Bitcoin: Published 24 seconds ago on December 23rd, 2021 by Sahana Venugopal
With less than 48 hours until December 25, however, investors and analysts now have to wonder how to deal with the S2F model.
Bitcoin needs a little miracle for Christmas 100k. If it doesn’t happen, will I drop the S2F model? No, I really like the lower bands. In fact, I released the model in March 2019 in the lower bands with btc under 4K. pic.twitter.com/L1m0jFGNYM
– PlanB (@ 100 trillion USD) December 18, 2021
When Plan B was called for this Conversion in the analysis, other experts are wondering what the right approach is.
For example the famous chain analyst Willy Woo shown that Plan B isn’t the one who decides when to disable S2F – even if it is the creator of the model.
A pattern is a pattern. We can look back on it in years and see if it’s invalid or not. Definitely not from any arbitrary line in the sand, even if it’s the Creator’s.
– Willy Woo (@woonomic) December 22, 2021
Blockstream co-founder Adam Back comment that a model is only as good as its input. Even if the model is correct in the end, mistakes can happen, according to Back.
he says the opposite, see below. it’s just a pattern – people get defensive. such a model cannot be very accurate because the input is volatile and unpredictable – if it were correct it would be +/- error bars for some macro / summary reason. https://t.co/2xcrgolOVb
– Adam back (@ adam3us) December 21, 2021
There were two models in front of me, but …
Cracks appeared in November when Bitcoin failed to hit its target of $ 98,000 that month. However, this was linked to the PlanB soil model. Many investors felt the showers, but PlanB confirmed that S2F is still up and running. Regarding the floor model, he explained:
“… I see it as an anomaly and maybe as a subsequent V-shaped recovery. And if that doesn’t happen then, that is, if we also miss December [price], then the floor model is out of the window and broken. But a model – I think that’s a good point – a model doesn’t break the first time you fail. ”
The crash then occurred in December, now it remains to be seen whether the floor pattern will miss its target this month as well.
We are all rooted for you!
At the time of writing, Bitcoin is worth $ 48,342.04. Bitcoin Fear and Greed Index flashed Value 34, signals fear psychology.
Regardless of what analysts say about Bitcoin S2F, which exists separately from its creator, thousands of investors are sure to be pursuing the December target of Plan B, and therefore PlanB itself.