The question in the title of my post is quite funny. Today I'm back with another prediction from Michaël van de Poppe, who I posted about a few days back. He's a full time trader from Amsterdam Stock Exchange, technical analyst, coach and he's posting these predictions on Twitter from time to time.
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This is one of his latest, posted yesterday, with a set of 5 cryptocurrencies that are making the news these days. His previous prediction was for 2022/2023, this is most likely for this year.
The numbers are impressive and if you have these coins in your bag, you may be smiling, rubbing your hands thinking of the nice profit you're going to make in case he's right.
Now the question is do you trust the fortune teller? Or, for those of you who don't understand the joke here, let me ask you in a different way. Who do you trust? What do you base your decisions on?
The answer is not simple and it is different for everyone. I bet if you'd run a poll about the matter, you'd be surprised how people are making decisions and who they trust.
For me, a statement like you've seen at the top of my post means nothing, no matter who said it. It only means something, if I see the proof. I appreciate this guy, even admire him for the knowledge he has accumulate (with hard work), but I need to see what he's basing his decisions on. He knows very well how things work in the crypto world, basically every analyst works the same way, so if you look deeper, you can find the proof.
This is the video with his analysis about ZIL and LINK, with charts, currencies and periods are compared.
I know know why, but many people hate charts. For me charts are the tools you can use to see where we are where we're heading.
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But there are exceptions as well. I fully trust the guy when he says Don't buy (doge), I trust him without a chart :D
Ok, jokes aside, this is a bull year, we all have the opportunity to make money, life changing money but only if we do it right. There are a bunch of influencers out there, you see them posting videos every day, but you don't know who's paid to shill which coin and it's hard to trust them. The best strategy in my opinion is follow a few, see if the market confirms what they say, then you know if they can be trusted, but even better if you learn how to read the charts and make your own decisions.
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If you look at the ZIL/BTC chart, you can see where we are now, compared to the ATH.
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It doesn't matter what I think, but the charts say what you see above is possible till the end of the year. I don't think anyone can predict when it's going to happen, but it's going to happen. Now the question is, do you have these coins in your bag? Besides Bitcoin, of course :)
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