The altcoin market will pump again.
Until then you need to prepare. I'll show you my favorite tool for trading altcoins.
Fibonacci Trading Masterclass
(Full Guide)
Until then you need to prepare. I'll show you my favorite tool for trading altcoins.
Fibonacci Trading Masterclass
(Full Guide)
Before I begin,
I spent a lot of time writing this thread and I will make many more to help you.
If you have a spare second, please bookmark it, retweet, leave a comment, or simply hit like.
I spent a lot of time writing this thread and I will make many more to help you.
If you have a spare second, please bookmark it, retweet, leave a comment, or simply hit like.
Fibonacci is one of my favorite tools and I have built entire trading systems around it.
They are horizontal lines, each level is a % retracement of a move
23.6% 38.2% 61.8% 78.6% (I also use 50%)
They are horizontal lines, each level is a % retracement of a move
23.6% 38.2% 61.8% 78.6% (I also use 50%)
People worry about to draw thier Fibonaccis from, but it doesn't matter as long as youβre consistent.
- You can use wicks or bodies as your anchor
- You can use it for smaller trends or larger
- You can use wicks or bodies as your anchor
- You can use it for smaller trends or larger
There are three key ways I use Fibonacci levels.
-To analyse the strength of a move in the market.
-To find high probability support and resistance.
-Anchor in ranging conditions.
-To analyse the strength of a move in the market.
-To find high probability support and resistance.
-Anchor in ranging conditions.
To analyse the strength of a move in the market.
The further price retraces in a move, the less powerful that move is. This works in uptrends and downtrends.
The further price retraces in a move, the less powerful that move is. This works in uptrends and downtrends.
To find high probability support and resistance.
- In stronger trends 0.236 and 0.382 are more likely to hold
- In weaker trends 0.618 and 0.786 are more likely to hold
- When a fib is confluent with your own support and resistance levels it is MOST likely to hold.
- In stronger trends 0.236 and 0.382 are more likely to hold
- In weaker trends 0.618 and 0.786 are more likely to hold
- When a fib is confluent with your own support and resistance levels it is MOST likely to hold.
Anchor in ranging conditions.
The 0.5 (technically not fib) is the most important level here but still really useful.
The fib levels help anchor key trading points in the range.
The 0.5 (technically not fib) is the most important level here but still really useful.
The fib levels help anchor key trading points in the range.
If you liked this and want to learn more.
Here's a more detailed course that most people would charge $1000 for.
You can have it for free: t.me
Here's a more detailed course that most people would charge $1000 for.
You can have it for free: t.me
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