I find that whenever i try to follow these speculation threads i always get lost pretty quickly once people start pulling out the numbers/graphs, how did you guys start learning how to read and process all this information and make predictions from them?
The thing is it's 99% bullshit.
Nobody here can predict where Bitcoin is coming.
Ignore all the graphs and drawings. They are totally useless and the people using them are delusional.
Just ask any of those guys if they are a millionaire. They will ignore you. That says enough.
But one thing you can gage is the mood on this forum. And then try to make a value judgement.
I was just eyeballing the i286.org page a few hours ago, and noticed the frequency of red sells vs green buys increasing. Took a screen shot, was about to point it out by uploading to imgur....and the price went from 1220 to 1150 before my eyes.
So no real crystal ball prophecies, but others have said easy money if you want to try your hand at day trading. Sell above 1200, buy back before 1150. Except this major pattern has only happened once so far in my day.
Ofcourse there are signs every now and then and you can make sort of a prediction but drawing a line on a chart to explain where Bitcoin is going the next 2 weeks is simply completely ridiculous.