The true moment of going all-in is RIGHT NOW.
Why might the latest pennant be such a different beast to the previous ones?
Was wondering the same. A larger, similar shaped pennant could be seen if we were still to have another capitulation event. Which would mean the all in moment would be quite a while from now.
That pennant theory is long gone.
That graph is from march
2014...
I believe he was posting that to show others have tried to use historical patterns to predict the price and have failed miserably.
Indeed, past performance doesn't predict future performance, this is very basic in trading an chart analysis, even tho there is nothing to fear with Bitcoin, it literally hasn't even begun yet.
