Short term bull, mid term bear, long term bull

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I found this pattern that has been going on for the past couple of months, There is a steep fall followed my a small retrace followed by a fall followed by a larger retrace, The first blue area went up higher than the other ones because of coinbase news. The short term bull might already be over.
What's the support line based on?
oliverdbm HanumanHumane
+1 Reply
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