Get started
Theta Token / Bitcoin
Short

BEARISH ON THETA/BTC

By WickHunter
Updated
Hello Traders,

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



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

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.