I fail to understand how a support level established before btc's ath, before China and Russia ban, before the enormous losses suffered by the Mt Gox disaster, before the IRS ruling btc is property and not a currency, when the mining landscape was far different, when the adoption landscape was far different, has any fucking meaning whatsoever.
But wtf do I know, I'm not a TA pro.
Read this article
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230It has been confirmed by really smart people that people using TA lose more profit than people who don't use it.
A big financial corporation never ever use TA alone.
If you can get your hands at BTC address from the trolls here and analyze it through the blockchain, you will notice none of them have made profit, only big losses.
Everyone has the right to be a bull or a bear, but manipulating and misforming information is so annoying.