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S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
79.75
(
0.00%
)
Bitcoin
68,124.90
(
0.48%
)
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AAAtrades

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AAAtrades

Re: None

Tuesday, 05/02/2017 11:29:33 AM

Tuesday, May 02, 2017 11:29:33 AM

Post# of 32477
I made another calculation of the monthly trading bitcoin price and I have a way of determining what a max price could be based on monthly RSI (relative strength indicator)

On two previous occasions in 2013 the monthly RSI for bitcoin hit around the 96 range which is extreme.

Using a spreadsheet I can project what the monthly bitcoin price needs to be for us to hit 96 RSI again and I get a monthly closing price between 5000 to 7000.

If you think we cannot hit 5000 to 7000 THIS MONTH in bitcoin price think again ...

BestOnlineTrades

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