BTCUSD - Copied & Pasted Below in Comments for Easier Read...
...of text bubbles. The Daily indicates we still have more upside to continue. However, the lower TF's are currently showing a brief consolidation/distribution period before a continued move upside.
How much further upside is yet to be determined. If you look at the Daily chart here, you can see the green, red & black lines CAN stay above the 80% mark for quite a while before going back down. This is why I said, "How much further upside is yet to be determined."
I would say "Long" on BTCUSD. However, one must keep in mind to RESPECT the green line on the Daily approaching 80% mark. I would say buy in on this dip and have a stop loss set that you are comfortable with.
How much further upside is yet to be determined. If you look at the Daily chart here, you can see the green, red & black lines CAN stay above the 80% mark for quite a while before going back down. This is why I said, "How much further upside is yet to be determined."
I would say "Long" on BTCUSD. However, one must keep in mind to RESPECT the green line on the Daily approaching 80% mark. I would say buy in on this dip and have a stop loss set that you are comfortable with.
Comment:
Simply posting this as an update to show there was in fact a dip and hopefully you were able to make entry in the dip.