Another important number usually used in Fibonacci retracement is 0.50, or 50%. It is not derived from the Fibonacci numbers, but it has been seen as an important point for likely reversal based on other theories. Everyone is still waiting for a big move out of Bitcoin, but every time Bitcoin gets boring over the […]
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This was a tough entry because at turning points, price is rarely moving in a great fashion. You may want to look for one that is not in a consolidation unless it already lines up with a 61.8 or 38.2 Fib level. You can see that the Fibonacci levels we are using are not actual […]