I am not claiming to be a skillful forecaster, but I will give you my 2 cents.
I believe that any worthwhile forecasting should be based off of fundamentals, and while technical analysis is interesting, it is ultimately not a reliable method of prediction.
By technical analysis, I am especially point out that there are plenty of "chartists" who believe they can understand market forces by looking at patterns in charts. I don't mean to start a flame war, but I believe that the chances of understanding complex market forces simply by reading lines in a chart is akin to predicting someones future by reading the lines of a palm.
For me, the largest moves in BTC will correlate with global geopolitical events, namely the state of the global economy, and how governments react or preemptively act to influence the use of Bitcoin.
+1
Open an (Demo) Account at your favourite broker and have a look at charts or market behavior during important news. ( You don't get successful by reading something)
here you have a (simple)economic calendar:
http://www.bloomberg.com/markets/economic-calendar/or start here:
http://www.babypips.com/school/ to learn a bit about TA.
Honestly, to make money in forex market is the most difficult but you can apply the TA-knowlege to stocks/CFD/options..... But TA is only clever to use for entrys or exits in a small timeframe, on a larger timescale fundamentals are more important.( my opinion)