THETABTC Theta is in a wedge under which there is a static support and a strong trend line.
In area 1028, Satoshi is also placed on top of a support, due to its good momentum after breaking the wedge, it can touch the
specified targets.
TP1:0.0001338
TP2:0.0001768
TP3:0.0002704
TP4:0.0005850
SL: if any daily candle close under 0.0000920
THETABTC trade ideas
THETA BTC
if it breaks upwards we have officially had a test of the previous ath versus btc.
I keep an eye on green box. If there is a strong reaction in this zone, I open a lung.
Otherwise I'll wait for the rejection at the red box. wait for the switch from bear to bull on the lower timeframes.
Thats it trade safe champs.
Ps; for me it is a strong signal when I come across a morning doji at a support. It's really a strong forcast that bottom has been reached. see circles.
Bullish on Theta while dependent on BTC Theta/BTC has been in a downward channel since May where we saw the big drop in the entire crypto market. Main-net 3.0 did not see the run up in value we had for 1.0 and 2.0. If BTC holds in this 50-53k range we could easily see a pump to, and above ATH.
Much of the Theta is circulation is locked up by the corporate validators. Supply shock if very possible.
Theta/BTC ๐ฅ๐ฅTheta has broken a 50-day downtrend and is ready to move higher. Its resistances and goals are plotted in the diagram. If the price stabilizes above the downtrend line, it is suitable for entry.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful๐น
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THETA AnalysisTHETAUSD is approaching a crucial point, it will likely break to the upside from this dominant position above the mean trendline of the current run
This breakout theory is exacerbated by the BTC pair which is retesting the top of a falling wedge, which is quite bullish for price and will likely result in a large bounce
I have not looked much into THETA technicals, this is my first analysis of the coin..
Simply put, THETA will out perform BTC next few monthsClear 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.
I see a bear-trap after v-bottom against Bitcoin
In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up.
Long entry target would be around the rectangle box I drew, but only on the way back up and out of that range as a minor confirmation of this having become a bear-trap, but the move back up after the drop-return to 19.7k sats will need to include pretty strong bullish volume at least similar to the volume of the move down to under 20k sats.
Failing to move up quickly could easily lead to a larger-distributive top for THETA/BTC.
THETABTC Potential Long @ 0.00024000THETABTC Potential Long @ 0.00024000, upon successful retest of the 200MAs with strong candlestick and volume confirmation.
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bullishTHETA coin bounced of weekly .618 support almost to the exact sat plus confluence of the bottom of the parallel channel. In addition, Fib time pull was an exact hit to the .618 before having a rise of around 55% and now currently testing ATH resistance. IMO, the price can continue uptrend and my target would be the 1 and 1.618, depending on the performance of BTC.
For a conservative entry, I would look at a retest of the top tip of the channel that also coincides with the .618 golden ratio. This is my first TA and im still learning the ropes so please take this with a grain of salt.
THETA-BTC-DESCENDING WEDGE (daily view)Hello traders and investors!! So great to be here today, let's take a little journey and examine THETA๐๐๐
Price touched rims of wedge 4 times, and on the 5th bounce we broke the pattern and exited the wedge.๐
Now I see it possible that we can go to our targets.
QUICK REMINDER ๐๐คจ๐
Make sure to always use a stop loss ๐ค๐๐ฒ when making trades.๐๐๐
Consider we may get rejected here, rooting for the bulls.. here is why โฌโฌโฌโฌโฌโฌ :
Call me crazy, but I have seen Theta pump when BTC is bearish๐ป๐, im not missing out on this possibility.
(This chart is different than THETA USDT or USD, we are seeing bullish candles because this chart depicts THETA in relation to BTC price.. BTC dropping, THETA is stronger than the correlational effect that BTC has on it's price.)
This analysis is technical approach. I always recommend considering multiple factors when making any trade!
THETA mainnet launch was recently pushed to JUNE 30th (this month.) This is huge news for THETA and T-fuel .
Let's see and always remember โฌโฌ๐๐This is not financial advice๐ Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
Thank you for reading and trade safely!!!!
Jazerbay โฏ
THETA/BTC last resistance THETA / BTC
Despite the drop in USDT pair
In BTC pair we see THETA almost touched ATH again !
it already brokeout a bull flag or decending channel
The last resistance for it is previous ATH ...After Breaking this resistance it can fly easily
It can also retest 0.00021 level which is very important level to hold for continuation of bullrun in this coin
Invalidation : daily close below 0.00021
Dont forget to like my ideas for more good calls and analysis ๐
ThetaBTC going long Theta just broke out again in BTC pair... target is set measuring the pole without the wick, although we could be witnessing a new ATH for Theta this time, but still I am playing it safe here.
What do you think? Will there be a new ATH record here, or will BTC volatility cut it short?