The fib circles I set up when BTC was around 22K has been working like a clockwork. It does not show what the direction is but it shows what the targets are. According this this we could hit 75K if we keep going up like this. I would expect a pull back from that area since we haven't had one for a long time. We may not even go to 75K and have the pullback any time...
Do you think it is a valid idea? Let me know what you think.
I had a long position and took profit after the candles couldn't go above where they are now. At first I didn't understand why it wasn't moving up. Then I drew the blue trendline and realized that it was because of that. It has been trying to break the blue trendline for a while now. Do you think it will break the line or go down? I am a beginner trader. Please...