Cautiously Bullish, and watching for signs of "real" demand

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The problem with going long right now
actually has nothing to do with the chart.
There have been some beautiful reversal
patterns, like this head and shoulders .

The problem is the lack of "real" demand
for BTC             . Every chance the market gets to
rebound, it slowly fades off.

Therefore, I'm cautiously bullish , and quick
to cut losses if bulls cannot hold support.
I thought the "demand" wasn't for transactions and currency, rather just to speculate and make millions. There are much better cryptos out there for actual currencies now, but bitcoin is nice.
Network effect tho.
Demand could mean anything... people who want to store BTC like gold, use it for transactions, or just speculate. The fading volume and lack of a higher high indicates prices could keep fading for a while.
I foresee one more final FUD crash instigated by China in the next 2 to 6 weeks before the long term uptrend resumes.
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