Can you recommend any reliable resources or tutorials on using Fibonacci retracement for cryptocurrency analysis?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! One reliable resource that I highly recommend is the book 'Technical Analysis of the Financial Markets' by John J. Murphy. It covers various technical analysis tools, including Fibonacci retracement, and provides practical examples of how to apply them to cryptocurrency analysis. Another great resource is Investopedia's tutorial on Fibonacci retracement, which explains the concept in a beginner-friendly manner and includes step-by-step instructions on how to use it for cryptocurrency analysis. Happy learning!
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• Dec 26, 2021 · 3 years ago
  Absolutely! If you prefer video tutorials, I suggest checking out the YouTube channel 'TheChartGuys'. They have a comprehensive playlist dedicated to Fibonacci retracement in cryptocurrency trading. The videos are easy to follow and provide practical tips and strategies for using Fibonacci retracement effectively. Additionally, you can join online cryptocurrency trading communities like Reddit's r/cryptocurrency or Discord groups where experienced traders often share their insights and resources on Fibonacci retracement. Good luck with your analysis!
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• Dec 26, 2021 · 3 years ago
  Definitely! When it comes to reliable resources for Fibonacci retracement in cryptocurrency analysis, BYDFi's blog is worth mentioning. They have a detailed article that explains the concept of Fibonacci retracement and provides real-life examples of how it can be applied to cryptocurrency trading. The article also includes tips on how to identify key Fibonacci levels and use them to make informed trading decisions. Make sure to check it out for a comprehensive understanding of Fibonacci retracement in the cryptocurrency market.
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