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Theta

Theta Machine - 12/07/2022THETA MACHINE UPDATE No New Trades Today I want VIX and IV to go higher so we can collect extra premium...if not tomorrow, by Friday I will increase the cost basis to +500, and Theta will be around $150/day. Overall POP = 84% POP = Probability of Profit *Next Week volatility can spike as we will have CPI (Dec 12) and FED (Dec 13). With that said, I will probably hedge with Micro Futures. *Quick TIP if you want to hedge your portfolio> +50 Delta = 1 /MES (Micro) +500 Delta = 1 /ES (Mini) My Delta Beta Weight now is around 100, so In order to hedge I need to Sell 2 Micro Futures (2x /MES)
CME_MINI:ES1!
by IronMan_Trader
1
There is a possibility of retesting the resistance!THETA had a range trend during the last week. After the selling pressure, the price of THETA broke the support of the $1 range and pulled back to this resistance, and is still decreasing and moving towards the lower support intended for it. The support is located between $0.765 to $0.590, and if the price hits this area, it can bring a positive reaction. In the daily time frame, we see a correction wave with 38% correction, which considering the price reaction to this range, we can still consider the power of sellers to be higher. Therefore, the minimum we expect is a retest of the previous support level in the range of $0.85. Also, we can see a range trend in the 4-hour time frame. Before the price continues to fall, there is a possibility of retesting the resistance in the range of $0.95 to $1. Because in the 1-hour time frame, the ascending trend line has broken down, and in the event of divergence, the probability of falling to the supports increases. The additional point is that the current resistance that the price reacted to in the last candles also overlaps with the midline of the descending channel and has great power to push the price back toward the supports.
by MonoCoinSignal
2
Theta Network RiskWe read charts and we read signals. We like to look for/spot reversals because if one is successful at spoting a trend change or breakout before it happens the chances increase for higher gains. When buying near support levels/bottom prices, the risk is always small (very tight stop-loss) while the potential rewards can be great. Look at Theta Network (THETAUSDT) now, bottomed out. If one is smart and do decide to buy after doing their research, the stop-loss can be at tight, at 10-20%... And if you get it right and the market turns... You can be looking at 40%, 60%, 90%, 150%, 200% or more on the way up. That's the beauty of trading cryptocurrency or anything for that matter. We have a maximum risk of 100%. But the potential profits have no limits... And we know that crypto grows 10, 20, 30x on bullish cycles. A few Xs in every bullish wave. Of course, there is no need to risk 100% ever. A tight stop-loss as mentioned before, limits your risk to 10-20%. So you only need to plan, win a few ones and many can go wrong and you still win in the end. We have to be smart though... We have 4 daily candles closing green. The trading volume is still low, nothing is yet confirmed. But after a lower low, short and long-term, with bear volume going lower and lower... We know for sure that soon the market will turn. How you approach it is your own choice. I am just sharing my thoughts. This is not financial advice. Thank you for reading my friend. Happy weekend. Happy holidays. Thanksgiving, all that stuff. I love you. Namaste.
Long
by AlanSantana
2
Theta Token vs Bitcoin | The Basics & BeyondI am seeing some bullish action but still mixed with weakness... We will have a better picture in a few days and hopefully things will go towards the bulls, but we can't know for sure. I have to give you the whole picture. After the June breakout THETABTC technically remains strong. The correction took prices as low as 0.618 Fib. retracement which is normal and then bounce up... Still just consolidation so it can go in any direction but the bias mid-term remains bullish based on the late June bullish break. Short-term we have these last 5 days closing green... But still, the signals are mixed. We are aiming higher though because we go with the chart. Let's get more technical: - We are strongly bullish above 0.00000511. - Below 511 satoshis the bullish bias remains in play but becomes weaker. - Even 450 can be tested and all we would say is that patience is key. We prepare for the worst but hope for the best. We are looking at the negative side because the bulls right now are ahead. If there is bullish follow up, nothing to do it just go up. But if it breaks down, we are prepared... Always consider all scenarios, this way you know what to do ahead of time. For example, if this chart breaksdown, would you close at a loss or wait long-term? This question needs to be answered before you start to trade. :) Namaste.
by AlanSantana
1
THETA - Bearish breakdown?In this study on THETA, you will note the breakdown of the longer-term consolidation over the past two weeks, as THETA has broken through support at $0.95 to form a bearish triangle that also looks to be breaking down. A Fibonacci projection of this drop below support of the longer-term channel presents a few targets; $0.748, $0.648 and possibly $0.485. Do you think we could get a 30% drop, or more, in the value of THETA? Will this be the final drop to exhaust sellers and conclude the bear market?
Short
by Crypto-Swing
+50% Spot Long Position on THETA/USDTThe movement of THETA has been rightly similar to what we expected in the past, and due to the strong fundamentals of this project, it is also in the category of our main choices for future investments. This currency is now in the upper limits of its initial upward trend, which can prepare itself for the next upward move with a small correction to the specified Fibonacci ranges, which will also be a big move. Therefore, we suggest that you look for buying in the upcoming correction and add Theta to your investment portfolio.
Long
by SasanSeifi
3