Well IMO we are either at beartrap or despair, but as others have said this graph can be really applied to many things and its relevance to BTC has to be questioned. The main problem being we haven't been through all of the background phases of the chart i.e investments, public etc. Which if you go by my guess' means that we are at beartrap, but the pattern of the line looks awfully similar to what we have witnessed meaning we could be at despair. Who the fuck knows where we are jumping from 90-100, but if you take either of those predictions then at least the only way is up eh.