THETA Wave CountBe aware that the Fibonacci extension levels are different depending on which exchanges you look at.
THETAUSD.P trade ideas
Theta Network (THETA) - April 24Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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We need to see if we can get support on the 8.78208911-9.87327158 section and get off the downtrend line.
If it falls at the point of 6.59972404, a Stop Loss is required to preserve profit and loss.
In order to turn to an uptrend, it must rise above the 11.22403904 point to gain support.
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(THETABTC 1D Chart)
We have to see if we can gain support and ascend in the 17437 Satoshi-19486 Satoshi section.
If it falls at the Satoshi branch, 13341 Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately represents the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Theta Price Prediction The daily chart shows that the Theta price formed a double-top pattern at $15.87 last week. In technical analysis, this pattern is usually a bearish signal. It basically means that the momentum has started to fade. At the same time, Theta has moved between the 25-day and 50-day exponential moving averages while the Average True Range (ATR) has continued to rise.
Therefore, in my view, I suspect that the price will continue dropping as bears target the next key support at $8.13. This prediction will be invalidated if the price moves above $12.
$THETA is pumping. Sell at $20?NOT FINANCIAL ADVICE.
In this study piece of $THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below:
Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level.
That is until it finally broke free of even the 0.886 ceiling, a fresh signal that we could be on Wave 5 underway with a target price of $18~$20.
With such explosive fervour, there's really no telling how much higher $THETA can go in this bull run!
THETA.USDT (Y21.P2.E3).Mini Entrance pointHi Traders,
This is a continuation post from the previous post as the story continues, link below.
We are getting there slowly and here is a potential entrance point or more so a mini accumulation zone.
Cheers,
S.SAri
OVERVIEW
PREVIOUS POST
THETA – Long signalTHETA is looking ready to re-test the previous highs and make another leg up
-The price has been forming a pennant over the past ~23 days and the range has been compressing
-The 100 EMA has been acting as support
-Price is currently retesting the bottom of the pennant and the 100 EMA. The confluence with these two levels of support suggest the price will bounce up from here
Get long.
Your risk, your reward.
Happy trading.
theta/usdwhen theta breaks this resistance itll be thetas turn to pump! we also have a fractual ill post later.
Theta/USD break outObviously we're in an uptrend of crypto bull market, so predicting upward movement isn't psychic. But what are the best longs when so many things have broken out? Analysis of THETA/USD, showing pennant formation across a Wyckoff accumulation currently in Phase C.
$THETA Current ViewTheta has had a massive run, and I do not see it stopping here.
We have seen the same pattern play our here for a few months now.
Price has a massive bullish uptrend -> consolidation in symmetrical wedge -> massive breakout.
From the current view we have right now, It looks like a breakout is immanent very soon!
We must also monitor the volatility of BTC as the ALT market will trend with BTC if we see downward action.
THETAUSD 4H timeframe (Not Suggested)Theta between the support line of 10.9$ and Resistant line of 13.5$, if it break the resistant line the next target will be 16$
Theta will moon up #THETA4htheta with this graphic it looks so perfect we have two short term targets and which is the %20ish one if we take the flag from the first red kendle and theres the second for the longer period which is not so longer than a week with %40 ish target zone and this obtained from the starting of bull movement till end
Theta Network (THETA) - April 13Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
----------------------------------
We have to see if we can ascend above the 12.28173081 point.
If it falls, we need to make sure it is supported at 11.22403904.
If you decline at 11.22403904, you need a short stop loss.
However, you need to trade carefully as you can touch the 8.78208911-9.87327158 section and go up.
Therefore, it is necessary to think about what kind of response will be made in the section 9.87327158-11.22403904.
The next volatility period is around April 20th.
You have to watch for any movement out of the box section.
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(THETABTC 1D Chart)
We need to see if we can get support at the 19486 Satoshi spot and get off the downtrend line.
If it falls in the 17437 Satoshi-19486 Satoshi section, a short stop loss is required.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Theta ready for the next leg up
Accumulation after a huge move + VWAP+ Volume profile
Huge breakout from a long 'time' base and then re-accumulation to digest the gains and shake out the weak hands (I was one lol).
Then media attention dries out, finds support and asset continues its next leg up. Saw these in growth stocks last year and now we might see these in crypto land. Check $SE $FVRR $TSLA for reference.
$THETA has a huge number of catalysts/events coming up.
Edge compute use cases(ML/AI) that's coming up in Q3 2021 is the most exciting. Remember $FSLY $NET moves in 2020? Edge computing will grow exponentially this decade(Read the 'future is faster than you think')
App for ledger + NFT marketplace + New network support
The market cap is already $12bn. That said, Theta has maxed out its supply and will have no dilution effect on price (like $BTC)
Likes of $BNB, $GOOGL, Sony and Samsung as enterprise validator nodes. These companies won't launch validator nodes if there is no long term potential.
Blue-chip Crypto. Keep this in your shopping list for crypto winter
Entry: Now or under $11.5
Theta will make it againAfter a consolidation period theta is ready to climb up.
On the 12h and daily chart we can see a reversal coming. On 4h we cross all ichimoku components to switch upper the cloud.
Let´s ride it
Theta Breakout retest + CatalystsTheta has been an absolute monster this year
Still has plenty of catalysts
Theta mainnet April 21
Theta edge
Dex release, NFT marketplace Mar 31
V2 edge compute 30 June
Tfuel mainnet 21 April
TA,
Breakout out of ascending triangle and retest with a bullish hammer
