BTC short-selling action 21 April 2022 21:07 UTC

Here’s an update on prior BTC posts for April 21, 2022, @ 21:07 UTC:

Long Bulls Keep Calm. Bearish bias and emotional trading in play.
The start of the 3rd major bull wave would be broken if BTC falls below $38294

Altcoins gains @ 17,26% above BTC's relative 24 hours performance gain. The normal range for Altcoins @ 18%-22%. Lag today is closing towards normal correlation to BTC.

The whole market’s status is ‘’Risk On’’ is the active market today, but overselling has greatly increased to 157,38%, and the indicator is1.57x above the 50/50 neutral reference base!!!

BTC’s dominance at 38,51% and is @ 89,33% of the recent monthly range (with ETH’s having a weaker dominance day at 17,96% and is @ 49,40% of its monthly range)

Accumulation is favoring the medium to longer-term traders.
Recommending accumulation on good quality coins and shorting the dogs.