@miscreanity, even if your $988 is violated and we move lower, it could still be an accurate channel if we view BTU+BTC as a combined price. We may end up getting BTU for free which we can trade for BTC. However, it appears BTU is not going to add the necessary replay attack prevention in order to get listed on the exchanges. BTU appears to understand that their coin will be sold off as an inferior altcoin if they add replay attack prevention. Seems like they are already admitting defeat and acting desperate maniacal now.
Although nobody likes the current problem with the 1MB blocks, an unlimited blocksize is not a viable technological solution. Sorry but incompetents aren't going to be trusted to lead Bitcoin. Roger Ver and Julian Wu are not competent enough to pull off what they attempted.
I'm looking at a range of $950-980 and anything consistently below that falls into very dangerous territory. I think a split would lead to a major shift into Ethereum with a period of decline and consolidation for Bitcoin.
Unlimited block size may not be a technological solution, but I think the end-game would be reasonably far off - at least a year or two. Personally I'd rather risk choosing the BU team since they can learn and add to the team, whereas core is so sclerotic that it would be game over immediately.