BitCoin will bounce back to 5700 and drop back to 3200

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin will bounce back to $5700 and drop back to 3200. I will long bitcoin in a short term until reach the suppression level of $5700 and short it then.


BitCoin has travelled in the parallel tunnel for 3 months dropped almost $2500 recently. It bounced back with certain amount of buying volume. It will have enough power to climb back to $5700. But there is a heavy suppression on $5700 as you can we there were high volume turn back there. After consuming the momentum, it will dropped back to the original point.
any reasoning for this prediction ?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out