Ultimate Guide to Crypto Fibonacci Retracement Levels: Bitcoin & Altcoin Trading

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Also Read: Best Crypto Trading Bots in 2020

For now, let’s give you a little back story as to why institutional traders have been using this tool for decades…

A Quick History Lesson on Fibonacci

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How Were Fibonacci Levels Discovered?

An interesting proposal within his book was based on an observation of a particular problem involving the growth of rabbits in ideal conditions. The solution to this problem was later found within a mathematical sequence of numbers which we now know as Fibonacci numbers.

Why Are Fibonacci Levels Such a Big Deal in Trading?

While the math will most likely go over most people’s heads, it’s important to note that the Fibonacci sequence is found in the geometry of nature. You can find the sequence in things like animal skin, DNA structure, spirals within a seashell, and the list goes on.

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What Exactly Do These Levels Mean?

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How Do I Use This “Almost” Magical Tool?

The Fibonacci retracement levels are made up of horizontal lines which are used to highlight areas of expected support and resistance within crucial Fibonacci ratios. In order to create these levels, you’ll need to draw a trend line between the lowest and highest price of a particular trading cycle.

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Can Fibonacci Retracement Levels Be Used With Other Trading Tools?

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Final Thoughts…


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Crypto Account Builders

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Transform Your Diminishing Crypto Account into a Powerhouse Portfolio in Under 60 Days with Our HIGHLY PROFITABLE C.A.B. > https://CryptoAccountBuilders.com

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Crypto Account Builders

Written by

Transform Your Diminishing Crypto Account into a Powerhouse Portfolio in Under 60 Days with Our HIGHLY PROFITABLE C.A.B. > https://CryptoAccountBuilders.com

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

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