bitcoin bull back

hi, there are some bulls in bitcoin right now and they have alot of determination. they have been trying for a while to shoot for the moon and the runs are getting stronger and stronger. take a look at the big run inside the red channel. there was no-one to stop them until they got pretty high up. then price retraced about 50% and they start running for it again. you will notice they have been succesful in consisently raising the lows before the red channel with a small run here and there. anyway i am bullish on bitcoin, and i think 2016 in general will be a very good year price wise.