BTC End of year runThis is a full chart of my current thinking.
And the first part in many new trend charts i am going to post.
NOT TO BE FOLLOWED
S2fx
Schizochart Year 2: Disproving the Power Law Corridor......With an even more bullish scenario.
I combined some dude's circular fibs + an approximation of the S2F levels + PLC and then added a fourth circular fib with the top being at PlanB's estimate. It revealed to me that this is the last major cycle for bitcoin, and we will soon break out and never return below this level.
You're living in history times.
bitcoin supercycles charted accurately bitcoin supercycles charted accurate. in this chart I tried to clarified and chart exactly the repetitive in order to demonstrate the power of halvings and the effect of supply shock on the price. this point can also strength and help understand plan b's s2fx model/
The Road to 288k (PlanB S2FX)"I have no doubt whatsoever that S2FX is correct and bitcoin will tap $100K-288K before Dec2021"
On this chart we have the upper & lower bounds of bitcoins log channel. From a purely technical viewpoint it does appear that 288k is possible before 2022.
Lets play the waiting game and find out!
Undervalued Bitcoin - A lot of room for capital gains According to PlanB's Stock to Flow Cross Asset Model (S2FX), Bitcoin (BTC) is still undervalued by 35% as of now and the fair value of Bitcoin will climb further in the next month.
The S2FX model predicts a Bitcoin price of around 280k USD by end of 2024 at latest. What we saw in the last weeks is a lot of buying activity of institutions like Microstrategy, Square and Greyscale Bitcoin Trust driving the prices higher and higher.
My personal opinion is that this is still the beginning of the big Bitcoin pump in the upcoming month. More and more institution start buying bitcoin against a hedge against the endless printing of FIAT money. FOMO (Fear of Missing Out) is following.
