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Fib BTCUSD Crypto Exercises

These exercises will give more examples on retracement & expansion. first exercise is to figure out the direction of the Bitcoin trend & then determine if Fibo indicator used is Fib retracement or expansion & then figure how it is drawn then practice drawing them on a bitcoin chart.

Tasks:

  1. Determine the direction of the Bitcoin trend
  2. Determine if Fibonacci is retracement or extension
  3. Figure out how it's drawn
  4. Practice plotting retracement or expansion on a bitcoin chart.

To find a chart just Download MT4 platform from any one of the many crypto brokers.

After you've downloaded MT4, Navigate to the menu 'insert' at top left corner, on the dropdown menu, click Fibo & choose either the option of Fibonacci retracement or expansion. Then plot it as expounded in the previous courses of Expansion and retracement. Then do the following exercises:

Retracements and Extensions levels Exercise

Exercises 1:

Fibonacci retracement on crypto Chart - Fib Expansion and Fibonacci Retracement Exercise

Exercises 2:

Fib Extension Levels and Fibonacci Retracement Exercise

Exercises 3:

Fibonacci retracement on crypto downward bitcoin trend - Fib Expansion and Fibonacci Retracement Exercise

Exercises 4:

Fibonacci retracement Trading - Fib Extension Levels and Fibonacci Retracement Levels Exercise

Exercises 5:

Fibonacci expansion on crypto Chart - Fib Expansions and Fibonacci Retracements Exercise

Hint: point 1 to point 2 follows the bitcoin trend direction

Hint: Fibo Retracement has points 1 and 2

Hint: Fib Expansion has point 1, 2 & 3

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