Clear massive bull flag breakout has occurred on the 6-hourly chart (and others). The flag goes back to about 4 months ago now. Very strong sign for THETA/ BTC pair for the next few months.
Closing a 6-hour candle strongly above 27,700 sats with high demand will certainly launch a large upthrust.
Green squiggle would be a super healthy bullish return to test ATH. But how we come up to test ATH could vary wildly. Regardless, we are likely to at least touch ATH once more soonish.
Closing a 6-hour candle strongly above 27,700 sats with high demand will certainly launch a large upthrust.
Green squiggle would be a super healthy bullish return to test ATH. But how we come up to test ATH could vary wildly. Regardless, we are likely to at least touch ATH once more soonish.
Note
I remain bullish on THETA vs fiat for 5 years + from now, but we must consider the possibility of this ~1yr up-thrust ending with a distributive top that could cause a multi-year consolidation (bear market).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.