Trade Plan 12/14/2022
TP1>
if we manage to Trade/Bid above MAIN POC 4054, we can test > 4081 > 4141 > 4186 > 4207 > 4221
TP2>
if we Open/Trade below MAIN POC 4054 > we can test > 4035 > 3995 > 3980 > 3960 > 3934 > 3914 (LIS - Bulls Trapped)
*All those levels will be INVALID as tomorrow 2:00 PM we will have FOMC Interest Rates REPORT ! GET READY for LOTTO TRADES. $ES can move again +100/150 handles.... Yep, believe me or not we are going to survive tomorrow also !!
Daily PIN BAR candle
fading all the CPI pre-mkt move.
STRONG HIGH = SUPER BEARISH / REVERSAL
Reason I'm Flat and waiting to short, we have FOMC Tomorrow 12/14/2022 by 2:00pm.
Theta
Theta Machine > Closed All for Inflation #
I decided to close all my NAKED PUT trades instead of Hedging with $SPY, the reason to that is the move tomorrow can offset my HEDGE if goes against me, even with Beta Weight Portfolio.
So in this case I will reestablish all positions once we are over with the uncertainty, and that's until FOMC (Wednesday 2:00pm).
Theta Machine I'm starting a new position into some tickers to use THETA as our main income generator:.
The goal is 30% return/year
Sell Puts Delta 5/10/15
55/45/ 40 DTE
Trades/Day = +6
Trades/Week = +30
Trade/Year = +1560
Credit/Trade = +$110.00
Book Size = 3.53%
Book Wipe Risk = 7.06%
Black Sawn Risk = 49.45%
PCR = 35%
Avg DIT = 15
Delta/Theta Ratio = 0.5 (hard to keep it)
Theta/ Vega Ratio = +0.2
Profit = 60%
Loss = -200%
Theta Machine - 12/07/2022THETA MACHINE UPDATE
No New Trades Today
I want VIX and IV to go higher so we can collect extra premium...if not tomorrow, by Friday I will increase the cost basis to +500, and Theta will be around $150/day.
Overall POP = 84%
POP = Probability of Profit
*Next Week volatility can spike as we will have CPI (Dec 12) and FED (Dec 13).
With that said, I will probably hedge with Micro Futures.
*Quick TIP if you want to hedge your portfolio>
+50 Delta = 1 /MES (Micro)
+500 Delta = 1 /ES (Mini)
My Delta Beta Weight now is around 100, so In order to hedge I need to Sell 2 Micro Futures (2x /MES)
Theta coin formed bullish BAT for upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of Theta coin with BTC pair.
Previously I shared a long-term trade setup for THETA, which is still in play as below:
Now on a daily time frame, THETA has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
There is a possibility of retesting the resistance!THETA had a range trend during the last week. After the selling pressure, the price of THETA broke the support of the $1 range and pulled back to this resistance, and is still decreasing and moving towards the lower support intended for it. The support is located between $0.765 to $0.590, and if the price hits this area, it can bring a positive reaction. In the daily time frame, we see a correction wave with 38% correction, which considering the price reaction to this range, we can still consider the power of sellers to be higher. Therefore, the minimum we expect is a retest of the previous support level in the range of $0.85.
Also, we can see a range trend in the 4-hour time frame. Before the price continues to fall, there is a possibility of retesting the resistance in the range of $0.95 to $1. Because in the 1-hour time frame, the ascending trend line has broken down, and in the event of divergence, the probability of falling to the supports increases. The additional point is that the current resistance that the price reacted to in the last candles also overlaps with the midline of the descending channel and has great power to push the price back toward the supports.
Theta Network RiskWe read charts and we read signals.
We like to look for/spot reversals because if one is successful at spoting a trend change or breakout before it happens the chances increase for higher gains.
When buying near support levels/bottom prices, the risk is always small (very tight stop-loss) while the potential rewards can be great.
Look at Theta Network (THETAUSDT) now, bottomed out.
If one is smart and do decide to buy after doing their research, the stop-loss can be at tight, at 10-20%...
And if you get it right and the market turns...
You can be looking at 40%, 60%, 90%, 150%, 200% or more on the way up.
That's the beauty of trading cryptocurrency or anything for that matter.
We have a maximum risk of 100%.
But the potential profits have no limits... And we know that crypto grows 10, 20, 30x on bullish cycles. A few Xs in every bullish wave.
Of course, there is no need to risk 100% ever.
A tight stop-loss as mentioned before, limits your risk to 10-20%.
So you only need to plan, win a few ones and many can go wrong and you still win in the end.
We have to be smart though...
We have 4 daily candles closing green.
The trading volume is still low, nothing is yet confirmed.
But after a lower low, short and long-term, with bear volume going lower and lower... We know for sure that soon the market will turn.
How you approach it is your own choice.
I am just sharing my thoughts.
This is not financial advice.
Thank you for reading my friend.
Happy weekend.
Happy holidays.
Thanksgiving, all that stuff.
I love you.
Namaste.
THETA under resistance and looks ready to continue upwards THETA - under resistance - safer entry on retest
👉 enter on 2hr time frame ( TF ) — daily TF shown to show bigger picture
alert set - so I'm not staring at the chart all day
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
Theta Token vs Bitcoin | The Basics & BeyondI 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 then bounce up... Still just consolidation so it can go in any direction but the bias mid-term remains bullish based on the late June bullish break.
Short-term we have these last 5 days closing green... But still, the signals are mixed.
We are aiming higher though because we go with the chart.
Let's get more technical:
- We are strongly bullish above 0.00000511.
- Below 511 satoshis the bullish bias remains in play but becomes weaker.
- Even 450 can be tested and all we would say is that patience is key.
We prepare for the worst but hope for the best.
We are looking at the negative side because the bulls right now are ahead.
If there is bullish follow up, nothing to do it just go up.
But if it breaks down, we are prepared...
Always consider all scenarios, this way you know what to do ahead of time.
For example, if this chart breaksdown, would you close at a loss or wait long-term?
This question needs to be answered before you start to trade. :)
Namaste.
THETA - Bearish breakdown?In this study on THETA, you will note the breakdown of the longer-term consolidation over the past two weeks, as THETA has broken through support at $0.95 to form a bearish triangle that also looks to be breaking down. A Fibonacci projection of this drop below support of the longer-term channel presents a few targets; $0.748, $0.648 and possibly $0.485.
Do you think we could get a 30% drop, or more, in the value of THETA? Will this be the final drop to exhaust sellers and conclude the bear market?
+50% Spot Long Position on THETA/USDTThe movement of THETA has been rightly similar to what we expected in the past, and due to the strong fundamentals of this project, it is also in the category of our main choices for future investments.
This currency is now in the upper limits of its initial upward trend, which can prepare itself for the next upward move with a small correction to the specified Fibonacci ranges, which will also be a big move.
Therefore, we suggest that you look for buying in the upcoming correction and add Theta to your investment portfolio.
THETA LONG SETUPHello, dear traders. how are you ? Today we have a setup to buy/long the THETA symbol.
We have a break of structural you can buy on close support
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
THETA/USDT Short-Medium TermHello,
Within the range we entered on May 12, as I have shown on the figure, the regions with the blue arrows worked as support and the regions with the red arrows as resistance.
The $1.17 - $1.41 range is very clear and it seems like the price has managed to stay within this range after yesterday's Fed meeting.
In the short-medium term, I think Theta/Usdt will reach the target of $1.41.
The second possible target is $1.60.
Hope you like it,
Melvin
THETA bull(ish) chart 3rd of November 2022Hey guys,
THETA seems to be on the verge of a breakout on the daily chart . Already inside the ichimoku cloud and moving up. I think that after we get a breakout and support on the cloud we should see at least a 150-200% run up towards the 4$ levels.
Got in at 0.98$, targeting 4$ before taking profits.
P.S. - Previous chart from 2 days ago was removed because I linked my twitter account.