Hi,
Not sure on what you based your horizontal support line here ? It just seems to me that, pre-january 15th, you could as well have decided to draw it on the 11000 line... I myself am kinda holding to the hope that we don't go too close to (or past down) the 8000 (as this is close to my average entry level) and that we'll see a consolidation, but I'm actually wondering if I wouldn't be better off taking the small profits I still can make, pull back a little and wait for a clear market direction.
I'm also quite tempted to compare the actual situation with an oddly similar price action we met in the past :
![](https://steemitimages.com/DQmdBpTZLnwWRKkn2nnovTCKYDVNSx3FmHTox83679fUiZr/image.png)
Euphoria, parabolic rally, double top, severe correction, 'back on track', even more severe 'correction', nice rally (without volume) and then...
Besides the fact that the support line there seems way more solid, imo, with at least 3 to 4 contact points,  
at that time the pullback we saw reached 69% down from the top. In today's price, a similar pullback would put us way below the 8000, around 6000k.
Afterwards, that 2014 'compression' ended on a nice +60% rally... before a downtrend that took 2 years to reverse (and passed trough an 86% down from the ATH - today that would mean something like 2600k).
I totally agree on the not-the-end-of-the-crypto-market part, and I also realize the market is not in the same state it was back in 2014, but still I don't think the possibility of a long term bullmarket ahead can be so easily wiped off. What's your take on it ?
PS : I don't know how this will be read so I feel more comfortable clarifying : I'm not trying to antagonize you, here ; I'm trying to have a discussion and would like to have your opinion - amongst others.
Thanks for reading.