Thanks for sharing that. I added a new section to the end of my my blog, to give my critique of his technical analysis (TA). We’ll observe the outcome…
He is slightly off on the time scale
And note the implications of being off on the time scale with his method. The price predictions totally change.
Given that we went from $1200 to $19600 in a few months I really don't think that a new high in the range of $100k is that ambitious.
That 16X move that already transpired brought in 2.7% of Japan’s population into Bitcoin. Another 10X move (to the $180k his chart predicts by Q1/2019) would need to bring that to 27% of the population if proportionality is required. Do you really think we’re ready for that level of transformation in the adoption that quickly? Rather I think we’re near a topping and then we’ll need a few years for the rest of the population to catch up with the early adopters. However, blow-off tops can spike in the short-term beyond the inertia of the fundamentals, i.e. proportionality of adoption doesn’t have to keep up with that blow-off move to a crypto winter peak.
The Asians are the early adopters en masse. The Westerners are lagging and will be the greater fools. The Asians will be selling into this coming peak and then repurchasing at much lower prices. The Westerners are by now the milking cow for Asian to consume. We’re old and decadent demographically, economically, and culturally.