THETA long, but be careful - New Algorithm
Updated
The algorithm suggests that THETA's price is currently unstable and that it has potential for even further growth.
If you are looking for a medium-term investment, go for it, but if you want to grab some juicy profit and run away you must consider that it will likely fall below $8 once again to stabilize before consolidating to $8.3 for some time.
So wait for a good entry point (personally, I'll be waiting for the price to drop to 7.75 before I set another buy order) and then enjoy the ride to a tasty profit.
I'll be using permanent futures once again, yet again with leverage 3, but I will only invest half of my destined capital as the price reaches $7.7, given that there is also the possibility for it to fall once again and I may get to enter at a better price.
Remember: only buy THETA is the price drops a little, as the market is currently bullish but unstable, and might turn upside down at a moment's notice.
I'll post an update as soon as the situation changes.
Comment below if you found this information useful, and I'll post more.
If you are looking for a medium-term investment, go for it, but if you want to grab some juicy profit and run away you must consider that it will likely fall below $8 once again to stabilize before consolidating to $8.3 for some time.
So wait for a good entry point (personally, I'll be waiting for the price to drop to 7.75 before I set another buy order) and then enjoy the ride to a tasty profit.
I'll be using permanent futures once again, yet again with leverage 3, but I will only invest half of my destined capital as the price reaches $7.7, given that there is also the possibility for it to fall once again and I may get to enter at a better price.
Remember: only buy THETA is the price drops a little, as the market is currently bullish but unstable, and might turn upside down at a moment's notice.
I'll post an update as soon as the situation changes.
Comment below if you found this information useful, and I'll post more.
Trade closed: target reached
Auto-opened a small position at 7.83 tonight, woke up with a juicy +18%.I'll close the operation now, because the market is still unstable and - while most of it looks bullish - the BTC data makes me think that it will either explode in a SUPER bull run or that it won't last much longer.
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