casacup

BTC/USD: is this the bottom, or not?

BTCE:BTCUSD   Bitcoin / U.S. Dollar
This is a logaritmic graph of the BTC             price since april 2013.

Since the all time high in december 2013, we have switched belt in the upper direction two times:
1) In january 2014 (the recoil on the dump after the pump to 1000 USD)
2) On the run in may from 400 to 600 dollars

We have also moved into a lower belt 9 times.

Is this the bottom, or will we go lower again?
here it is another version with stamp data
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casacup casacup
https://www.tradingview.com/e/qXfLS6vx/
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hey, man, check ALL history! First bubble was BIG!
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casacup bnzn_qwazar
On a weekly graph that's all the data tradingview gives to me, sorry
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people do use mtgox data for charts, does tradingview let you upload data? I'm pretty sure the lower bound might look different if you used all time data.
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casacup BenjaminNewton
I'll try. But I'm more interested in the current situation. If the past match it, it's even better.
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Obviously I meant to write "Do we need to ADD a new belt or not". Sorry for my mistake :)
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