tarui
Long

Double fibonacci

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
103 3 0
hourly chart fulfills the 1hr's fibonacci retracement drawn in 2 directions.

the first retracement, drawn over a longer time frame, retested the 38.2% level twice. good profits to those who bought at this level and 50%

Spekulatius
3 years ago
Your fibs are drawn upside down ;b
Always start at the point that came chronologically first. You can also remember by reading it: "If it goes back to 1 that would be a 100% retracement, or if it goes back to 0.618, that equals a 61,8% pullback.".
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tarui Spekulatius
3 years ago
nope.
Reply
tarui
3 years ago
nope.
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