You know the famous moon chart from Plan B?
The one with fancy balls that tells us Bitcoin to the moon?
I will not go to the point it works or it doesn't work.
But the model works on 365 day average prices and predicts from there the Future..
Do you know what that means? It changes every day. 99% of crypto people think that's premade.
How often do you see " look at 2016, how accurate that works". Sure because charts change every day.
What I can tell you for sure, is the price doesn't move because some random makes some points on the chart. Its supply and demand, and yes maybe because people are badly informed and believe it the price pumps too.
Btw, Stock to flow is not created by Plan B. It was used in the past for gold and some other stuff. It doesn't work there.
https://www.lookintobitcoin.com/charts/stock-to-flow-model/
here is the model, if you don't believe me, look at Twitter plan B the past charts and you see they are all different.
In general, if enough people believe in up only before the bear market, the model works. So it is not bad.
Other models have similar problems. And I think the next Bullrun can be pretty different. But who knows.
Always do your own research otherwise the alligator hits you
