Long Term Fet prediction! Weekly chart (Hopeum Edition)Please feel free to zoom in and out of the chart for better clarity. For quite some time I was stuck in 4 hourly daily charts. Given the current situation ,I personally avoided checking larger weekly time frames for quite some time until now. I am not saying we are out of the bag yet!!. It still feels like this bottomless well is sucking us in. Then I said to myself wait, this is how we are supposed to feel just before the tide changes direction.
I felt the same when btc hit around $4000 last time. When zoomed out of the weekly chart, I noticed that only 2 buy signals generated(many common buy indicators are lighting up at the same time)
First time this happened was back on march 9 2020 ish from that point price went up to ~1.2$ (roughly 11000% growth) I took these numbers as a reference point and also assumed supply increased by 6 folds over the last couple years. I estimated that during the next bull run $fet could possibly grow roughly 2000% percent .