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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THETABTC
MERCURY RETROGRADE/BTC INCOMING 06/02/2020-07/26/2020 REFERENCE when mercury retrograde is charted to btc there is often more correlation then just chance could dictate. Retrograde dates are observable from earth by following the apparent motion of the planet. Mercury appears to slow down, stop, start moving backwards, then reverses course again, and speeds up. These movements of mercury when placed on a BTC chart are fun to make -this one is from earlier in the year as reference, I'm charting the next retrograde which started a week ago and goes right through the election- lots of interesting correlations. Publishing incoming BTC/Retrograde and Theta/Retrograde soon. Please let me know if there is a TA/Astrology chartyou would like to see!
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.
THETA ALL TIME HIGH LOOKS TO TREND - NEW CRYPTO GAME - INCREASETheta looks to increase to all time high.
Since yesterday new game update, what will come soon on play store + IOS.
Theta will offer also free paid crypto for streaming and games.
@ expecting that Theta will increase all time high.
From theta twitter:
GameTalkTalk x Theta integration is live! Korean users can download the updated GameTalkTalk app w/ Theta in the Google Play Store, + English version coming soon
Have good time all (:
THETA/BTC (Testing Important Fib Resistance)💎Technical Analysis Summary💎
BINANCE: THETABTC
-We can see multiple rejections at the last Fib resistance area
-And Theta Token is trying to break above 0.786
-This is Bullish if the daily candle closes green
-Provided it can hold above resistance area for at least 5-7 days
-But I don't want to be optimistic at this level
-Because of the warning signs like RSI, price action, low volume, & pattern
-Yes, the price may still increase by up to 16%
-But on the risk to reward perspective, it is not good
-I would rather wait for a trendline support retest
-Before looking for a Bullish/Bearish trade idea
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Theta rising wedge. Is massive dump next?After weeks of growth Theta created rising wedge. Usually this pattern breaks down massively.
It can go higher but it's very dangerous to buy/hold at this levels.
StocRSI also cant sustain at this levels. I see stocRSI falling below 20, creating another buying opportunity in coming months.
I think this will play out in 1-2 weeks.
Theta Token Bullish, Facing Resistance, Aiming Higher ButtTheta Token (THETABTC) is looking bullish and pushing higher.
Right now this altcoin pair is facing resistance at the 0.786 Fib. extension level.
- Above this level, we go bullish, and more/fast growth is possible.
- Below this level, we can see prices retrace/correct before any additional bullish action.
There is some bearish divergence on the MACD and RSI but it looks like there is some steam still left... With that said, make sure to have a plan before you trade.
Previous chart |
THETABTC (+50%)
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Namaste.
#Theta #Token #BreakOut & #OpenSky? #tradingviewTheta token looks like a classic break out.
At the moment the double top is taken out of the market.
It is important to close above the breakout level.
Ideally the breakout should be followed by a retest of the breakout level of the top.
Charttechnically there are no hurdles and therefore OpenSky is possible.
However, resistances could build up at 0.77-0.78 as well as in the range 0.95-0.96.
Greeting from Hannover
Stefan Bode
THETA/BTC (Sign of Weakness?)BINANCE: THETABTC
-Theta Token is trading inside an ascending channel which is Bearish
-And a potential Bearish Double Top reversal pattern
-The pattern still unconfirmed until the base neckline is broke down
-Also, the upward trendline of support still intact
-If you have a swing position from the start of its uptrend channel
-Please take profit now and move your stop loss at key levels
-Because can see signs of weakness especially the RSI and low volume
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
thetausdt 4-hour analysisVirtual money has high profits and high RISK. THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion.
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