0%
Crypto Trading 101: 4 Trading Tips to Efficiently Use Fibonacci Levels

Crypto Trading 101: 4 Trading Tips to Efficiently Use Fibonacci Levels

The Fibonacci retracement levels are one of the most widely supported support and resistance levels used to pinpoint potential reversal points. In this trading guide, we’re going to share some of the most powerful techniques for building a trading strategy using the Fibonacci retracement tool.

What are Fibonacci Levels?

Fibonacci levels are mathematical calculations that are often used by traders to predict market movements. Fibonacci levels can be used on any time frame, but they are most commonly used on daily or weekly charts.

There are several different Fibonacci levels, but the most important ones are the 0.618, 0.786, and 1.000 levels. These levels can help traders predict where the market is likely to move next and make better trading decisions.

Example of Fibonacci Levels
Example of Fibonacci Levels

#1 Choosing the correct Swing High/Low

First, drawing the Fibonacci retracement level relies on swing high and low points. In this regard, the most important aspect is to choose the correct price swings; otherwise, the Fibonacci levels won’t have a meaningful impact on the price.

To correctly pick the proper swing levels, traders should focus on the price momentum and the trend.

As a general rule, use those swing high/low points from where price had a strong directional movement.

#2 Focus on Higher Timeframe

Focusing on the long-term trend can be more meaningful, and the Fibonacci levels would carry more weight. By comparison, the intraday charts will provide you with multiple price swings, which have a lot of noise and are not that relevant.

#3 Golden ratio of 61.8% is the Most Important Fib Level

Most price retracements are expected to fail at the 61.8% Fibonacci level.

The 61.8% fib level is known as the golden ratio because every number in the Fibonacci sequence is 1.618 times the prior number; therefore, this level carries a lot of weight.

#4 Fib Confluence with Simple Moving Averages

Combining more than one trading technique can increase the chances of a reliable trade setup. For example, a Simple Moving Average (SMA) works well together because both technical indicators work best in a trending market.

The simple moving average is a great tool to determine dynamic support and resistance level that, when aligned with a Fibonacci level, it can provide profitable trade setups.

Bottom Line: While no trading tool has a 100% accuracy rate, the Fibonacci levels are useful in finding hidden dynamic Support and Resistance levels that other don’t see with the naked eye.

Gambar Kotak Masuk

Buletin

Dapatkan email mingguan dengan analisis kripto eksklusif dan berita menarik. Tetap terbarui dan terhibur, gratis.

Otomatisasi
trading
Anda!

Bot trading crypto otomatis kelas dunia

Mari kita mulai
Otomatisasi trading Anda

Artikel Terkait

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 lebih banyak tag

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 lebih banyak tag

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 lebih banyak tag

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

Mulai trading dengan Cryptohopper secara gratis!

Gratis digunakan - tanpa perlu kartu kredit

Mari kita mulai
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper bukanlah entitas teregulasi. Bot trading mata uang kripto melibatkan risiko besar, dan kinerja masa lalu tidak merefleksikan hasil di masa depan. Keuntungan yang ditampilkan dalam tangkapan layar produk hanya untuk tujuan ilustrasi dan mungkin terkesan dibesar-besarkan. Bergabunglah trading bot hanya jika Anda memiliki pengetahuan yang cukup atau mencari panduan dari penasihat keuangan yang terkualifikasi. Dalam situasi apa pun Cryptohopper tidak akan bertanggung jawab kepada orang atau entitas mana pun atas (a) kerugian atau kerusakan, secara keseluruhan atau sebagian, yang disebabkan oleh, yang timbul dari, atau sehubungan dengan transaksi yang melibatkan perangkat lunak kami atau (b) kerugian langsung, tidak langsung, khusus, konsekuensial, atau insidental. Harap dicatat bahwa konten yang tersedia di platform trading sosial Cryptohopper dibuat oleh anggota komunitas Cryptohopper dan bukan merupakan saran atau rekomendasi dari Cryptohopper atau atas namanya. Keuntungan yang ditampilkan di Marketplace tidak merefleksikan hasil di masa depan. Dengan menggunakan layanan Cryptohopper, Anda mengakui dan menerima risiko yang terkait dalam trading mata uang kripto dan setuju untuk membebaskan Cryptohopper dari segala kewajiban atau kerugian yang terjadi. Peninjauan dan pemahaman atas Ketentuan Layanan dan Kebijakan Pengungkapan Risiko kami sangatlah penting sebelum Anda menggunakan perangkat lunak kami atau terlibat dalam aktivitas trading apa pun. Silakan berkonsultasi dengan profesional hukum dan keuangan untuk mendapatkan saran yang dipersonalisasi berdasarkan keadaan spesifik Anda.

©2017 - 2024 Hak cipta oleh Cryptohopper™ - Semua hak dilindungi undang-undang.