#THETA Broke the Inverse H&S Now what?Welcome to this quick update guys.
Theta just broke out of the inverse head and shoulders.
The price bounced and I think it is a good position to book some profits.
And left 25% of position to ride in case it follows any of the scenarios shown the chart.
If you're not holding Theta or missed this trade. DON'T FOMO.
Buy on the retest of the trendline and put an SL 20 to 30 sats below your entry point.
Some of targets given in my previous updates have been fulfilled.
Thetabtclong
#THETA/BTC Another 50%+ Profit potential SetupHello everyone, Firstly read the previous THETA update. i'LL DROP THE LINK IN THIS UPDATE.
How it played out perfectly and what I expect now?
Here's the chart Observe it.
I believe we might get some retracement from here to 1290 to 1400 region which will be my BUY levels.
Current Resistance levels are 1540ish..
BREAK ABOVE IT WILL CONFIRM NEW LOCAL HIGHS.
TARGETS ARE SHOWN IN THE CHART.
#Peace
THETA/BTC (New Local Bottom?: up to 35% profit)THETA/BTC
THETA bounced at the previous accumulation zone during the Jun-Nov 2019 trading history.
Also, a downward trendline of support is built which could act as immediate support if the price has to pull back again.
This will be our stop-loss area if this bullish scenario becomes invalid. The upside potential is up to 1400 sats or higher.
A thought for ThetaBased on recent price action...
Everything's noted on the chart, but essentially we potentially have another IHS forming at the moment (see the prior one marked up), where the right shoulder is possibly being suppressed by the 12MA into the bid zone (1180-1210). If it plays out it should bounce around there to a breakout and retest of the neckline for continuation.
Targets:
1533
1644
1858 (and re-assess)
2122 (and re-assess)
This is invalidated by a breakdown below the potential right shoulder (in which case, forget the trade) or a more immediate break and retest of the neckline (in which case, bid the retest of the neckline).
Trade Idea For THETA/BTCTheta has been into almost 6 months of low volume accumulation period. Recently there is some sort of increase of volume in it. Expecting it to go for a rally soon. So if we close daily and stay above the monthly pivot which is mentioned in the chart, then there will be chances the mentioned target will get achieved. The target mentioned is the safest one and the stoploss would be the previous swing low from your entry.
Will update if we get above the pivot
THETA/BTC Great breakout from THETA/BTC on our weekly chart, also being fuelled by some good volume. We have seen a clear bullish engulfing candle close above our moving average resistance on our weekly chart, which in general is quite bullish. Our daily chart is also trading back above our 200 ma, a level it hasn’t traded above since January 2019; we believe this is a clear change in trend and can expect this coin to see some good gains over the next few weeks, matched with a stable increase in volume.
Possible 112% Move For ThetaLooking primed and ready to rise for a measured move of 112%. A breakout of the descending triangle could give this a great price swing to the upside. This will take time for the setup, but looking good.
Crossing over on the 4 hour chart of the 7/50 EMA.
Macd crossover coming up.
Low RSI,
volume picking up.
Risk/Reward - 2.11 to the 1199 sat level and 3.29 to the 1306 level.
THETA/BTCTheta seeing a great breakout above our trendline resistance, while also seeing a good increase in volume. Our stoch-rsi is also showing a very bullish divergence, suggesting more upside in the short term. Our new support level is around 1110 sats ; has many coinciding supports in this region (.382 fib/breakout point/daily candle minimum). Resistances are at 1400 followed by main resistance around 1800 sats.
THETA / BTC ready to form another harmonic | Upto 87% potentialThe priceline of THETA / Bitcoin has retraced between 0.382 to 0.886 Fbiconacci to form another harmonic insha Allah.
Upto 12hr chart the MACD is turning bullish and RSI is entered in oversold zone.
I have set the targets from 0.382 to 0.886 Fibonacci sequence due to BTC bull market.
The targets are:
Buy between: 0.00001240 to 0.00000965
Sell between: 0.00001812 to 0.00001295
Regards,
Atif Akbar (moon333)
Theta/Bitcoin (29 May) #THETA $THETA #BTC $BTC#BUY #WAIT
THETA is moving in a not really good formation : Bearish Flag in Downtrend
But it seems that whales are trying to form the Cup&Handle formation to reverse the price
Current price : 1515
Buyzone : Buy close to 1450 as possible
Sellzone : 1700-2025
Stoploss if price is lower than 1300
THETABTC looks good for short- and mid-term investment.BINANCE:THETABTC
THETA has a good move today, when I look on H4 and daily charts it shows very good potential to get doubled from current price.
THETA's rally may have a leg up to 3513 sat (Fib. 61.8% of daily chart).
Short-term target as shown in the chart below.
Targets for short-term should be at Fib. 61.8% and 100%, which are 2053 and 2615 sats, relatively. With stop-loss should be placed on Fib. 23.6% (1491 satoshi).
$THETA - LONG - 1D- Approaching Weekly support which a clean break of lead to a huge move up
- Watching for it to hold and set a higher Low, once 1579 breaks and we range for a few days there I would be expecting a retest of previous support now turned resistance (2195 SATS )
- oh NASA are currently using Theta..... NASA
Daily Bullish Signal $THETA #THETA #THETABTC #BTC $BTC (2 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN