Cryptocurrency Q&A
What is the 61.8 Fibonacci strategy?
What is the 61.8 Fibonacci strategy?
AltcoinExplorer
Thu Feb 13 2025
|
5
answers
1258
I heard about the 61.8 Fibonacci strategy in trading and investment, but I'm not sure what it exactly is. Could someone explain the concept and how it works in trading or investing?
5 answers
Giuseppe
Sat Feb 15 2025
These levels, specifically 23.6%, 38.2%, 50%, and 61.8%, act as indicators of potential price retracement points.
Was this helpful?
156
93
HanRiverVision
Sat Feb 15 2025
These retracement levels signal areas where the price might temporarily reverse before continuing its original trend.
Was this helpful?
389
75
BlockchainVisionary
Sat Feb 15 2025
It is crucial to monitor price actions around these Fibonacci levels.
Was this helpful?
238
51
CherryBlossom
Sat Feb 15 2025
Plot Fibonacci levels from the inception to the conclusion of a particular price movement.
Was this helpful?
108
62
CryptoLegend
Sat Feb 15 2025
For instance, if the price reverses at the 61.8% level, it could represent a strong opportunity to enter a position in an upward trend.
Was this helpful?
367
92
