Bearish pattern in making

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
113 0 1
Fairly new to publishing ideas but I see this pattern emerging, it seems to happen in 4 steps. Second cycle of this pattern took about half the time of the first time this happened.

I think that the pattern might occur for a third and last time before going up, I'm not very bullish for the near future although I am going to try to trade this pattern. There is not much strength to this upward movement and the market doesn't 'feel' ready to go bullish at the moment.
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