It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up. The last few weeks have given us nice increases in price. It's also obvious to any long term observer that once this rocket starts to take off, the current price (~280) will seem miniscule. Why sell now and trade against the trend? I would set some stops to protect myself, but let the price go up more before considering to sell. If anything, it is buying time right now.
It is never obvious, it cannot be obvious - because obvious would move the price already. And the alternative interpretation is that we are in the 200-300 range at the upper bound and we are now heading back to the lower bound. Once we cross 316 this alternative interpretation will be invalid and then it will be a little more obvious and the price will move up quickly. But if we cross 200 - then it will also be a little more obvious - but in the other direction.