Fibonacci Retracement Time Zone
Fibonacci time zones are vertical lines that represent future time periods where the price could make a high, low, or reverse course. Fibonacci retracements instead indicate areas the price could pull back off of a high or low. Retracements are price-based and provide support or resistance areas based on Fibonacci numbers.
The difference between Fibonacci retracements time zone and Fibonacci retracements is that Fibonacci predicts the price, but Fibonacci time predicts the return time.
When you draw two points with Fibonacci retracements, you can simultaneously consider the same two points for Fibonacci retracements time so that you can predict the same price at the same time.
The important levels of Fibonacci retracements time zone on which you can open a special account are levels 1 and 1.618. Also, most of the time, the price returns or starts to correct between the level of 0.618 and 1, so the price of BTC remains above.
If it predicts a valley at the 0.618 level and predicts a ceiling on the next 1 move, it is very likely that another floor and ceiling will occur at the following levels.
Everyone uses this indicator based on the strategy that has already been trained, I just explained an example of it to you.
Source 1 - 2 : The default settings are on the highest price (High) and the lowest price (Low) of the wave, but many times the price fluctuates, just like the picture, I have set Source 2 to close to Do not consider the lowest price, to get more accurate levels.
Deviation : By increasing the value of this option, you can consider longer waves, and as the number approaches zero, shorter waves are considered.
Depth : You determine for the indicator after how many candles to consider the wave, and by lowering this value, the indicator will consider the wave earlier.
Fib retracement zone : By turning off this option, you turn off the indicator option.
Fib retracement zone level back : Sometimes you want to consider earlier waves, if you set it to 1, it will consider an earlier wave, and the higher the number, the earlier waves will be considered. take
Levels : By turning off this option, you hide the Fibonacci numbers.
ZigZag : By checking this option, you can use the zigzag indicator at the same time.
ZigZag colors : You can increase the thickness of the zigzag line by increasing the number, this also applies to Fibonacci lines.
Soild : You can customize the color of zigzag lines, this also applies to Fibonacci lines.
width Line : By default, the ziggurag is drawn as a line, you can consider it a dotted line or a line and dots, this also applies to Fibonacci lines.
The difference between Fibonacci retracements time zone and Fibonacci retracements is that Fibonacci predicts the price, but Fibonacci time predicts the return time.
When you draw two points with Fibonacci retracements, you can simultaneously consider the same two points for Fibonacci retracements time so that you can predict the same price at the same time.
The important levels of Fibonacci retracements time zone on which you can open a special account are levels 1 and 1.618. Also, most of the time, the price returns or starts to correct between the level of 0.618 and 1, so the price of BTC remains above.
If it predicts a valley at the 0.618 level and predicts a ceiling on the next 1 move, it is very likely that another floor and ceiling will occur at the following levels.
Everyone uses this indicator based on the strategy that has already been trained, I just explained an example of it to you.
Source 1 - 2 : The default settings are on the highest price (High) and the lowest price (Low) of the wave, but many times the price fluctuates, just like the picture, I have set Source 2 to close to Do not consider the lowest price, to get more accurate levels.
Deviation : By increasing the value of this option, you can consider longer waves, and as the number approaches zero, shorter waves are considered.
Depth : You determine for the indicator after how many candles to consider the wave, and by lowering this value, the indicator will consider the wave earlier.
Fib retracement zone : By turning off this option, you turn off the indicator option.
Fib retracement zone level back : Sometimes you want to consider earlier waves, if you set it to 1, it will consider an earlier wave, and the higher the number, the earlier waves will be considered. take
Levels : By turning off this option, you hide the Fibonacci numbers.
ZigZag : By checking this option, you can use the zigzag indicator at the same time.
ZigZag colors : You can increase the thickness of the zigzag line by increasing the number, this also applies to Fibonacci lines.
Soild : You can customize the color of zigzag lines, this also applies to Fibonacci lines.
width Line : By default, the ziggurag is drawn as a line, you can consider it a dotted line or a line and dots, this also applies to Fibonacci lines.