Highly interesting! Your chart represents exactly my thoughts. Makes a lot of sense that bitcoin behaves at the moment like after the 2011 bubble. After all, we had a huge increase in 2013. Takes thus more time to deflate, but the network keeps growing and growing, just look at the number of transactions or wallets. 2014: the year of bitcoin network growth, 2015 will thus probably be more akin to 2013 with large price increase.
I don't know what you're seeing, but both of the places you circled on your chart look like good places to buy if you're right. That means they're bear traps. I wouldn't really call the rise from $400 to $680 a bull trap since the price has barely gone below $400 still, and according to you, it's about to go up.
Then the bull trap should be confined to the $500-$680 time range. The first bull trap should be right at the $30 peak of 2011, and maybe another one right at the $7 peak of January 2012. The $2 bottom in between is a bear trap, *not* a bull trap.