61.8% Bitcoin Fib Projection Level

We use Fibonacci projection levels to estimate/gauge where the bitcoin trend price move will reach. There are 2 important Fibonacci projection levels: 61.8% Fibo Projection Level and 100% Fibonacci Projection Level - these Fibonacci projection levels are used for setting bitcoin taking profit orders.

61.8 Fibo Projection Level

61.8 Fibonacci Projection Level is the most often used bitcoin profit booking level when trading using the Fibo Projection Tool.

To draw Fib Projection areas on the bitcoin chart we wait til the bitcoin price retracement is complete and the bitcoin price starts to move in the original direction of the Bitcoin trend. Where the bitcoin crypto price retracement reaches and gets to is used as btcusd crypto chart point 3. Fibonacci Projection Bitcoin Tool is drawn using three chart points just as shown on the example illustrated below of how to draw the Fibonacci Projection Levels Bitcoin Tool.

The Fibonacci projection example illustrated below shows the 3 Crypto Chart Points where the Fibo projection bitcoin tool is drawn - highlighted as CryptoCurrency Point 1, Crypto point 2 and CryptoCurrency point 3.

Crypto Point 1 is where btcusd crypto trend started, Crypto Point 2 is where bitcoin price pulled back and retraced - CryptoCurrency Point 3 is where bitcoin price retracement reached as illustrated on the Fibonacci Projection Levels Bitcoin Tool example illustrated below.

The First Fibonacci Projection Level is the 61.8 Fibonacci Projection Level displayed on the Fibo Projection bitcoin tool example Below Used to Set Take Profit Bitcoin Orders

How Do I Read 61.8% Fibo Projection Level? - How Do I Read 61.8% Fibonacci Projection Level?

How Do I Read 61.8% Fibo Projection Level - How to Analyze and Analyze 61.8% Fibo Projection Level?

Please note where these Fibonacci Projection areas are drawn on the chart - Fibo Projection levels are drawn above the Fibonacci Projection bitcoin tool - these are the btcusd chart levels where a trader will set the bitcoin take-profits using these fib Projection Levels - 61.8% Fibonacci Projection Levels.

Interpret 61.8% Fibo Projection Level

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61.8% Bitcoin Fib Projection Level

61.8 Fibo Projection Level