Check out the monthly long-term trend since the very beginning. Tracking the duration of the expansion and contractions of the price movements, we see there is definitely a general pattern here. Not an exact science but intuitively you can see there is an ebb and flow that trends upwards. 5-6 month expansions followed by 7 month contractions. We are at a point where there is alot of support and a extremely bullish long-term support trendline as well as we are at the end of a 7 month contraction. Look at the end of the last 7 month contraction and compare and contrast with now. Food for thought.
