BTC.D is bouncing back, is the market about to enter a correction?
As warned in the previous post, BTC.D is entering a recovery phase, currently after BTC.D reacted at 59.59% corresponding to fibo 0.618, it has started to bounce back.
A clear sign we can observe is that BTC yesterday increased by 3,000, altcoins benefited by 3-5%, however today when BTC surged, altcoins hardly increased and showed signs of correction in most groups.
Therefore, according to MGS trading's plan, the next correction phase of BTC along with a strong increase in DOM may cause a red wave to cover the entire market.
Manage your risks and protect your trading results from the recent period and come back here to thank me when the market corrects.
What do you think about the upcoming rekt? Please leave your opinion below.