BEARISH ON THETA/BTC

מעודכן
Hello Traders,

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



הערה
It bounced perfectly on the 0.618. Maybe the H+S formation is invalid.
תמונת-בזק
הערה
Its below the 0.618.
תמונת-בזק
הערה
The 0.786 target.
תמונת-בזק
הערה
This retrace still does not feel right, im still bearish. תמונת-בזק
הערה
In my head תמונת-בזק
הערה
This could be the last leg of this retrace.
תמונת-בזק
הערה
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.
תמונת-בזק
הערה
That bull div on the weekly looks like confirmation of momentum change.
CryptocurrencyFibonacciHead and ShouldersSupport and ResistancethetaTHETABTC

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