dunno, everything seems right on schedule to me...
Yeah looks great knybe, but look a bit closer, the chart says $100 a BTC right now would be within the (median) rising channel. So we could be $500 over-valued right now according to your 'everything looks to be on schedule' chart.
We are at $600 right now. I predict sub $400 within a few days where it will stay in the 3-400 range for an extended period. There will be no recovery to the 900 level this year.
Last time we had a
bubble when it shot up outside of the established rising channel to $260 we waited
6 full months for a return to that level. I don't think we will need to wait 6months for a return to the recent high but 2-4 months is likely.
Median channels on a log-scale chart are not of much use for short-term investment decisions - especially when the volatility spikes are up to 80% of total value of the security. They give a false sense of price movement and when we are thinking of securing short-term gains the log-scale will give you very limited/no cues as to when to sell.
These are the real-world trend channels you need to look at to see where spot price is likely to go based on the current underlying trend - 2 possibilities to chose from. Both say
SELL NOW to lock-in profit or be prepared to wait
2months+ for a return to these levels.
NB no prediction is cast in stone - but this is the most likely future over the short-term based on recent price action. IMO
