Hello traders, here's an update on THETA in BTC pair for spot trading.
Timeframe: 8 hours.
Update: Theta token has been a deal breaker for traders in the BTC pair. If you do the backtesting then it has given 40% to 90% profit on the spot. I understand that Theta is under a descending triangle formation and technically it is a bearish pattern but only when it breaks down below the support. If it breaks above the resistance then it becomes a trend reversible pattern.
Here's a trade setup if THETA/BTC breaks above the resistance level.