Ha that is true but my prediction was that $58k era had ended, which it for sure did.
And at this point the only way we can get back is if we get one of those COVID level extinction events.
I'm unconvinced that $30k is still a valid target for your plan.
I think you're bullshitting me.
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No. I’m being serious. I believe that by the end of 2026 we will revisit $30,000 once again.
And that's what?
like a 70% retracement?
So a peak of... $100k? :D
Nah.
It doesn’t matter where it peaks. The market has proved almost everyone wrong over the past couple of years and it will do the same during the bear market when the price will fall way lower than what “the establishment” believes. Just an assumption.
Right so if it peaks at $300k you don't care and will continue to target a 90% retrace.
Even though this has never happened in any cycle.
Peak $600k? 95% retrace!
That's way too rigid of a prediction imo.
It definitely matters where the peak is.
I don’t believe we will get that high.
Right... that's another serious problem in your strategy here.
You're guessing on things that don't need to be guessed on.
And then you're extrapolating more based on the guess.
You're gonna 100% know what the peak is in advance before trying to guess the bottom.
You need to clear your head of all that nonsense and keep an open mind, or else when the real information presents itself you're going to let the old guesses that have already been proven wrong affect your decision-making.
This is a real thing that happens in trading every cycle.
Thank god I know what I am suffering from 😁