NEERAJDec 31, 2021 · 3 years ago2 answers Can Fibonacci retracement be used to predict future price levels in the cryptocurrency market?
Is it possible to use Fibonacci retracement, a popular technical analysis tool, to accurately predict future price levels in the volatile cryptocurrency market? Can this mathematical concept, based on the Fibonacci sequence, be applied to cryptocurrency trading with reliable results? How does Fibonacci retracement work in the context of the cryptocurrency market? Are there any limitations or factors to consider when using Fibonacci retracement for price predictions in the cryptocurrency market?