THETAUSD trade ideas
THETA.USDT (Y21.P1.E2).Stalking BULL FLAGHi Traders,
Keeping it short, below a many macro charts and theta is one of those you don't won't to miss out.
Right now, I see it going parabolic and hence risky and rewarding.
I will be looking to use the 4 hrly chart \ trend as potential entrance. Its one of those difficult ones as you have to keep an eye out for it, for a bullish candle entrance.
All the best,
S.SAri
THETA & the Stairway to Crypto HeavenWe went long THETA on 26 June 2019 at $0.13. The cryptocurrency had an amazing run throughout 2020 and broke the $2 level on New Years day 2021. The price has continued to explode throughout the first quarter of 2021, reaching a high of $8 before pulling back to $7.29.
THETA looks to solve the problem of diminishing Broadband Capacity. THETA has solved that huge problem with a "self-funding" decentralized broadband expansion technology.
Theta's platform allows users to earn money by sharing bandwidth and computing resources on a peer-to-peer (P2P) basis. It's fast, secure and extremely cheap to use.
Turing-complete smart contract support was enabled on the Theta Blockchain Mainnet last month. Smart contract funcionality opens up a whole new set of user experiences and new attribution models for DApps built on the THETA network
Also, the team announced the next generation THETA blockchain: THETA Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning.
Recently Lionsgate became the latest Hollywood studio to bring content to Theta Network. Expect more partnerships with Broadband Streaming to follow with the likes of Netflix , Amazon Prime, YouTube, Hulu, Comcast, Xfinity.
medium.com
In other good news for Theta, ThetaSwap v1 recently launched as the first decentralized exchange (DEX) for Theta blockchain: medium.com
Furthermore Theta Network launched in Japan with LINE Blockchain THETA.tv app: medium.com
We are +5592% on this trade and remain bullish on THETA. It is yet to be listed on Coinbase and the project is still very much under the radar. If the Coinbase listing goes ahead, 330 million U.S. citizens will be able to join the Theta stairway to crypto heaven.
The following is an excerpt from u/Kronix82 'My Detailed Thoughts On Theta And It's Massive Potential' which was posted over on reddit:
'In my strong option Theta is the #1 sleeping giant in the crypto space by far, and what it will do over the next few years will shock even those that are paying attention to it now. Bandwidth sharing, CPU sharing, GPU sharing, storage sharing, DEX, NFT (which will include exclusives with major movie/entertainment and gaming studios/platforms), smart contracts, low fees, incentive for participants, major partnerships with some of the biggest tech, gaming and entertainment companies on the planet (more coming soon) that will be able to expand the nodes from a few 1000's (organic) to over 1 billion by adding edge nodes to cell phones, computers, smart TVs, and even video game consoles via a simple software/ISO update when the timing is right (aka strategically).
Nevermind that right now as we speak Theta.tv is being used as a beta test for YouTube and Twitch (more will follow) so once ready it can be leveraged by those platforms as a 2nd layer solution which will be overlapped ontop of their current CDN's on their platforms, and will be rolled out officially in the future shortly after the nodes are expanded from 1000's to hundreds of millions via the planned software/IOS updates across all these tech companies devices (Samsung/Apple/Sony... and more which are already validators but have not yet made that public and are currently having Theta Labs stake on their behalf for the time being).'
www.reddit.com
THETA, LONGWaiting for candle close above correction trend line.
Looking for possible long trade at least till 8$-8.20$ (18%-20%)
BINANCE:THETAUSDT
Theta 3.13.21Has entered another ascending cylinder structure . it still has not even hit or even come close to the blow off top where it goes straight vertical 2-3x in one week. stiill a great buy if you missed it. Theta to 100 soon
Theta Exponential The chart is based on logarithmic view of Theta on the weekly timeframe.
I was observing the channel that Theta was traversing in, now it has definitely broken out. Looking at the fib, the 1.618 level may have been reached, and it may pull back. On the other hand, Theta is somewhat un-predictable and seems to be somewhat independent of BTC.
This is not financial advise, and I am not a financial advisor. Please do your own research.
Exit of weekly swing trade on CHZUSD at 0.2715 and THETAUSD THETAUSD still long with trailstop below current days low, looking forward to exit on double top like last thursday.
Next sunday I will be posting another two coins for a weekly swing trade.
Overextended on all indicators. This crypto must return to the uptrend channel or it will be in great danger off shaking people out for good. A massive runaway rally is not a good thing long term as the damage a massive pull back will take a long time to heal. Great long term hold, but this is now
just a long in the tooth momentum play. Once the top is in the volume will move on the next flavor of the day.
THETA - LONG - $8.83THETA is trading above the support zone at $3.81. As long as it is above this support zone, we could start seeing a move towards $4.35, $4.73, $5.20, $6.59 and $8.83. Failure to hold the support at $3.81 could lead to a drop towards $3.49 and $2.98.
Theta 3.6.21If you are taking financial advice from a psychic and other con men than i really feel bad for you. Theta is just starting to breakout of an ascending cylinder. What does this mean? Its likely to pop off straight up. Go look at Bitcoin when it was around 1700. The pattern is downright spooky bc its basically identical. IMO you have to be insane to be selling right now. Sure takes some cream off of the top but the real big gains come at the last year or two. Why would you sell on a potential breakout? Oh well not my bags.
Theta 3.4.21Phenomenal looking chart. i got in maybe a bit prematurely but i've taken my bet on the retest of previous resistance as support. Theta may be a hold just like Coti. Same looking setup that Enjin had as well. Big breakout. I think its to the upside with everything Theta has on a fundamental and technical stance. If you dont know what Theta is i IMPLORE you to do your own research and read the whitepaper or at least a lite version. I always scoffed at Theta but in all honesty its still a sleeper even though its snuck its way into the top 20. Like all charts i have made for myself this is Mid to long term outlook. Not the hour chart and when i make it it dips down 10 percent or more.That is volatility and its the reason we have such great reward bc often the risk is just as high. Please do your own research this is not a signals channel or for anyone's benefit . If anyone uses anything i say as trading advice that is all on you and i provide no such thing. If i did i would be charging for it just like all of these goofball Youtubers with O faces on every retarded thumbnail
20% Move up to begin on or by Monday 22nd FebThis has been brewing for quite a while.
TFUEL, Theta's gas coin, just shot up 40% today (completing it's 5 wave impulse... so don't buy the top there! Wait for the retrace to $0.05 or so)
That has to be bullish for Theta (and possibly a whale strategy to shake loose the holders of the core asset by pumping its low cap gas coin).
Anyway.. chart pretty obvious. It's about to break up from this horizontal resistance, likely as / before it comes into contact with the supporting trend line. Should move to the top of the channel, hopefully with a wick higher to the full 1.6 fib extension.
If you take a look at the ThetaBTC chart, there's a similar channel, with similar room to move. So if BTC is flat, they'll go up together. And if not, then dollars will definitely increase, and ThetaBTC will remain roughly where it is (and has been for weeks!)
THETAUSDT Target met!Just providing an update on THETA after it's long period of consolidation and subsequent breakout, ultimately reaching our profit target as expected.
All that is left to do is let the Trailing Stop take the rest away if the market allows.
Happy Trading all, manage your risk.
Theta projections and targetsUsing the first wave as an impulse wave. The targets are set on the chart.
Theta Crypto Triangle Pattern BreakoutTheta looks to be breaking out of triangle pattern on daily chart. Setting up for a breakout also against Bitcoin.
Possible break of previous ATHTHETA seems on a reversal by consistently forming Lower Highs, Long now.
Remember High risk High return
Theta Trend analysis and chart patternWe are going to be looking at the chart/trend pattern, obv indicator.
chart pattern
Looking at the recent chart pattern we see the market has been ranging between 2.5$ to 1.5$ which a support and resistance is been drawn to let us know where the market is actually going when have a break out.
OBV indicator
Looking obv indicator we can see that that market have been going up from dec. 2020 to early this year but we also notice that the obv indicator as been ranging between the support and the resistance during this past weeks which correlate with the chart pattern analysis.
According to the obv indicator we noticed that anything the trend line touches the support it goes higher than the previous high I.e we are also having a higher high which also correlate with the chart pattern because we always have a Change is price each time this occur, but after the price reaches its all time high the market has been ranging but has just touch the resistance line in the obv indicator which shows that the market is about to pass it all time high.
Conclusion
Base on the findings above;
1. Webare in a long market(Buy) and the price is going to break it previous all time high any moment from now.
2. Base on the obv indicator, each time the trend line touches the support it goes higher than the previous highs which means we should be expecting the price to reach 3$ - 4$ very soon.
Did $theta start it's 3rd wave?Been invested in $theta for a long time.
This was an add on to the position.
No plans on selling until we hit the 3$
enjoy
Theta - LONGTHETA is trading above the support zone of $1.81. It has a resistance at $2.12. If this resistance can be broken, we could start seeing a move towards $2.40, $2.64 and $2.87. Failure to break the resistance at $2.12 could lead to a drop towards $1.81 and $1.66.
