As you can see in the image, Bitcoin
and Fib retracements are a very powerful combination. I personally only use 61.80% & 78.60% because this particular market is very volatile and prices tend to go down or up very fast. Always wait for 4H or Daily Closure and a good candlestick
pattern like doji
, tweezers tops, hammer
. Remember that the most powerful Fibonacci plays perfectly when you are with the trend. As you can see in my related ideas, i use Fibonacci for confirmation and for correlation with my key levels.
Feel free to leave a comment below and if you like the content i am posting give this article a like and follow me for more premium knowledge.