Hello everyone,
I'm new to the cryptocurrency world and I'm trying to learn about the various types of analysis techniques available. I recently came across a concept called Fibonacci Retracements and I'm curious to learn more about it.
I understand that Fibonacci Retracements are used to predict the support and resistance levels for a given asset, but I'm not sure how to use this tool to identify potential trading opportunities. Can anyone help me understand how to use Fibonacci Retracements in price analysis?
Any advice or resources to help me learn more about this technique would be greatly appreciated.
I'm new to the cryptocurrency world and I'm trying to learn about the various types of analysis techniques available. I recently came across a concept called Fibonacci Retracements and I'm curious to learn more about it.
I understand that Fibonacci Retracements are used to predict the support and resistance levels for a given asset, but I'm not sure how to use this tool to identify potential trading opportunities. Can anyone help me understand how to use Fibonacci Retracements in price analysis?
Any advice or resources to help me learn more about this technique would be greatly appreciated.
