THETA - A Risky But High RR Short
Some frothy ALTs have been pushing up while BTC looks very corrective hovering around 0.618 of the previous local peak. Reasonable chance THETA will tag 0.886 from the top-to-crash-bottom before heading down. Also if recent price just printed a minute wave 2 then a 5th wave would almost exactly hit the 0.886 at $13.5. I have a small short order in this area.
Not advice.
Not advice.
Comment:
Comment:
Forgot to put that this potential wave 1 and 2 could just be corrective noise.
Comment:
Looks like noise. So lets sit back and see if the most bullish altcoin can break its corrective path for the "mainnet launch at the end of this month," with Bitcoin in the beginnings of a bear market. Independent movement is what counts. I'm not saying one way or t'other.
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