When majority of people are going out of exchanges where do they go?

This is quite simple they go to private wallets. They HOLD and don't want to trade with them. If they do transactions they will be from wallet to wallet, so don't panic, it's organic =P If you have BitCoin on exchange

As in 40k to new years post you can see I had support written on white ring and you can see it in picture below that price found support right on the ring!

NOTICE: Above is 1D chart, under on 4h

I found another Fibonacci circles tgat are in dark purple colour. We are right in th center of the ring in 80% when BitCoin enters the rings in center price went up when it leaves the 0.236 fib ring. Current Major support is on yellow ring if it doesn't hold on yellow (pivot) ring then we're headed down to 20k.

I remain bullish and I still think that as soon as we break 25k we're going to green ring above where the blue arrow shows. That green ring is also pivot ring! If the price went above we can expect pump to 40k. In other scenario finding support on the gray channel line between green and yellow pivot rings.

Carpe Diem/Seize the day
DrJukko

NOTICE: This is not a financial advice, you trade at your own risk!