5 Actionable Steps to Get a 60% Better Price on Your Next Crypto Investment

In 2015, 2018, and 2020, $BTC dropped to a very specific level each time.

You can find out what this level is through something called Fibonacci retracements.

What Are Fibonacci Retracements?

They are special levels on a price chart that help predict where Bitcoin's price might go next. They act as potential spots where the price might stop and change direction.

How to Use Fibonacci in Crypto Trading:

- Find the Highs and Lows: Look for the highest and lowest prices of Bitcoin on a chart.

- Draw the Fibonacci Lines: On TradingView, use a tool to draw lines from the lowest price to the highest.

- Key Levels to Watch: Focus on 0.382 and 0.618 levels. These numbers can give clues about where the price might go.

Why Fibonacci Works:

Many traders watch these levels and make decisions based on them, which can influence how the prices move.

Extra Tips:

- Look out for "Golden Pockets." These are very important levels for decisions about buying or selling.

- Find new altcoins, especially those with low market caps on big exchanges.

Simple Steps to Follow:

- Pick a Crypto: Choose one based on trends or solid basics.

Use Bigger Charts: Look at daily or 3-day charts on TradingView for a clear view of longterm trend.
- Use a 4h to 12h timeframe for shorter term trends.

- Use the Fibonacci Tool: Identify the high and low points, and apply Fibonacci retracements to see important levels.

- Set Alerts: Use TradingView to get notified when the price hits these Fibonacci levels.

Start buying into the crypto when it hits these levels, spreading out your purchases.

So, Fibonacci retracements are just a way to guess where Bitcoin's price might go by looking at past patterns.

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