In the short term, after the current stagnation period is broken out off, *most likely* all the over-eager shorts building up on Finex (with no doubt the same pattern on the CNY exchanges) are going to get their balls crushed resulting in a retest and likely extension on the recent $310 high......

.....longer term, I am in little doubt that the $150 low will be retested and also breached.

If I was still tarding BTC (I amn't), I wouldn't take any position at this point in time. If Bitcoin pops up around $300, I would consider a building up a short position. If it hits $350, I would short Bitcoin out it's nut. If a rally fails to materialise and it is just yet more downtime, I would basically be looking to see where the next insane sell off volume spike occurs somewhere down below $150. choosing a low isn't obvious much of the time. But when a real keystone low is in, it is obvious.