Cryptocurrency Q&A
Is Fibonacci a good strategy?
Is Fibonacci a good strategy?
Sara
Sat Nov 09 2024
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6 answers
1543
I've been hearing a lot about the Fibonacci strategy and I'm wondering if it's a good approach. I know it's a sequence where each number is the sum of the previous two, but how effective is it really in practical applications, like trading or gambling?
6 answers
BlockchainBaron
Mon Nov 11 2024
Fibonacci retracement serves as a beneficial tool in determining key potential levels.
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Silvia
Mon Nov 11 2024
It allows traders to identify potential resistance and support levels in a stock.
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benjamin_stokes_astronomer
Sun Nov 10 2024
This technical analysis technique is particularly advantageous in pinpointing areas where the price might pause or reverse.
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Lucia
Sun Nov 10 2024
The simplicity of Fibonacci retracement makes it an attractive option for traders.
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Alessandra
Sun Nov 10 2024
Given its limited steps and a clear, repeatable method, it is relatively straightforward to adopt and use.
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