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100.0% Bitcoin Fibo Extension Level

We use Fib extension levels to estimate/gauge where the bitcoin trend movement will get to. There are Two crucial Fibonacci extension levels: 61.8% Fibo Extension Level and 100.0% Fib Expansion Level, these bitcoin Fibonacci extension levels are used for setting bitcoin trading profit booking orders.

100.0 Fibonacci Expansion Level

100.0 Fibonacci Extension Level is not commonly used to set bitcoin profit booking orders when bitcoin trading using the Fibo Extension Indicator.

Most bitcoin traders will use the 61.8 % Fibonacci Extension area.

To draw Fibo Extension levels bitcoin indicator on the bitcoin chart we wait til the bitcoin price retracement is complete & the bitcoin price starts to move in the original direction of the trend. Where the bitcoin crypto price retracement reaches and gets to is used as bitcoin crypto chart point 3. Fibo Extension Indicator is plotted using three bitcoin chart points as is shown on the Fibonacci Extension indicator example shown below of how to draw the Fibonacci Expansion Levels Indicator.

The Fibonacci extension bitcoin indicator example shown below the 3 Crypto Chart Points where the Fibonacci extension bitcoin indicator is drawn - labeled and marked as Crypto Chart point 1, CryptoCurrency Chart point 2 & Crypto Chart point 3.

CryptoCurrency Point 1 is where btcusd crypto trend started, Crypto Point 2 is where bitcoin price pulled back and retraced & Crypto Point 3 is where bitcoin retracement reached just as shown on the Fibonacci Extension Areas Indicator example pictured below.

The First Fibo Extension Level is the 61.8 % Fibonacci Extension Level and the second is 100.0 Fibonacci Extension Level depicted on the Fibo Extension indicator Below - These Fibonacci Expansion Levels are Used by Bitcoin Traders to Set TP Bitcoin Orders

How Do I Read 100.0% Fibonacci Extension Level? - How to Read and Interpret 100.0% Fibo Extension Level

How Do I Read 100.0% Fib Expansion Level

Please note where these Fibonacci Extension areas are plotted on the bitcoin chart - Fib Expansion levels are drawn above the Fibonacci Expansion technical indicator, these are the bitcoin crypto chart levels where a btcusd trader will set the btcusd crypto takeprofits using these Fibonacci Expansion Levels - 100.0% Fib Expansion Level is the second Fib Level.

Interpret 100.0% Fibonacci Expansion Level

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