How to use Fibonacci in #Cryptocurrencies
As you can see in the image, Bitcoin and Fib retracements are a very powerful combination. I personally only use 61.80% & 78.60% because this particular market is very volatile and prices tend to go down or up very fast. Always wait for 4H or Daily Closure and a good candlestick pattern like doji, tweezers tops, hammer. Remember that the most powerful Fibonacci plays perfectly when you are with the trend. As you can see in my related ideas, i use Fibonacci for confirmation and for correlation with my key levels.
Feel free to leave a comment below and if you like the content i am posting give this article a like and follow me for more premium knowledge.
Feel free to leave a comment below and if you like the content i am posting give this article a like and follow me for more premium knowledge.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.