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Long

Bitcoin Recent Pullback: Great Buying Opportunity

BTCE:BTCUSD   Bitcoin / Dollar
260 0 0
Using a 2 week time period, this graph includes 2 major recent pull backs to the bottom of the Bollinger bands , with a full and complete increase in moment and price. The current downtrend mirrors the first 2 pullbacks. Right now is a great buying opportunity due to low RSI and the recent price pullback has brought the price of Bitcoin to the bottom of the lower Bollinger band . Expect a rise of 20-35% and a price of 1300-1500 USD/BTC in the next 5-7 days.
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