In an incredible display of support, Bitcoin rallied above $20k early in the morning on December 16. This upside breakout move coincided with a very strong Fibonacci Price Amplitude resistance arc originating from the low price level near March 20th. The implications of this upside breakout suggest Bitcoin may continue to rally higher targeting levels just above the $23k level ($23,150).
Cryptos are experiencing a price rally that is similar to what happened in 2016 and 2017. The enthusiasm for these decentralized alternate assets continues to climb as traditional hedge assets, like Gold, Silver, and others, have stalled recently. What we find interesting is the correlation between Bitcoin price advances and Precious Metal price cycles.
“Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.”-Note from Dudley
BITCOIN RALLIES ABOVE $20K – TARGETING $23K OR HIGHER
Stock Warrants – If Not Now, When? GET STARTED NOW
NEW Database now for all SPAC’s
Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.
E.B. Tucker with Casey Research recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.
“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”
