@Georgemorsels, go look at his profile...i'd say he has more accuracy than majority of the charts you look at. my charts showed 12k back in may 2021...the time is coming.
AhmedMesbah
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@JamesRunningLongAbbe, Thanks James, i was actually shy to post my anticipation of 8k, which is very applicable as well considering current circumstances. The shock investors had that crypto in general is not an inflation hedge is adding more pressure. The zone between 12k and 8k or a bit below though seem to have lots of demand. We'll see.
JamesRunningLongAbbe
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@AhmedMesbah, i agree. i remember a couple years ago when crypto really started to move and everyone was selling the "its a hedge against inflation" the only thing i could think of is the scenario we are in now where wages dont match the overall cost of living. hard to hedge against inflation unless you have the funds to actually participate and unfortunately it really shows. who wants to hold something nobody else is actually holding? thats not a hege thats much closer to a gamble... it would be different if someone like grayscale was actually accumulating then an argument could be made... if you look at my charts i posted a picture of their positions and they have been selling off small bags pre-ath
AhmedMesbah
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@JamesRunningLongAbbe, I've just checked them, totally agree with your anticipations. looking for a scenario like this next few months.