For those that don't know, last year rpietila was predicting 1 BTC will be valued 1 Million USD by the end of 2013. (Which he later adjusted to "just" $300,000. You can find numerous references to his bold claims with your friend google
You mean he's been nonstop chattering about Technical Analysis for years now??
And he even mentions the fibonacci numbers... oh lord.
In my opinion, you can't really apply TA to crypto -- too many premines, sneaky devs and bots make for artificial trading. so in large crypto charts don't exhibit features of a free market at work necessarily and therefore their movement can't really be predicted using TA.
You'd think he'd give up on it after a certain point, but to not after all this experience is a bit bizarre.