support , i long
if it goes as planned i'll take my cost at the first resistance, and try to carry my stop untill TP
I wont close 100%
20% will run until it dies
THETABTC Bullish Breakout Update and fresh setup hereTHETA/BTC now current price is 1582 Satoshi.
After hit our 1st and 2nd Targets we can see some retramecment
Retracement would be 1250-1350 Satoshi also posible.
I can buy more when it will come down.
because now I can expect retest at previous breakout support.
Support :1171/1266 Satoshi
Resistance : 1831/2625 Satoshi
And hope you also booked 30% profit from first entry.
I also booked.
So keep an eye on every update
And please like and follow me for latest crypto updates.
thank you