agree 100%. I'm bullish/long and would really like to hear a good case for why the rally is over besides "altcoin X is going to take over bitcoin is dead or "we've made a reversal and are going back to 200." We still haven't come close to breaking to 50% fib retracement, so there's good reason to think we're still in a bull run.  
  
My current theory to justify being long in the context of those graphs:  
  
--the move we made to 500 is similar to the move made in october 2013, before everything went vertical. but instead, this move was sharper and moved higher relative to the basis. being this early in the potential rally, it would be expected that a move like that would need to settle.  
  
--supporting the above statement, we were higher at the date we hit 500 than any other rallies previously. this move may be larger, but longer, than previous ones, since it requires so much more buying to come on now that the market cap is higher to begin with.  
  
overall I'm watching the 12 day EMA in china--we moved so high so fast that we vastly outpaced it and are just now really testing it for the first time. for context the rise in 2013 at a similar time broke the 12 day EMA 3 consecutive days, so conditions vary but I do still believe were in fine shape if we hold that. Also for reference at that same time point in 2013 the 50/100/200 EMAs weren't completely in order yet, and we've been there for well over a week.