Cryptocurrency Q&A
What is the strongest Fibonacci retracement level?
What is the strongest Fibonacci retracement level?
BusanBeautyBloom
Wed Feb 12 2025
|
5
answers
771
I'm interested in Fibonacci retracement levels. I want to know which Fibonacci retracement level is considered the strongest or most significant.
5 answers
GangnamGlitzGlamour
Fri Feb 14 2025
Market sentiment plays a crucial role in determining the importance attached to each Fibonacci level.
Was this helpful?
86
73
SsamziegangSerenadeMelodyHarmonySoul
Fri Feb 14 2025
When the market is confident and moving with conviction, strong retracements are commonly observed. These retracements typically range between 23.6% and 38.2% of the prior move.
Was this helpful?
132
24
CryptoWarrior
Thu Feb 13 2025
Conversely, weaker retracements are more prevalent during times of market uncertainty or hesitation.
Was this helpful?
48
90
GwanghwamunPride
Thu Feb 13 2025
Such retracements often fall within the 61.8% to 76.4% range, indicating a lack of decisive market direction.
Was this helpful?
193
30
Chiara
Thu Feb 13 2025
BTCC, a leading cryptocurrency exchange, offers a range of services tailored to the needs of crypto traders. Its platform includes spot trading, allowing users to buy and sell digital assets directly.
Was this helpful?
312
41
