The so-called model, S2F, was well-known for its reliability, having predicted all moves in the Bitcoin price from its introduction. The spots trading rate, on the other hand, is reaching the threshold of whatever it could tolerate right now.
Cryptocurrency traders betting on the Plan B’s framework ought to be gazing at their wallets unhappily, as though it was a mischievous kid who gets a chunk of coals in their stockings on Christmas Day, as the anonymous users expert’s $100,000 BTC forecast didn’t come to play on the 25th December, 2021. Plan B responded by starting a thread in which he explained his side of the story.
From ‘Ho! Ho! Ho!’ to ‘No! No! No!’ and Everything in Between
PlanB decided to get a point across concerning separating his bottom structure from the BTC S2F approach. The floor layout failed in November and December, based on an analysis, as it barely reached the lowest expected costs of $98,000 and $135,000, simultaneously.
Plan B previously stated that if BTC was unable to reach $100k by December, his S2F methodology will get discredited, but he currently appears to be changing his mind. Alternatively, Plan B made an announcement that:
“S2F-MODEL-INTERACTIVE”
Let me be clear:
1) 1198 000 & 12135 000 missed = FLOOR MODEL FAIL
2) Miss Dec100K: I said earlier that if BTC pic.twitter.com/LRdfLinTm4
– Plan B (@ 100 trillion USD) December 24, 2021
Based on a tweet, the significance of the 180° flip was described by Plan B. From the tweet, it could be derived that it simply means that if Bitcoin remains inside the 1s SD zone during the coming 2.5 years, then the S2F concept remains relevant and beneficial for him, but the whole situation will still be up to you to finalize on a decision.
Plan B, on the other hand, allegedly stated this summertime that unless the BTC value did not reach $100,000 in December, he’d consider S2F useless.
S2F, Do You Think You Would ‘B’ Great In 2021?
Traders and professionals, as one may assume, are split. Whilst several traders are debating if the floor’s plan breakdown marks the ending of S2F, a BTC on-chain expert, has a unique perspective. Plan B’s opinion did not define S2F, according to Woo, because concepts remained independently of their designers. He wrote on his Twitter handle that:
“A model is a model. We can look back on it years from now and know whether it gets invalidated. Certainly not from some arbitrary line in the sand, even if it’s from the creator.”
Furthermore, Plan B had earlier stated that designs would not be required to be perfect to function.
The HODL Day Festivities Have Begun
The king’s token successfully surpassed the critical value – afterwards – and traded at $50,760.92. During the last 7 days, the token successfully increased by 9.04 percent. Despite this, the marketplace remained in a situation of panic.
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