in the beginning of the 2nd wavecrab harmonic pattern:
X=$14.85
A=$0.028
AB=0.38 XA
BC=0.88 AB
0.23 XA=$0.125
0.78 BC=$0.198
0.88 BC=$0.245
1.13 BC=$0.41
0.5 XA=$0.65
1.41 BC=$0.74
1.6 BC=$1.16
0.61 XA=$1.36
2 BC=$2.61
0.78 XA=$3.9
2.24 BC=$4.35
0.88 XA=$7.28
2.6 BC=$9.71
1.13 XA=$33.47
3.6 BC=$81.17
1.27 XA=$81.3
1.41 XA=$192
4.23 BC=$301
1.6 XA=$706
THETAUSD.P trade ideas
THETA - Target Hit!!! 🥳 🎈🎈One year ago in May 2021 when THETA was way up at $12, while BTC was topping and almost everyone thought crypto was in a bullish "supercycle" I projected that THETA would instead crash 90%+ down to $1.
And I'm sure you can imagine how well appreciated that was from the bulls that were in great numbers back then and [passionately looking to the stars for much more gains. Comments sections were much more vibrant back then albeit with some strong language here and there. One bull even said he will pay me $10K if my projection come true. You can probably also imagine that no such payment has arrived as yet 😄.
Anyhow THETA has now hit my $1 target and lost 93% from ATH. It also now finds itself in capitulation under the 200 week MA.
If this is to be a buy I have highlighted an area that there is a lot of supportive activity and also is just passed the log 0.618 which seems a likely overshoot for reversal.
It can of course have a bounce on the way.
These are just my charts, I'm not here to tell you which coin is or isn't the best thing since sliced bread.
Hopefully some of you probably not all of you enjoyed this call.😄
Not advice.
@crypto-investor1999, THETA has hit $1 and you said you will pay me $10K 🤗.
THETA Logarithmic Regression IdeaTHETA experienced 450x gains over the course of a year from March 2020 to March 2021 and has been consolidating since. It is one of the few blue chip projects that has seen no major bounces or relief since it peaked and since the May 2021 market crash. Should the bull market continue from here, or we are to experience only a short bear season, THETA is primed to explode more than most, but here we can theorize what to expect if we are in fact in a multi-year bear market. By throwing together a rough logarithmic regression analysis using THETA's own fractal and stretching it to account for lengthening cycles, we can see that a price target of $500 within a few years is not out of the question. This would produce 250x gains from a $2 bottom. Worst case I would expect THETA to find a bottom around $1.50, which would only further gains if you can catch the flush.
Fundamentally, THETA is strong. It has an active team, unique use case that is being leveraged by partners such as WPT and GFUEL, and the network is supported by major companies like Samsung, Sony and Google. If we can't turn the market around in the short term, I think it will survive a prolonged bear market, so I'd like to be prepared for either scenario. I've been accumulating THETA heavily as I believe we are ultimately in a good buy range and I'm willing to wait if I have to. As always, DYOR and trade based on your own objectives, timelines and risk tolerance levels.
Theta Will Bounce SoonTheta Network is a solid one, with good fundamentals.
Metaverse, NFT's, Streaming, DeFI incoming, etc.
For now it's down 80% from ATH of last year. It's possible to have a rebound till 6$ minimum if btc settles in this area for a while.
Starting to accumulate at 3$ and below, till 2$.
THETAUSD targeting $5.2250 on a fractal repeat.Theta Token is trading within a Channel Down and has just recently broken above its 1D MA50 (blue trend-line again). Even though the price remains just inside the Channel Down, that break-out on the previous similar Channel Down of April- July 2021 was a buy signal towards the 0.618 Fibonacci retracement level. That is currently at 5.2250. Notice how we are at the exact same RSI spot of that Channel Down break-out.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Theta Network (THETA) - February 12Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(THETAUSD 1W Chart)
(eng)
If the price is maintained above the 1.9172 981-2.9437 615 range, it is expected to create a new wave.
The price needs to rise above the 4.3357 882 point to hold the price in order to turn into an uptrend.
If it declines from the 1.9172 981 point, it is expected to enter the mid- to long-term investment zone, so careful trading is required.
If it moves above the 4.3357 882 point and breaks out of the downtrend line, I expect to find primary resistance near the 6.9164 138 point.
(1D chart)
First resistance section: around 6.4637 041
Second resistance section: 8.6007 292-9.6682 416
Support section: 3.2581 665-4.3266 790
The trend is expected to continue out of the 2.9437615-4.8165031 section.
--------------------------------------
(THETABTC 1W chart)
If the price holds above the 0.0000 753 point, it is expected that it will lead to an uptrend to create a new wave.
However, to convert to an uptrend, it must rise above the MS-Signal indicator.
Therefore, it should rise near the 0.0001243 point.
Movement around the week that includes February 28 should see if we can break above the MS-Signal indicator above.
If it rises above the 0.0001 243 point, I would expect it to rock up and down on the 0.0001 243-0.0001 473 section.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
THETA : USD Wave 5 target $37.60 - $47.41THEATA : USD
Potential wave 5. The fib relationships look good but the time its taken for wave 4 to complete when compared to wave 2 isn't great. EMAs are bearish. That leads me to consider two main options, 1 this is a bear market relief rally or 2 its still a bull market and wave 5 has just begun. The bull flag is enticing and the risk reward on this trade is very good. There's a potential for a 10x with very little downside is stops are places responsibly.
Key Points:
Wave 2: Hit high probability fib target of 0.707
Wave 3: Front run high probability fib target of 1.618
wave 4: Overshot high probability target of 0.382
Bull flag: Break and test from above to continue macro trend
Daily EMAs: We are below the 144, 169, 244 EMAs & they have crossed bearish on the daily. This is not bullish. Needs to breakout and test from above.
The trade:
Entry 1: Around here, $3.42 - 1hr chart has broken out and retested 244 EMA. 169 & 244 EMA has crossed bullish.
Entry 2: Break out and retest of the 244 EMA on the 4h chart combined with bullish cross of 169 & 244 EMAs.
Entry 3: Break out and retest of bull flag: ~$4.20 - $5.20
Stop 1: Break of the 244 EMA on 1h, currently at: $3.24 (-5.6%)
Stop 2: Once 4hr EMAs have crossed bullish and price has tested from above, stops at 244 EMA on 4hr chart.
Target 1: 169 EMA on the daily currently at $5.13 but sloping down and decreasing. (+54%)
Target 2: 0.618 relief rally = $7.80 (+132%)
Target 3: Fib: length of wave 1 projected from the end of wave 4 = $37.60 (=1017%)
Target 4: Algo: 0.236 length of wave 3 projected from end of wave 3 = $47.41 (+1300%)
Notes:
Symmetry looks off.
Relationship between wave 2 & 4 doesn't have the 'right look'
Wave 4 has taken much longer that wave 2.
EMAs bearish on higher timeframes
Never Trust. Verify.
Not taking requests so please don't ask.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
THETAUSD D1: THE BEST Level to BUY/HOLD 100%+ gains(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
THETAUSD D1: THE BEST Level to BUY/HOLD 100%+ gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSD D1 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +100% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Theta Looking Super Bullish - Pump incomingLong Term Chart for Theta looks amazing. It was a fantastic performer last cycle and appears to have found a bottom and has now formed an inverse head and shoulders.
We also just had a nice bounce from key long term support level and now sitting above all the EMA's. Expecting a nice fat pump if bitcoin holds weekly support and doesn't ruin the party.
Not financial advice.
THETAUSD D2: THE BEST Level to BUY/HOLD 100%+ gains(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
THETAUSD D2: THE BEST Level to BUY/HOLD 100%+ gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSD D2 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +100% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
THETAUSD Facing Bullish PressureTHETAUSD at the H2, -we see almost the same thing. Everyone is faced by that big pin-bar that followed the BTC.
The bulls are trying against the 4, but 4.40 has weight on 4. So, Theta is neutral, but 3.6 looks promising.
Kuhle.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.