Bitcoin / TetherUSEducation
My new fibonacci levels tool
Hi crypto traders,
After many years of using Fibonacci retracement, my predictions started to be less relevant since Trading View started allowing to change the fib levels from regular scale to LOG scale. Since then I got confused especially with crypto that many coins 10x easily. So i decided to get my own fib levels tool (feel free to back test it on your own).
Basically, I took the Fibonacci sequence numbers of 21,34,55,89 as my fib levels to watch for retracement. For the number 76, I added fib number, 21, to 55 . Then I ‘ve noticed that between 21 and 34, the difference is the UNLUCKY number 13. Number 13, it is also the difference between 76 and 89. This gave me a confirmation that 76 is an important level to watch even if it is not a fib level.
Hopefully this is helpful for some people out there. From now on, I will be using those levels for my chart analysis.
Stay safe!
After many years of using Fibonacci retracement, my predictions started to be less relevant since Trading View started allowing to change the fib levels from regular scale to LOG scale. Since then I got confused especially with crypto that many coins 10x easily. So i decided to get my own fib levels tool (feel free to back test it on your own).
Basically, I took the Fibonacci sequence numbers of 21,34,55,89 as my fib levels to watch for retracement. For the number 76, I added fib number, 21, to 55 . Then I ‘ve noticed that between 21 and 34, the difference is the UNLUCKY number 13. Number 13, it is also the difference between 76 and 89. This gave me a confirmation that 76 is an important level to watch even if it is not a fib level.
Hopefully this is helpful for some people out there. From now on, I will be using those levels for my chart analysis.
Stay safe!
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