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RE: Trading Using Fibonacci Retracement Levels

Hello dear, greetings to you. I hope you are enjoying the sweet moments of your life.

You said in all financial markets Fibonacci works. The same it works for Bitcoin and other Cryptocurrencies too. Yes that's very true. In Crypto market alot of traders are using the Fibonacci retracement to predict key levels of support and resistance. You have mentioned all the best levels of Fibonacci. I think the most important of them are 0.38, 0.5 and 0.61. Most of the time the price respect these levels.

When Fibonacci retracement levels coincide with RSI divergence or Moving Average support, they strengthen the likelihood of potential reversal zones or trend continuation areas. That's perfect too. I use Fibonacci with other trading tools. It's the best thing which gives more accuracy to your trade.

You have given a beautiful analysis of ETH, BTC and STEEM. All the levels of Fibonacci retracement are very well explained through the screenshots.

Wish you best of luck in the contest, keep blessing.

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I'm glad you appreciated the analysis of ETH, BTC, and STEEM using Fibonacci retracement levels.
Best of luck to you as well!

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