THETABTC trade ideas
THETA/BTC (Back at Key Level Support)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA is back at the previous support key level area
-This is crucial at this moment if this zone will hold
-If we can not see any recovery back to 5500s sat in the next few days
-It would tell us the Bulls has started weakening
-And any moment the Bears can still enter the market
-I don't recommend buying at this point if you don't follow proper RM
-But if you are looking to Short the market, wait until the support is broken
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THETA/BTC (Hits Daily Key Level)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA hits the key level of support around 4700s sat range
-The daily candle is not yet close but it is looking a bit bullish
-I'm not saying this will pump the next day
-But only showing a little strength at this region
-Better to wait for the next candle pattern
-Before making your decision to enter or not
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THETA/BTC (Bearish Pattern Confirmed)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token finally confirms the Bearish Triangle pattern
-The market decided to go lower and breaking the flat area of support
-If the Bears can send more follow-through in the coming hours or days
-The next Key level support is around 5500 sat area or previous resistance
-Be cautious, user proper stop loss or reduce position size now
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THETA/BTC (Retest Important Key Support?)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token failed to create a Higher High
-The price rejected at around 7000s sat area
-It will likely to retest the key support area around 6200s sat
-That would be a sign of weakness and the Bears might enter the market
-So please be cautious buying at key support
-Use proper stop loss location and follow your trading plan
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THETA/BTC (Strong Uptrend)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token still trading on an uptrend channel
-The upward trendline of support still valid
-Currently, it is forming a small descending wedge
-If a breakout to the upside happens, the target is the recent top
-As long as the upward trendline is holding
-The Bulls have control of this market
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THETA/BTC BREAK THE LINE a.k.a BREAKDOWN================ BINANCE:THETA/ BTC ================
THETA/BTC in downtrend
THETA HIT THE BREAKDOWN LINE
maybe it's time the weakness ??
in rsi theta overbought
maybe need correction now.
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THETA vs BTCTheta has been on a tear for the past while. But how strong is the momentum, will it continue, and how does it stack up against BTC?
Despite relatively low volume, THETABTC has skyrocketed 75% this month.
There is a concern that low volume could indicate a pullback, however overall this is clearly a strong move and paints a good picture for Theta to maintain its bull trend longer term.
Theta has exceeded its previous highs which means its in 'price discovery mode' and we're only at the very beginning of the expected 2020/21 bull run, which means Theta could be a very strong performer.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
THETA - you may have not seen anything yet !THETA has consistently outperformed Bitcoin from the March lows.
It has been a solid 9x from the panic low point until today.
However, something is telling me we haven't seen anything yet.
SOMETHING IS BREWING BEHIND THIS PROJECT.
Look at the long term chart of THETA relative to BTC.
It is forming a MONSTER inverted cup & handle formation with the neckline around 7000 satoshi !!
Difficult to project the price objective of this technical formation.
I have heard some analysts projecting a value of 20 USD per token in 2021.
From my standpoint, that is not out of discussion at all !
Theta Token Continues... Follow Up Update w/ Next TargetI shared a chart recently for Theta Token (THETABTC), we mentioned how this pair was facing resistance yet continued to look strong with the potential to continue higher.
It came true because the ATH (All-Time High) has been conquered and now the doors are open for even more...
Well, let's keep this one short...
The next potential targets are clearly marked on the chart.
Conditions for change
If prices drop, look at the blue dashed-lines for support.
Theta Token (THETABTC) can print additional growth before any retrace.
Namaste.