Using Fibonacci FAN to measure BTC correctionsNo matter what the outlook may be, if the price exceeds the 50 Fibonacci Fan level, there is a greater than 50% chance of a sharp correction and a possible reversal of the current bearish trend to a more bullish cycle. Optimism is not going to change this fact.
I use it to measure the corrections.
The Fibonacci Fan is a technical analysis tool used by traders to identify potential support and resistance levels in the market. It is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two numbers. The Fibonacci Fan is drawn by taking two points on a chart and then drawing a line that is based on the Fibonacci sequence.
