Bitcoin to drop to $7,331 before bouncing back to $7,475+

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is my prediction for the bitcoin price over the next few days. I think the price will fall back again to levels we have seen recently of around $7331, giving you another opportunity to buy more bitcoin while the price is low, then will swing up again probably pausing at the previous line of resistance around $7475 USD.

On this chart you can look for the colours Blue Green Yellow Red in order from bottom to top as a good indicator of the best times to buy. Sell when the colours are overlapping. Can be done on the 15 minute chart if you want to trade frequently for compounded profits.


Let me know what you think in the comments. If you agree with me please like the post so I know!

Good luck with your trading!


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