janek_gabelko

janek_gabelko Updated 

Hi Guys, I'm looking at the fractal I found yesterday. If you inverse scale and check out the period from the very first red daily candle from ATH (17th Dec) the similarities with recent retrace is quite apparent. Candlestick patterns, Fib levels... even timeline is eerily similar. Of course fractals often work...until they don't :-) but it gives us confirmation...

janek_gabelko Updated 

a clear channel on 1D suggests 10k as first target. If it happens you may consider shorting the retrace but I personally wouldn,t count on any rational behavior when we clear 10k. FOMO may push this thing further. In general shorting this parabolic move up is definitely harder than longing so why not just long. Chopping movements are quite severe though so low...

janek_gabelko Updated 

Here's my plan for the correction IF there will be a one. There are basically three uptrend lines breach of which will be a PARTIAL sell signal to me. They are supported by important horizontal support areas/ lines. I will not make a guess which of these supports holds and therefore give me a rebuy signal. I will ladder my sells and rebuys accordingly. I'm in it...

janek_gabelko

There is still support around 8000 from the rising trend SO NOTHING HAPPENED YET to justify dumping Your bags of $BTC or alts. Also, as You can see, there is more support below before we can even discuss trend reversal. Running around soiling your pants won't help you. NOT A FINANCIAL ADVICE* *You will however save some laundry money