Price will go up fore sure and I will tell you why!

[porcupine87]

Hello,

inspired by many threads here , I started to read (nearly) all of those books about technical analysis (TA). Then I realised that you really can predict the price an basis charts. So maybe good news like the adoption of bitcoin (overstock, basketball teams, porn.com etc.) or that the goverment will not forbid it, can influence the price. Bad news might have an effect on the price (China's goverment, alternative currencies and so on), too. But bottom line, what's important is the chart. So after reading all those books I looked at the chart of today and with all my knowledge and 4h of thinking I came up with this simple chart ( it is easy to understand, but only with much knowledge you can create it).

As an investment advise: When the price is below the line, the price is undervalued and you should buy. Above the line it is overvalued and you should sell.

What do you think? Will you really sell you coins now? Based on my knowledge from TA i made 1000% profit in only 3 months.
(sorry, I just made it with Paint).

[fr33d0miz3r]

[Ibian]

At least make straight arrows.

[Mikcik]

1) Whats your IQ?
2) How many books did you read about this? How many pages aproximatelly?
3) How much time did you take to learn "all this knowledge"?

[Rub3n]

Lines are made with news. Not lines.

[skivrmt]

Lines are made with news. Not lines.

Lines are made with both.  Right now lines are generally being made by, well, lines, support and resistance lines.  Not much is going on to move the price in either direction and such we've been in a very tight trading range (relatively for BTC) for several weeks now.  Any good or bad news can break us out of these "lines".

[porcupine87]

1) Whats your IQ?
2) How many books did you read about this? How many pages aproximatelly?
3) How much time did you take to learn "all this knowledge"?

1. Higher than yours, when you seriously ask 2) and 3) 

[chessnut]

Lines are made with news. Not lines.

'Lines' are made also when stops and limits are hit and when a lot of people default. these lines are most common and necessary because of the distribution of wealth and information.
It was hilarious to watch the gold manipulation in 2012-2013 when some of the NFPs came out very negative yet gold fell sharply after a tiny spike up. There were a lot of stops hit back then. sentiment used to be 80% bullish on gold. now its 59%.
its all science in the end. TA is not a joke, however ambiguous it may be.