Hello Traders,
Large H+S on THETA/BTC pair just as BTC.D is ripping.
Large H+S on THETA/BTC pair just as BTC.D is ripping.
Note
It bounced perfectly on the 0.618. Maybe the H+S formation is invalid.Note
Its below the 0.618. Note
The 0.786 target.Note
This retrace still does not feel right, im still bearish. Note
In my head Note
This could be the last leg of this retrace.Note
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. Note
That bull div on the weekly looks like confirmation of momentum change.
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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.