UPDATE ON THE SITUATION OF $BTC AND THE ENTIRE CRYPTOCURRENCY MARKET AFTERNOON OF APRIL 16, 2024
Currently, BTC's H1 Bol band is bottlenecking, preparing to enter the sw. This is an extremely important observation area in trading.
Macd cuts the signal line from bottom up and approaches the zero band, giving a buy signal
The level of bottom divergence at the H4 frame is gradually forming. Quite good for the market. However, we need to wait more.
The overall altcoin market has a clear trend line when MM has criticized players for almost reaching the base of the uptrend wave. In the DH group's opinion, there will be no return to the old peak during this time, however the level A recovery of 20-30% is entirely possible due to the imbalance of supply and demand
My opinion is to TAKE PROFITS from yesterday's short order and buy when there is a good signal.
In addition, the BTC dom chart is following a triangle wedge pattern. If its value reacts strongly to the 2583 area and is pushed back to the 2430 area, there will be a chance for the altcoin to grow as planned.
Please watch btcdom react at 2583 to buy altcoin. The specific plan will be updated as soon as there is a signal.