Samoto

BTC: We are going up after reaching the local bottom!

Long
Samoto Updated   
BITSTAMP:BTCUSD   Bitcoin
More than 50% dip from ATH is just normal for this phase of the cycle.

We have been waiting for higher low and now path for upside is open:
- RSI on convergence
- MACD on convergence

Direction: up, with possible retracements.
Comment:
Some key levels to watch:
- $38500
- $40000
- $42500
Trade active

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