It looks like we broke that long term exponential channel.
very bad then? hasnt that happened before past bubbles?
Who knows - I would bet at least on a quick, but rather deep flash crash.
It happened in 2011 - but on a strong down trend - so it resulted in an even stronger down move.
Indeed, recoil time! The spring is being pushed in to the max!
What if it breaks?
What are the generally accepted long term channels at the moment?
It can never break given you understand and fully trust Bitcoin. It can only break if I'm completely wrong in my analysis of Bitcoin. I'm seldom wrong and hope this is not one of those occasions.