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Apr 1, 2017 3:37 PM

BTCUSD - Copied & Pasted Below in Comments for Easier Read... 

Bitcoin / U.S. dollarBitstamp

Description

...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.

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.

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