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How to use Fibo levels in trading?Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡 Many newbies on the market, and I'm sure this post can be helpful, so must be repeated 💪 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 Fibonacci levels are a tool that sets horizontal support and resistance levels on the price chart based on price movement. It's important to understand, that Fibo levels work well when there is a trend in the market. How to determine Fibonacci levels? To determine Fibonacci levels, you need to find the recent significant high and low of the last price movement. When plotting levels for a downtrend, the first point should be at the maximum and the second at the minimum. For an uptrend, you need to do the opposite. Click on the low of the price swing and drag the cursor to the high. In this case, the construction of levels always occurs from left to right. How to trade by Fibonacci levels? The basic variant with an upward movement: we determined the minimum and maximum, set the levels, waited for a rollback, entered the market. The price continues to move - we drag the levels to a new maximum, wait for our rollback level, and enter the market. In a downward movement, we do the same, entering a movement on a pullback. The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in trading and in everyday life . 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 We can make some conclusions: 🔵Fibonacci tool draws support and resistance lines on the chart based on price movement; 🔵the Fibonacci tool is always applied on the price chart from left to right, both in the case of long positions in an uptrend, and in the case of short positions in a downtrend; 🔵the levels marked between the beginning and the end of the price movement are correction levels, they show which levels the price is likely to return to; 🔵the most common Fibonacci retracement levels are 38.2%, 50% and 61.8%, they are often used to enter the market; 🔵there are two ways to use correction levels to enter the market: aggressive (entry at each of the levels) and passive (waiting for the price to correct in the originally observed direction); 🔵It's important to note that Fibonacci levels are not a trading system, they are an additional tool that only suggests possible correction levels; it should be used only in combination with a trading system or as part of a trading system. I hope everything was clear for You, and You found this post as helpful🙏🏻 I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
16
New Bitcoin's update 🚀💣Hello, dear traders! Let's continue our Bitcoin's trading journey! So far, ONLY short-term deals! Why? It's safer this way! Here is our long-awaited correction !!!💪 That's why I pray You day-by day <>🙏 We have already corrected by 20%. We can notice, that we're currently seeing a downtrend dominating on the hourly chart. The price, touching the downtrend line, bounces off it and continues to fall. How long will the correction last? I think that we are unlikely to go below 29,500. Don't miss the opportunity to buy at a great price. But don't forget, that greed is the enemy of any trader. My previous recommendations 👇 Stay with me forever💋 Thank you for staying with me🧡 Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
17
Bitcoin, Litecoin & Ethereum🚀💣Hello! Everyone is interested, when the correction will end and what will happen next. IMHO, that the price is unlikely to go below the indicated levels (green zones) on the Bitcoin, Litecoin and Ethereum charts, respectively. Correction is not a reason to panic and fix losses, on the contrary, it's an opportunity to buy cheaper and sell more expensive, receiving a larger percentage of profit. As Bitcoin's dominance declines, I think there will soon be a great opportunity for altcoins, who have long been stuck gaining momentum! In the end of Bitcoin correction, we're waiting for a temporary sideways movement, a decrease in volatility, which will make it possible to get profits from altcoins. Have you bought altions? If so, which ones? Share with me in the comments Thanks for attention😍 Glad to be useful for you😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
28
How to tame Crypto Market?🤑Hello, dear bottom catchers😉 It's difficult looking at the market correction. Waiting for a strong and prolonged correction is doubly difficult. Fears and concerns are very easy to understand, when we see today's prices 😱 Each of Us wants to catch the very bottom. With a high probability I can say, that's almost impossible! You can ask me <> I can answer You😉 1. Undervalued buy orders. Trader expects to see price too low and misses the opportunity to buy during the correction 2. The price hits the bottom too quickly and simply "flies" up. That's very typical of Bitcoin 3. Greed. That's a terrible vice. A trader, seeing, that the price goes down for a long time, constantly looks at the movement and tries to predict and grab the bottom, but that's impossible without experience. I can give You advice for protect Yourself!💥 Split Your buy orders🔥🔥 (that's part of my strategy). What does it mean? Using Fibo levels, find the "golden mean" of the retracement and set several buy orders in this zone. (How to use Fibo levels, You can find in my next EDU post, stay tuned ) What will we get from it?💥 1. We don't have to worry about missing the opportunity to buy at a discounted price. By splitting orders, we can average the average purchase price. 2. You don't have to sit at the computer all day and not spoil your nerves. Take a rest. And You'll forget about greed What do you say, friends? I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
25
Bitcoin & Rocket Bomb's view 🎉Hello, my lovely friends!💋 It's time for my Bitcoin update!😉 For Now ONLY short - term trades! That's safer way to make money! DON"T BUY BTC ON LONG TERM TRADE!!!! To be honest, I'm selling my Bitcoin holdings that I have been holding since March.Don't wanna be greedy😉 Nowadays, too many people are talking about Bitcoin at 100K and above. I don’t see any prerequisites for this yet. I don't deny anything, but I'll not risk it. Buy and sell area you can find on my chart! Stay safe and stay with me😻 Thanks for Your attention🙏🏻 I love You very much and appreciate each of You💋 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
50
Litecoin/Bitcoin potential 🚀Hello, my dear traders! The cryptocurrency market is full of opportunities every minute!You can earn a lot and You can lose a lot🤷🏽‍♀️ In pursuit of wealth, we forget about the main thing - it's safety! What is needed for stay safe? - Calculate the risks correctly! If you are building your portfolio for a medium or long term, the best option would be to buy altcoins, that are at the bottom. Looking at the Litecoin / Bitcoin chart, we can conclude, that the price accumulates for a long time on a historical bottom. And that's not bad opportunity to add this pair to your portfolio. Do you agree with me? You can find buy and sell levels on the chart Thank you for staying with me😍 I'm always glad to help you, my dears💋 Your Rocket Bomb🚀💣
Long
by RocketBomb
23
Bitcoin by Rocket Bomb🚀💣Guys, now looking at the pump 2017, it seems to me that it was childish babble, although then it did not seem so)))) Looking at eternal growth is unbearably painful, and you just want to fly in on the next green candle. But nobody knows whether the deal will be successful! All, that we can do now is focus on short-term trades and catch the wave! What I'm trying to do)))) There are small corrections, try to catch them and DON"T risk a lot of money! Try to stay safe and don't stop learning! Have you seen the Growth of Dogecoin, by the way? Who managed to catch the wave? Thanks for Your attention🙏🏻 I love You very much and appreciate each of You💋 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
23
Ethereum / Dollar 💥 #RocketBombquickideaHello dear friends! My previous posts were comments like "don't try to catch the price, we're flying to the moon"! I don't blame anyone, and I ask for respect me! Sometimes I really can not catch the price, this is normal, the main thing is not to lose money buying Top! At the moment, the situation is next! Several orders have been triggered, the price may still go lower, but that's unlikely! On the chart you can find the buy area and the sell area! Happy trading guys! Stay calm and control your emotions. - thats most important! Always sincerely your Rocket Bomb🚀💣
COINBASE:ETHUSD
by RocketBomb
17
9 Golden Rules of Effective Money Management 9 Rules of Effective Money Management in Trading 1. Choose the correct position size. The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal. For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money. There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing. 2. Don't trade too aggressively One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit. 3. Always set Stop Loss Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal. For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes. This is one of the basic principles of risk control. Certainly not the only one. 4. Be careful with leverage In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses. As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe. 5. Keep your emotions under control Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions. 6. Take responsibility for your results (both losses and profits) How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him. 7. Manage your risk and avoid overtrading A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure. 8. Set the position size and take profit level It is a key element of money management in trading. Before trading, a trader must determine: 🪄Position size 🪄Stop loss size 🪄Take profit level 9. Cut losses quickly and let profits grow According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades. Enjoy your trading journey! I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
29
Trading vs Holding 🤯The profitability of cryptocurrencies over a long period is very attractive. So why just not invest in cryptocurrencies according to the <> strategy and keep them a couple of years? 🤔 💥It's hardly possible to give an unequivocal answer to that question, since everyone has their own strategy, psychology, and risk appetite.💥 👍🏻 Some arguments in favor of trading: 👍🏻 👉🏻 not all cryptocurrencies live for a long time, and those assets that are now leaders can become outsiders after only a year or two; 👉🏻 investing in a Buy & Hold strategy is justifiable if there is significant free capital, that can be diverted from circulation for a long period of time. ❗❗You can increase your profitability if you combine the holding strategy with active trading (or at least re-balance the portfolio from time to time). 👉🏻Giving preference only to long-term investment, it's impossible to acquire trading skills, which, by the way, can become an additional source of income. 👉🏻As for the arguments in favor of the Buy & Hold strategy, the image illustrates them most clearly🤣 Thus, trading allows you to profit in the short term, and long-term investment doesn't require frequent activities, as well as the study of various indicators and trading strategies. However, in both cases, a rational choice of assets, discipline and balanced decision-making are required. In any case, if you choose one of the strategies or their combination, you can't do it without knowledge and skills. What do you choose for trading?🧐 Therefore, I always urge you to develop, learn something new, and people who have long been on the market - don't stop self-development.💪🏻💪🏻 Guys, if you liked my post, put me 👍🏻 and write your thoughts in a comments✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
12
Bitcoin & Rocket Bomb's view 🧐Hi, dear friends, hope You had a great party yesterday!🎉 I'm updating yesterday's Bitcoin idea, although it's still valid. Now the price has formed an ascending triangle, the exit from it will most likely be down- by the width of the triangle. This correction will be a good opportunity to buy Bitcoin for a medium or short term at a discounted price😉 🪄You can find buy and sell levels on the chart If you have any questions, write me in the comments) Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
16
Bitcoin & Rocket Bomb's view 🥳Hello, today the price of BTC is pumping! It's so great for long term holders like me🥳 I'm gradually making profit from long-term trading!💪 The secret of successful trading is the correct allocation of capital.😉 One part is for medium-term - long-term deals, and other for short-term. What I'm planning to do in this situation? For a successful buying, I'm waiting for the price pullback to the levels, that you see on the chart.🔔 In the meantime, when the price was pumping, I took long-term profit. How do you react to a pump? Are you panicking? Buy on highs? Or just sit and watch with popcorn?🍿 Love you😍 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
41
Dogecoin: Hope you like pets🐕Hello, my dears! How are You! That's little shock content here😆 What will you choose? Buy at the Bottom or Buy Tops? I think this chart speaks for itself😉 Who has already bought Dogecoin? I bought it a long time ago. The first buy order was at 20, then I decided to buy at a cheaper price at 16 - this gave me the opportunity to average the price = 18. Let's be patient.🙏🏻 PS Place sell orders immediately, because the price soars at lightning speed. There is a chance not to keep the profit)))))) Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
Long
by RocketBomb
6
New Year Bitcoin Update by Rocket Bomb 🚀💣Hello, dear friends!🧡 I can't start the party and leave you without Rocket Bomb's Bitcoin update! 🧡 I would like to tell THANK YOU, that you are so worried about my health! My private messages were bursting with Your advice and words of support. I'm so happy, that You a part of MY World💋🙏🏻 That's just a huge value for me!😊 Thank's each of you!💋 It became much easier! Still not good as I would like, but it's better than it was! As for Bitcoin 💰 On the chart, you can see, that the price is going down from ascendind wedge. I marked the buy and sell levels in zones for You. Don't be greedy and split buy orders, so you don't miss out the best price.💥 And of course, it will be interesting to analyze the recent history of Bitcoin movement. For now - identical , IMHO😉 What do you think? By the way, when will the long-awaited deep correction be? Maybe never?)))) Any thoughts?🧐 HAPPY NEW YEAR, my lovely friends🎄🎄🎄 Thank you for staying with me🧡 Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
27