Source: LinkedIn by BusinessBulls
Hi I go by name Dr.Jukko and BitCoin price movement is my special power!
If you want to know more of financial predictions on markets specialy for BitCoin BE SURE TO +FOLLOW
I recommend to read my previous posts to be sure that I'm not lying to you!
See the video of Fibonacci channels how the price is respecting them:
@drjukko/the-end-of-the-bitcoin-to-the-moon-or-is-rally-still-on
Read recent articles:
@drjukko
NOTICE: This is not a financial advice, you trade and invest at your own risk! Enjoy the reading!
We saw a quite dump for BitCoin today, why is that so?
In recent post (BTC secrets #3) I wrote that the red ring N°3 I said: Red ring as current resistance but I don't think it will play a much of a role as resistance more possible is to be later support.
As it played for now it's still resistance. I still think we are going to 40k-ish area as I predicted and let me explain you why.
The current support is on the red channel that is currently on if this one doen't held we will find support on white ring or on blue aka pivot ring. I closed my margin position yesterday on red ring.
It's possible to have drop to 26400 area where is 21 exponential movina avrage on daily chart. This is possible entry.
Possible pump to 40k?!?
On daily chart I wrote how many days were pushing up the price before red candle. So it is possible to have next 4-6 days still uptrend price movement. We are not close to 21EMA on daily chart where is also support.
On weekly chart I went back to 2019 and it's showing the weeks as chart above in days. Here you can see how is the pink channel line respected since nov 18 till today and it goes way back to 2011!
If or when the pink channel will break we will se a quite dump of the price. I would even dare to say it can be 50% correction. We will se what the future will bring us!
Hope you enjoyed the article!
Carpe Diem / Seize the day
Dr.Jukko
P.S. Don't forget to +Follow
In the time of writing the article price has found the support on blue pivot ring. 2nd picture in this article.
