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Questions tagged [fibonacci numbers]

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Carlo Carlo Fri Aug 30 2024 | 7 answers 1862

How are Fibonacci numbers used in crypto trading?

Could you please elaborate on how Fibonacci numbers are utilized in the realm of cryptocurrency trading? What specific strategies or indicators do traders employ that incorporate these mathematical sequences, and how do they aid in predicting market movements or identifying potential trading opportunities? Is there a particular way to interpret Fibonacci retracements or extensions within the context of crypto trading?

How are Fibonacci numbers used in crypto trading?

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