I think the most relevant point is that the prediction has been very accurate (so far), regardless of the tools he used to make this TA. Sometimes the best analysis are the vague squiggly lines and random arrows pointing up and down - if the price follows that path that this. Kudos to PentarhUdi for getting things right so far, I haven't seen another publication that has been this accurate (regarding the lows, the highs, with the correct time-frame).
I haven't either. It was an amazing prediction. For whatever reason, he has apparently abandoned it though, and is now predicting a return to the 200-week MA to build out this long term triangle.
Oh that's surprising to be honest I haven't reviewed the users TA to see how accurate it is, so I wouldn't put too much merit into another piece of analysis. Unless of course their TA is generally very accurate, or that this starts to become accurate. But by the looks of it, by the time it's accurate it'd be too late as it were (without there being an arrow for price to follow as with the in genius piece of TA). Then again, they predicted a move from $3K to $14K that no-one was expecting either, so who knows.
Either way, I don't like the lines. I'm OK with the resistance trend-line as enough speculators have identified it as relevant (even the bearish Tone agree breaking through would be fully bullish), but the support trend-line with two "sets" of touch-points looks like it's on a pivot form $3K that could be angled in many different ways. Personally, when looking at a longer-term support trend-line, I prefer connecting 2016 & 2019 on a log chart, that is a lot steeper, but I feel holds more relevance. This referenced chart's 2017 support point doesn't even connect with the lows either.
I definitely prefer his December 2018 prediction.
I also prefer accurate TA, the older the better
Drawing a squeezing wedge on the linear chart on macro level is pretty meaningless in my opinion.
Couldn't agree more to be honest. There are times when linear charts makes sense, macro Weekly/Monthly views aren't those times.
Bookmarked +1.