No, this is not the BTC chart, but it looks equally parabolic:
It is the Dow Jones Indutrial Average chart showing the most hated rally in human history.
If you did not manage to open a long trade @ 19,000 or 20,500 you were basically locked out of this market for months now.
Not a single good entry point was given since April 2017. Not a single correction was bigger than 600P in this highly overbought market.
BUT: this cannot last forever... A bigger scale correction is long overdue and could have started today. If this weekly candle turns red until friday evening, there is a high chance of a 1400P correction approaching. Finally, you could say...
But the weak USD will likely push it to new alltime-highs right after this correction is done... I am looking to short this drop and buy the dip afterwards.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, 
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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