secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.
This is a good rule, along with "having a goal" for why you're buying bitcoin.
Our goal is simple, pull out the same or slightly higher amount of money put into bitcoin, anywhere in the world one day.
If we can do that, price doesn't matter too much day to day.
I think more we put speculation in price , more it become like gambling. I do not understand why we have lot of topic about the prices and almost no topics how to earn in bitcoin and spend in bitcoin.
All speculation still shows that people are not ready to leave the fiat system and just looking for place to dump their fiat so that they can get more fiat in future.