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What are the Fibonacci Retracement Levels?

Definition of Fibo Retracement Areas

Fib Retracement Levels technical indicator is a bitcoin tool used by many cryptocurrency traders to spot bitcoin price retracements also known as bitcoin price pullback.

Fib Retracement Levels is a type of line study used in bitcoin trading to predict and calculate these bitcoin price retracement areas.

Fib Retracement Levels indicator is placed directly on the cryptocurrency chart within the bitcoin platform provided by your cryptocurrency broker, This Fibo Retracement Levels indicator will then mechanically calculate these retracement bitcoin price pull-back levels on the bitcoin chart.

What are the Fibonacci Retracement Levels? - What is Fibo Retracement?

  • 23.6 % BTCUSD Fibo Retracement Areas
  • 38.2% BTCUSD Fibonacci Retracement Areas
  • 50.0 % BTCUSD Fibo Retracement Areas
  • 61.8% Fibonacci Retracement Areas

38.2% and 50.0% Fibonacci Retracement Areas are the most used and most times this is where the bitcoin price retracement will get to and reach. With 38.2% Fibonacci Retracement Level being the most liked & most widely used retracement level in bitcoin trading.

61.8% Fibo Retracement Level is also commonly used to set stop losses for the trades opened using this btcusd retracement strategy.

This Fibonacci Retracement Levels tool is drawn in direction of the bitcoin trend like shown in the two examples below.

What are BTCUSD Fibo Retracement Levels?

Fib Retracement Areas on Upward Bitcoin Trend

Fib Retracement Areas on Upwards Trend

What are BTCUSD Fibonacci Retracement Levels?

Fib Retracement Areas on Upward Bitcoin Trend - What are Fibo Retracement Levels?

Fib Retracement Areas on Downward Bitcoin Trend

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