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

When you think of popular cryptocurrency trading tools, the Fibonacci retracement level tool is right there at the top of the list. Helping traders reveal key levels to place buy and sell orders is a very simple way to explain the purpose of this highly effective tool and doesn’t entirely do it justice.

For those traders who properly know how to utilize its formidable ability to spot these crucial levels of support and resistance, it can and will make you into another trading success story.

Also Read: Best Crypto Trading Bots

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

Leonardo Bonacci, nicknamed Fibonacci, was an Italian mathematician born into a humble family of traders back in 1170. Amongst being a brilliant mathematician, Leonardo was an avid traveler.

Through his travels, he discovered a Hindu-Arabic numerical system and quickly figured out its advantages over…