Alt Season Coming Soon?? THETA Potential & BTC FORECAST
Updated
TO HAVE AN IDEA OF WHAT ALTCOINS like Theta will do, we have to understand what future possible actions BTC can take:
Now as we watch and see what BTC BITCOIN waits to do, it is currently ranging in the 8500 - 9200 region, with no clear directive.
I propose a likely impending fall of BTC towards the @ 7700 region of support (and also 0.618 fib level) shall the nearest region of support @ 8500 be broken, and maybe a short temporary pump to the 9000 - 9200s region of resistance as the bulls exhaust their final breath.
Historically, we often see an Alt coin pump as BTC makes its retracements, as traders pull out of long positions in BTC and securing profits from the previous dips. My forecast for THETA can be seen from the chart above. An overlap of the THETA Main net 2.0 launch with BTC retracement would possibly drive more BUYING PRESSURE into THETA for an upside pump.
AS ALWAYS, TRADE CAREFULLY AND FEEL FREE TO LIKE AND FOLLOW TO SUPPORT MY PAGE IF YOU LIKE WHAT YOU SEE = )
Regards,
GOL D ROGER
Now as we watch and see what BTC BITCOIN waits to do, it is currently ranging in the 8500 - 9200 region, with no clear directive.
I propose a likely impending fall of BTC towards the @ 7700 region of support (and also 0.618 fib level) shall the nearest region of support @ 8500 be broken, and maybe a short temporary pump to the 9000 - 9200s region of resistance as the bulls exhaust their final breath.
Historically, we often see an Alt coin pump as BTC makes its retracements, as traders pull out of long positions in BTC and securing profits from the previous dips. My forecast for THETA can be seen from the chart above. An overlap of the THETA Main net 2.0 launch with BTC retracement would possibly drive more BUYING PRESSURE into THETA for an upside pump.
AS ALWAYS, TRADE CAREFULLY AND FEEL FREE TO LIKE AND FOLLOW TO SUPPORT MY PAGE IF YOU LIKE WHAT YOU SEE = )
Regards,
GOL D ROGER
Trade closed: target reached
TP1 Reached @ 0.00002083Fib level 1.0 seems to be holding resistance so closed for profit
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.