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).
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQCTqq6I.png&t=665&c=aQte3GeiFbgkow)