I'd also like to share a video by Chris Dunn, a technical analysis & short term trader, whom I have been following for the last 3 or so weeks. He has made very good Bitcoin predictions over the last weeks (whether it's just luck or not, you decide for yourself), and also gives very good insight into understanding market psychology as a way to beat the market. If you like it, watch his other videos as well, and follow him on twitter @ChrisDunnTV.
http://www.youtube.com/watch?v=000UtKtm7kUAlways remember, Buy Low, Sell High! Avoid the herd mentality, and like Warren Buffet likes to say:
"Be fearful when others are greedy; and be greedy when others are fearful."