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RE: Bitcoin Trend / Major Bitcoin Trend is Up As Long As The Price Above $1600 / Look To $1780 & Wait For $3,250.
Pretty fair assessment, I tend to look at the 1 day candles in relation to bitcoin though. Then again with the accelerated rate of trading right now 2 - 4 hour candles is probably right. I always giggle when I see 5 min candles and an analysis of like 2 days of trading.