Each wave of selling, red boxes, are approximately equal. Each rally was also equal. This suggest that the momentum of the rally is linear. What I pay attention at this point is if we pullback more than the magnitude of the redbox. That would suggest a change in trend. Let see how this one plays out.
I do live trades and market analysis daily. Follow me on my trading blog and twitter: ibankbitcoins.com, http://www.twitter.com/ibankbitcoins