Good day dear friend...you have done what seems like justice to this topic in your own way. It was nice going through your publication. I appreciate your efforts and time put together to give this post today...

The Fibonacci retracements is quite one of the best tools in the market of traders that has helped us to to mark entry and exit points in the market mostly. Like you rightly stated, it is a tools that actually helps us to make good decisions and marketing in finance. But qe should always remember that we are bound to make good analysis and have good results as well, when we use the Fibonacci retracements alongside other indicators when needed....
The different levels of the FB retracements are rooted to the mathematical series of FB sequence...

You did well with the presentation of correct images on how the Fibonacci retracements works on a cryptocurrency pair and the STEEM/USDT chart as well. It was clear....

Of course with advantages, we will eventually have disadvantages too. The Fibonacci retracements is not left out... It would have been nice if you had clearly marked out differently, the advantages and the disadvantages.. anyways, it was Great reading...

Thanks for sharing and good luck with the challenge....