It's just like that but all predictions are spent on models that ignore what will happen in the world, obviously because it cannot be known in advance.
So all these predictions and models are nothing more than a virus that harms everyone who comes across it (in particular the models presented by BitQuant - with N=0 (N - number of pattern repetitions). They do not convey any real value and only deceive investors. Research shows that a person exposed to "expert opinion" is willing to take much greater risks. So it's safe to say that BitQuant is harming its followers, and probably most of them are people addicted to "hopium". Invested more than they can loose and desperate for hope. Some chart, some formula that will pull them out from under the water and turn a big loss into a profit.
What amuses me the most is that there are thousands of such model specialists. Mathematically, there is no way all of them would miss. So someone hits a grain like a blind hen and suddenly becomes an internet guru - a god with a crystal ball XD "this is the one, who predicted the bottom"