There are some similarities in the up/down patterns, but we seem a bit higher at the moment without the big death drop and long recovery. So does this mean we are progressing and don't need such a long recovery period or does it mean we are going to see some near term jumps UP followed by stronger selling action pushing us closer to the -84% fall we have seen in the past?
The looks very thin just above where we are at now. I there is a big run up it would need to be a true launch vertical and take us through it. Otherwise the power of the DOWN cloud is going to serve as resistance and push us several more months to the right and possibly lower.
Set some low BUY orders and if they hit, know that you bought some coin at prices everyone wished they had gotten a year ago before we launched to $20k.