I know it is not conventional to perform TA on Monthly time frame. I wanted to have a long term view of the BTC -2.87% . Based on the Monthly view and Fibonacci level, we might see BTC -2.87% near all time high on September 2018.
Thanks for your chart and sharing your ideas and point of view. Good luck trading.
gkim93
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@tuamen, This is an excellent Log and Linear view of the BTC price action. I can definitely see this happening as well. I will be definitely shopping for more cheap BTC if it dips below 5K!
deactivatedaccount123
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I think you might see it a lot sooner than September ;)
I predict in Sep. we will be around 100k or so.
gkim93
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@MC_Peewee, That is a very exotic prediction. Care to share your analysis behind the $100 K claim?
deactivatedaccount123
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@gkim93, If I had enough money to buy all buy one bitcoin in existence, and you sold enough alts for BTC, how would only 1 bitcoin cover the cost? If it was a million dollars, or in this case, 100k.