The forecast is based on a proprietary system we at 4xQuad.com use to hit targets dead-on week over week. So, our system - if it could voice words of its own, would say: "yes, seriously. And no, I am not kidding you". In fact, we have made so many calls that started out at such a distance from the target, that we were bashed or ridiculed in private or public, but we stood our ground and proved our system right.
However, we have to agree with you given the caveat that one trader made the astute remark that not all bitcoin volume has been participating in the valuation of this fiat currency, and that there remains major players that may sway this chart erratically, one way or another. So, given this account, we too have "human" reservations about the system's target. Yet, the system has proven itself right too many time, despite a swelling amount of doubt (ours included), that we can only provide the target value to our customers, sit quietly and watch the chart unfold over time.
It is with all humility when we say that we'd love to be proven wrong, so that we may learn from unseen circumstances, however, at this point of our product, we have to stand by it as it has been quite consistent and accurate.
Feel free to peruse our dead-on hit list of Forex pairs, indices, and metals, so that you too may appreciate the series of successful forecasts we had defined weeks in advance - some are made public by courtesy of 4xQuad, while most are released privately to our members (this is not a solicitation, since we are not taking membership request anymore).
Following are concrete examples of what I am touting above:
Here is a recent dead-on forecast on $AUDUSD, which produced over 600 pips: http://on.fb.me/1kDHbdB
Here is a another recent dead-on hit on #naturalgas ($NGAS): http://on.fb.me/1aVzhGQ
And here is a recent $XAUUSD ($SILV #silver): http://on.fb.me/1bAgpSg
Also, here is the archive of all the dead-on calls we produce week after week: http://bit.ly/16JMnH8
David Alcindor | 4xQuad, LLC
Denver, Colorado, USA