If you go back to January there were plenty of traders predicting it would go to 300 before the next rise. The problem isn't with TA, it's with inexperienced TA advocates (like me ! ). The ones that know what they're doing usually make reasonable calls.

Put it this way, there must have been about 200 news items over the last 10 months that are on a par with the okcoin rumour - from Overstock adoption to Circle derivatives to Australian startups to Coinbase going worldwide.

Not one of them made a damn bit of difference to the price.

Then, the moment we hit the long term moving average after a couple of retests - "bang". It's a slam dunk.