This is classic astrology.  Lines and alignments through the stars—patterns that reveal the fate of man and mankind.

The last time that ascending Mars passed through this constellation, people with (star sign X) got rich, while those with (star sign Y) were lucky in love.  Thus shall it be now.

The low-IQ wannabe who got not-unlucky trading at 3x leverage has never heard the proverb, “Past performance does not predict future results.”  Let alone “past performance of an entirely different asset class, in a different market, in different historical conditions”.

Luser-level TA only works to the extent it does, because it is in some degree a self-fulfilling prophecy.  When enough traders see the same faces in the clouds, they trade accordingly.  Therefore, the market moves in the expected direction.  Unless other factors dominate.  Whoops!

If you want to do quantitative finance, Little Mouse, prepare to download a huge amount of data.  Crunch numbers with fancy equations involving many Greek letters—to develop a probability model, not an arithmetical certainty.  Drawing a human-visible line through a chart is a mildly amusing game for retarded monkeys.

Oh, and surely “Dr. Stoxx” is an expert on Bitcoin.

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Unfortunately, I do suspect that we may be in for a crash hereto unprecedented in Bitcoin.

(Longer discussion split off here—tangential to reply to ImThour.)