Theta Token / Bitcoin

Kort

BEARISH ON THETA/BTC

Uppdaterad

Hello Traders,

Large H+S on THETA/BTC pair just as BTC.D is ripping.

Kommentera

It bounced perfectly on the 0.618. Maybe the H+S formation is invalid.

snapshot

Kommentera

Its below the 0.618.

snapshot

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The 0.786 target.

snapshot

Kommentera

This retrace still does not feel right, im still bearish.

snapshot

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In my head

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This could be the last leg of this retrace.

snapshot

Kommentera

As I expected 1 more move down. I reckon Theta has completed the retrace onto the 0.786 retrace. I would have expected the final 5th wave of a C Wave retrace to be deep but this one looks kind of short and stubby.

snapshot

Kommentera

That bull div on the weekly looks like confirmation of momentum change.

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