THETAUSD Possible Scenario

Looks like BTC is forming a classic bearish divergence pattern and going to retest lower levels.
(As long as BTC doesn’t clear 9500 soon)

That being said.

I would not be surprised if Theta retests .158 before correcting. Forming a similar pattern with btc.

I would not go long and try and scalp trade this because when and if BTC corrects.

You can get caught in a risky alt position.

I am placing a sell order @ .158
with a SL @ .165

Again looking to add to Theta position after correction.


JW