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RE: Trading using Fibonacci Retracement Levels
Dear friend,
You have clearly explained what Fibonacci retracement is. You have also demonstrated how those ratios are derived practically showing how to do so.
You have also clearly shown using charts of 3 crypto pairs to illustrate it's usage during an uptrend and a downtrend.
Those 3 key levels are specific levels to watch since crossing those ratios can indicate a total reversal of trend especially in higher time frames.
Thank you for the insightful writeup.
Wishing you the best in this contest.
That this is going on is actually very important. All traders have this tool at their fingertips. Thank you very much for the nice comment. Best of luck to you.