My position is still active as it could bounce off the bottom of the 4hr cloud again like it did on the 16th and get back on track. It has a lot of 12hr resistance to still push down through. I wouldn't be surprised to see it swing back up, but we are also closing in on the bearish 24hr cloud with not much time left. If we don't hit it along my trend line, I doubt it will break through.
Also, the sustainability of mining BTC likely comes into the picture. GPU mining is already dead with the current difficulty. It needs a BTC price of ~150USD to be break even with no difficulty increase and you'd likely never recover the cost of new equipment. Avalon looks defunct at the moment. BFL won't ship anything in quantity until it is more profitable to ship than to mine, probably in the 30USD range. ASICMiner will continue for awhile but at 40USD even they may not be able to cover the cost of producing more chips. So basically you'll be stuck with a few people owning expensive ASICs and dumping any BTC to try to recover costs.
If it reaches parity with LTC, then I think BTC will likely lose as LTC mining doesn't have the hardware access limitations that BTC mining does.