BTC.D April/May Analysis

Looking at the 1 day chart you can see BTC.D is in Distribution phase D (LPSY) and will be looking to retest the broken support soon, which BTC and alts will need to drop momentarily. However after price accumulates and retest (as seen on 1 hour chart), BTC.D should head back down, continuing the big bull run for BTC and Alts, but we will need to keep a close eye during that time as trends can reverse.