Today I present to you an alternative way to view my based on a logarithmic pitchfork channel I've found BTC to run in. This should also serve to illustrate why this most likely IS just a correction, if not a long and painful one. Check out my main post, for a more detailed write up on this outlook, but essentially, if Bitcoin DOES manage to regain some of it's bullishness in the next few days, the question is, what resistance will stop it? And in turn, which channel, 1 or 2 (hopefully,) will it run in?
For an alternative, more bearish outlook on BTC's future, see the flipside of this idea, BTC Logarithmic Pitchfork Channels (Bearish) and it's more in-depth main post, (which, be warned, is still a fairly optimistic view of it relative to some.)