THETABTC Is Forming Bullish Shark | Upto 229% rallyHi my friends hope you doing good, there is another bullish wave possible by the price action of Theta token with Bitcoin pair as it is forming another harmonic pattern.
Formation of bullish Shark pattern:
This time on 6 hour chart the Theta token with BTC pair is forming a harmonic bullish Shark pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern and its Fibonacci sequence should be:
Buy between: 0.00002320 to 0.00001555 sats
Sell between: 0.00003286 to 0.00005126 sats
Stop Loss:
The potential reversal zone area that is up to 0.00001555 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 229% and as per above mentioned stop loss, the loss possibility is 33%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
THETABTC
THETABTC formed bullish gartley | Upto 33% expectedTheta Token / Bitcoin Cryptocurrency has formed a bullish gartley pattern and entered in potential reversal zone.
The PRZ are can be used as stop loss in case of complete candle stick closes below the this area.
I have defined the targets using Fibonacci sequence.
Buy between: 0.00001111 to 0.00001019
Sell between: 0.00001184 to 0.00001358
Regards,
Atif Akbar (moon333)
THETA-BTC SHORT TRIGGERED on 1 hour chartTHETA ROCKETED up for the last couple of weeks, and now its crashing in the typical buy the rumor, sell the news event. A short did finally trigger for the THETABTC on the Musashi Hidden Wave Trading System Indicator. We are a bit extended from the baseline (the red line which shows a bear trend now). This means we might get pullbacks (upwards) or have to wait some time for price consolidation to occur and the baseline will move downwards towards price..
First Target is 2552.
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Wait for a bullish accumulation and buy on the breakout on THETAHello Traders,
TETHA is on strong uptrend movement on the last couple of days and now felt some resistance, so we must wait for some bullish accumulation pattern or a stronger correction to enter in this asset, especially when BTC is PUMPING
Best regards, Sandro and Gustavo.
Feel free to visit my pages if you would like to know more
THETA/BTC (Potential Relief Bounce?)THETA/BTC
-strong uptrend is now over
-upward trendline of support is already broken
-the price hits a previous consolidation area
-and immediate reacted to it as potential support
-if this drop will respect the 3400s as support
-we might expect a relief bounce to retest the trendline
-daily consolidation is right on the table now
THETA - Future, Volatility incomingFutures are beginning on it today. Volatility incoming. March 2019 highs resistance rejected. Overbought on the weekly / daily . RSI on the 4H going down. What do you do.. Run after the fully loaded, speeding train and try to jump on it at high speed? Or step off and wait for the next train?
Theta - Keep rising prior to Mainnet 2.0THETABTC pair has just set a new ATH. Despite the opportunity to short THETA on Binance or FTX (up to 50x), it looks like the coin is not going to fall, at least until the launch of mainnet.
Note: Theta Mainnet 2.0 will be released on May 27, 2020 at roughly 12pm Noon PST (7 PM UTC)
Of course, shorts look a lot more attractive here (sell the news) but need to be careful because of the high volatility.
Just observing and until the launch of the Mainnet I will not touch it.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Theta Fuel (TFUEL) Has Spiked More Than 900% Before Mainnet 2.0Why traders are interested in Theta and the launch of mainnet 2.0:
Hi friend hope you are doing good. Today I want to talk about Thetafuel coin that is the native token of Theta blockchain. If we visit their website then we can see that only 2 days are left in the launch of mainnet 2.0. Therefore the traders are interested to buy and trade Theta token and the Tfuel as well. But the theta token is spiked more than 300% and the TFUEL has spiked more than 900% therefore I would like to talk about that TFUEL.
Down channel and the synchronized movement of price action with indicators:
The price action of a TFUEL coin has formed a down channel on midterm 2 day chart. If we take a coser look at the chart then it can be observed that the movement of the priceline is very much synchronized with relative strength index (RSI) and Momentum indicator. Whenever the price action reaches at the support and the RSI visited oversold zone then momentum gives bullish signals and the price action turns bullish and reached at the resistance. Theta fuel coin has repeated this act three times during the movement within this channel. First time it produced more than 52% profit on the second time that it produced more than 76% and on the third time the price action broke out the resistance of the channel and so far it has produced 900% big gains.
SMAs on daily chart:
If we watch the simple moving averages and daily chart with the time period of 25, 50, 100 and 200 then it can be easily observed that the price action has crossed up all these simple moving averages with a powerful rally. And all these moving averages has formed an opened alligator mouth as we have the smallest simple moving average above all and the biggest simple moving average below all other moving averages. But there is a little bit critical situation that the distance between the moving averages and the candlestick very big. Therefore the candlestick doesn't have support of the moving average nearby its tail. So if the price action will start a correction rally and drops down upto the 25 simple moving average to use it as a support then it will be a huge loss for the trader who has bought the Tfuel at this point.
EMAs on long term chart:
Now I would like to show you a bullish position of the exponential moving averages with the time period of 10 and 21 on long term weekly chart. It can be clearly seen on this chart that price action has crossed up the EMA 10 and 21. That is very strong bullish signal on this weeky chart. And the candlestick has crossed up these two EMAs with the powerful bullish spike. And now the next candlestick has opened above these two emponential moving averages. But again we have the same critical situation here like we have on the daily chart with simple moving averages. And that is the distance between the EMAs and the candlestick is very big so if the price action will move down to retest these EMAs as support then again there will be a huge loss for the traders.
The use of up channel for safe trading:
Now the question is that if someone wants to buy Tfuel here then what can be the safest way. I have found two safe ways to trade the Theta Fuel here. And one more thing that the price action is too much bullish therefore we can have the swing trading chances on the small time period candlesticks. So if we switch to the 30 minutes then we can see that since two days the price action is moving within an up channel. And that is a very good opportunity for the traders to buy at the support of the channel and sell at the resistance as the price action is moving within the support and resistance very well. But again the stop loss is very much important because the price action is already moving above the 900% level. So the support of this channel can be used as a stop loss. If the price action will break down the support then you should take exit from this trade to minimize the risk of loss.
Average true range trailing stop indicator:
The more safe way that I have found is to place average true range trailing stop indicator on 15 minute chart. This indicator is available on the tradingveiw.
You can create your account there because there are more than 5000 indicators available that can help you in trading. Now let's move to the chart again. After placing this indicator you can use it as a buy and sell signal and the stop loss as wel. Here is the way how. First you need to watch when the candlesticks are crossing up the average true range indicator then you can buy and when the candlestick will cross down this indicate then you can sell. For example the candlestick crossed up this indicator on 23rd May and the closing price of that candlestick 79 sats. And at this time the price line is moving around 223 sats. So its mean if you would have bought at 79 sats then you would be add around 200% profit.
This is only one example I have shown when you will move back on this chart then you will find tons of examples where the priceline has produced big profits on the small time period candlesticks with this indicator. I would repeat again that this indicator should be used as a stop loss strictly. For example if you have bought using buying signal of this indicator and if the price line crosses down or breaks down the indicator’s line then you should sell. Because if the price line will be dropped from here in starts a correction rally on big time period charts then you can get stuck in trade for the long time period.
Conclusion:
Even though the price action of the TFUEL is moving above 900% level but it is still producing hundreds of percent by giving the chances of swing trading even on the small time period charts. But trading such coins involved high risks therefore the stop loss strategy is must.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
THETA - Altcoins are back? Missed this mad growth since April 20. Also Theta Fuel gained 176% in a flash on Friday on Binance listing announcement.
USD pair looks even better reaches its ATH.
Obviously wouldn't open a long position here after such a pump., first level to watch for a pullback - 2550 satoshis.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Theta Token Trading At Support (Can Grow Here)Theta Token (THETABTC) just visited a very strong support level which has been active since 2019... This is the light blue zone marked on the chart.
With prices now trading above support and an uptrend confirmed, THETABTC can go bullish next.
Prices are already moving pass MA200 at 0.00001177, which can become a strong signal if prices close above it today.
Regardless of MA200 (black line) being conquered today or not, THETABTC is likely to grow for multiple months.
Namaste.
Alt Season Coming Soon?? THETA Potential & BTC FORECASTTO HAVE AN IDEA OF WHAT ALTCOINS like Theta will do, we have to understand what future possible actions BTC can take:
Now as we watch and see what BTC BITCOIN waits to do, it is currently ranging in the 8500 - 9200 region, with no clear directive.
I propose a likely impending fall of BTC towards the @ 7700 region of support (and also 0.618 fib level) shall the nearest region of support @ 8500 be broken, and maybe a short temporary pump to the 9000 - 9200s region of resistance as the bulls exhaust their final breath.
Historically, we often see an Alt coin pump as BTC makes its retracements, as traders pull out of long positions in BTC and securing profits from the previous dips. My forecast for THETA can be seen from the chart above. An overlap of the THETA Main net 2.0 launch with BTC retracement would possibly drive more BUYING PRESSURE into THETA for an upside pump.
AS ALWAYS, TRADE CAREFULLY AND FEEL FREE TO LIKE AND FOLLOW TO SUPPORT MY PAGE IF YOU LIKE WHAT YOU SEE = )
Regards,
GOL D ROGER
#THETA/BTC 90% UP since Initial Entry, Now what?Welcome to this quick update my friends.
Theta has been doing great since our first entry. All of my charts have been incredibly correct.
I think Theta will keep growing until the mainnet on 27th May. It's better to keep booking profits and holding some portion till the mainnet.
The Rebuy zone is green box if you haven't entered yet.
TargetS are:
1920
2020
2141
SL: 1580
The targets given in the last update is also valid there's just little difference.
Please hit the like button if you like this update.
#PEACE
THETABTC breaking new highs!I know it's been a while since I've posted a publication...needless to say I've had my hands full.
I don't want you guys to miss out on this signal or have to FOMO/FUD -- and those familiar with my previous publications know I have a tendency to go on a tangent (though educational!) at times...but I'm afraid that'll have to wait for now!
I will update later with a detailed OPED including where I've been, what I've been up to, what I'm doing...my thoughts on the BTChalving, and more.
As usual green horizontals represent TP1-3 & the most important OFC: the red === stop-loss.
Peace & Love.
-MT
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
#THETA/BTC Right spot to longWelcome to this quick update.
You can see we booked almost 80%+ Profit on Theta already. It seems there's still fuel left in this trade.
Theta is just hitting the resistance zone.
Expecting a bit of retracement here.
If you bought the top or you're stuck with this trade here's the complete setup for you:
Once we see the retracement we can enter this trade:
ENTRY: 1480 TO 1540
TARGETS:
1820
1925
2080
2180
SL: 1428
Hit the like button and follow me for more updates.
I will soon post many profitable altcoin setups.
#Peace
ThetaUSDTheta 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
THETAUSD updateTheta 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
Im still short from .155 USD and will keep updating when i plan to go Long Theta next with Entry & SL
Trade smart.
Follow for crypto trade set ups