Months hold the truth
I don't know why but too many people don't even consider looking at this chart.
Just look the MACD. I think that it's pretty clear that the wave will have intentions of going up in green.
RSI reached the level of 60. Last time it was on this level (in dec 2015 and aug 2016) the price was between 400-500$.
We saw BTC rise from that level around 40x till rsi reached the level of 95.
I don't want to be way too bullish but if this happens again we have opportunity to see btc rise 40x the current price (of around 8000$). That gives a result of around 320000$.
The possibility of btc reaching even higher levels can't be excluded as we should not exclude the possibility of btc being heavily shorted at levels around 20000$.
A long way to go, but it will be fun watching resistence levels fall
Just look the MACD. I think that it's pretty clear that the wave will have intentions of going up in green.
RSI reached the level of 60. Last time it was on this level (in dec 2015 and aug 2016) the price was between 400-500$.
We saw BTC rise from that level around 40x till rsi reached the level of 95.
I don't want to be way too bullish but if this happens again we have opportunity to see btc rise 40x the current price (of around 8000$). That gives a result of around 320000$.
The possibility of btc reaching even higher levels can't be excluded as we should not exclude the possibility of btc being heavily shorted at levels around 20000$.
A long way to go, but it will be fun watching resistence levels fall
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