Analysts in the Bitcoin market are dime a dozen, but good analysts are hard to come by. One of these “good” analysts is PenarthUdi — a pseudonymous TradingView user who few know nothing about, other than the fact that his calls have been amongst some of the most accurate in the industry.
In December 2018, he made the linked infamous call on TradingView, on a chart depicting that he expected for Bitcoin to bottom around $3,000 by the end of 2018, then rally to a price between $10,000 and $20,000 by the middle of 2019.
Although his predicted ranges for where BTC would find a local bottom and top were somewhat imprecise, they followed the chart to a T.
Even more amazingly, he wrote at the start of February that he expected the cryptocurrency to top around $10,000, then decline to $5,400 by around the end of March. Of course, this decline just took place, with the price of Bitcoin falling to $5,500 a week or two early. Read More...