How to draw Fibonacci Levels by cryptocurrency1

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fibonacci · @cryptocurrency1 · Aug 14 '16

$0.03

How to draw Fibonacci Levels

# If price is in a downtrend, draw from lowest price point to highest price point.
https://www.steemimg.com/images/2016/08/13/downtrend475881.png

# If price is in an uptrend, draw from highest price point to lowest price point.
https://www.steemimg.com/images/2016/08/13/uptrend24cfbc.png

#technical #analysis #fibonacci #retracement

👍 java1959, will-zewe, jerome-colley, cryptocurrency1, rxhector, llawen

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@rxhector · Aug 14 '16

and what comes next - is the midpoint of the line where next (might) occur ?

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@cryptocurrency1 · Aug 14 '16

What are you asking? Can you reword your sentence so that I will understand?

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@cryptocurrency1 · Aug 14 '16

The mid line only represent the 50% fibonacci level.

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@rxhector · Aug 14 '16

i dont know anything about trading analytics - what is the purpose of a fibonacci line ?

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