@Raja espouses the same views as the hex scammer, not going to mention the name (similarity of opinion is probably just a coincidence).
That view is that the cycle peak was 64K (very little and premature peak, I know), then the bottom would be at 200Wk MA.
Woonomic is of the opinion that the peak will be in 2022 and that btc is currently in the process of shaking off 4-year cycles.
Whether this would happen or not, I don't know. Maybe 50:50.
It's not that BIG of a dilemma Biodom..
Yeah, of course, I can see that you are still putting a decent amount of weight (too much of course) into the dumbass theory that we are in a bear market (dead cat bounce happening currently, right?) - but our recent price UPpity from $29k to $48k (yes took 3 weeks to play out) had to cause you a wee bit of pause, no?
Perhaps not.. but what are we going to do for those miembros who are ongoingly wanting to play the bear thesis
(and suck a little bear cock) whenever they have any sliver of an opportunity for such?
Sure, you can plan out in more narrow expectations, that is your choice.
I am not sure about whether I had considered all scenarios in 2017, but in 2016/2017 I had been conjecturing that we were going to top out in the $3k to $5k range scenario.. and perhaps shoot beyond (just hoping for the best) but of course, you know that we ended up going to $20k. but at the same time, I had revised my sell on the way up plan in order that I was selling way more on the way up because I had decided that I did not want to sell a lot of BTC.. even though the BTC price shot up quite a bit beyond my expectations.
So even my memory is failing me, and maybe I have to look back at some of my posts from that time, because by the time that the $20k top came, I did not consider that the top was yet in.. so who knows the extent that any of that matters, if at all?
Of course, this time around we could consider varying ranges and more bullish and less bullish scenarios.
The various tops would have varying likelihoods of playing out such as my SOMA calculations:
[00.50]above $1.5 million - unthinkable of most bullish of scenarios - about .5% odds
[03.00]$800k to $1.5 million - most bullish of scenarios - about 2.5% odds
[07.25]$600k to $800k - 2nd most bullish of scenarios - about 4.25% odds
[15.00]$300k to $600k - Moderately highly bullish - about 7.25% odds
[27.50]$100k to $300k - normal range bullish - about 12.5% odds
[40.50]$65k to $100k - hardly bullish - but at least a new ATH as our top - about 13% odds
[55.00]$55k to $65k - deadman's zone.. not likely to be a top - about 14.5% odds
[73.00]$current price to $55k - relatively bearish - about 18% odds
-UP-----------
=== 73+28=101%
-DOWN-------
[28.00]down from here - most bearish - but possible - about 28% odds
I am not sure if I should have all of those odds add up to 100%, but just for comprehensiveness sake, I tallied them up in such a way.
73% UP
28% DOWN
Well that sucks that my numbers did not add up to 100% with engineering precision (I must be totally wrong, then. perhaps?) ..
It looks like
my supplemental was a wee bit closer to 100.5%.. because it was 72.5% for UP and 28% down..
Anyhow, I think that I am just going to let those numbers stand because the point has largely been attempted to have been made.. and sure we could attempt to figure out where to shave 1% off somewhere or perhaps 0.5% off in the supplemental.. or just let the extra 0.5% to 1% float.. They are meant to be ballpark attempts at specifics anyhow that were supposed to add up to 100%.. and sure even my approximate (out of my ass) calculations might change within days of the posting, too.. not to mention
(well, I did mention it) tweaks to the numbers that might end up having to have to happen weeks or months later.