Don't take my word for it, check the following chart
I don't think that a few arbitrarily placed red lines drawn on a chart is going to convince me of Bitcoin's future price movements.
Bitcoin's price movements are based on a combination of its functionality and what speculators perceive could be its functionality in the future (and admittedly, often what speculators think that other speculators will think in the future).
This perception could change at any time.
You can't use the past to predict the future, and if you keep trying to, you will end up losing money.
Even though it can't be done, more and more people will try to do it. That's how it works, people think that charting and all these weird techniques are actually going to show them the way with trading. The people that are charting know that it's not working -- they're just going to sell their services and methods to make money cause their charting can't do it.
It's smart for the people selling, they're able to make money off of fake lines and calls.