JamesBrown
Long

Bitcoin sitting on the long-term trend line for the past week.

BITSTAMP:BTCUSD   Bitcoin / Dollar
This chart looks eerily similar to silver's monthly spot chart, to which I'm bullish on too.

In both cases we had a "bump-and-run" pattern that slowly came down to the old trend-line off of the parabolic high. Obviously, bitcoin's case happened in a much shorter span of time, but the fundamental pattern is close to identical (take a look for yourself if you don't believe me).

Still huggin' that trend line...
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That is why I got so bullish in my last chart (https://www.tradingview.com/v/eZ30SXtq/).

This is the ultimate final chance for Bitcoin to get back in the long-term uptrend. If this chance also fails - again - then Bitcoin can easily slide over the next years back to early January 2013 prices, which were below $15.
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ChartArt ChartArt
... with $192-$196, also $133 and then $65-$85 as next large support areas

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RamaDeda ChartArt
completely agree
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