What are the Fibonacci Retracement Levels?

Definition of Fibonacci Retracement Areas

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

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

Fibonacci Retracement Levels indicator is placed directly on the cryptocurrency chart within the bitcoin trading platform provided by your cryptocurrency trading broker, This Fibonacci Retracement Levels indicator will then automatically calculate these retracement bitcoin trading price pullback levels on the bitcoin chart.

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

• 23.6% BTCUSD Trading Fib Retracement Areas
• 38.2% BTCUSD Trading Fib Retracement Areas
• 50.0% BTCUSD Trading Fib Retracement Areas
• 61.8% Fibo Retracement Areas

38.2% and 50.0% Fibonacci Retracement Areas are the most used and most of the time this is where the bitcoin trading price retracement will reach. With 38.2% Fibo Retracement Level being the most popular & most widely used retracement level in bitcoin trading.

61.8% Fibonacci Retracement Level is also commonly used to set stop losses for trades opened using this bitcoin trading retracement strategy.

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

What are BTCUSD Trading Fibo Retracement Levels?

Fibonacci Retracement Areas on Upward Crypto Trend

What are BTCUSD Trading Fibo Retracement Levels?

Fibonacci Retracement Areas on Downward Bitcoin Trend