THETA/BTC Breakout for 18.51% Profit
Preface:
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Strategy:
THETA/BTC broke out yesterday. If BTC ranges between $9150 - $10,000, then I suspect THETA will continue it's bull run. THETA found support at the 0.382 Fibonacci which had confluence with daily horizontal support and a 0.618 Fibonacci (not depicted on this chart).
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Entry: 0.00002245
Entry Range: 0.00002222 - 0.00002300
T1: 0.00002345
T2: 0.00002385
T3: 0.00002550
T4: 0.00002570
T5: 0.00002695
Stop: 0.00002175
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R:R: 4.25
Risk: 4.35%
Reward: 18.51%
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Please leave a like and comment if you find value in this post! It is a really quick and effective way to show your support! Also, feel free to follow this channel now for regular day trading technical analysis!
Thank you and have a wonderful day!
---
Strategy:
THETA/BTC broke out yesterday. If BTC ranges between $9150 - $10,000, then I suspect THETA will continue it's bull run. THETA found support at the 0.382 Fibonacci which had confluence with daily horizontal support and a 0.618 Fibonacci (not depicted on this chart).
---
Entry: 0.00002245
Entry Range: 0.00002222 - 0.00002300
T1: 0.00002345
T2: 0.00002385
T3: 0.00002550
T4: 0.00002570
T5: 0.00002695
Stop: 0.00002175
--
R:R: 4.25
Risk: 4.35%
Reward: 18.51%
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Note
We can see a nice confluence of support from two Fibs and daily horizontal support. This is when I entered the trade. This entry provided a great Risk:Reward setup! Note
14.48% Gain in under 12 hours! Let's get this crypto!T1: 0.00002345 - HIT
T2: 0.00002385 - HIT
T3: 0.00002550 - HIT
T4: 0.00002570 - HIT (14.48%)
Note
T5: 0.00002695 - HIT (18.51% Gain)
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.