Theta Token / Bitcoin

Short

BEARISH ON THETA/BTC

Updated

Hello Traders,

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

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

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Its below the 0.618.

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The 0.786 target.

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

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In my head

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This could be the last leg of this retrace.

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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.

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

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