Fibonacci Retracement Levels 📈📉

An Explanation, 6 Tips, and a Summary

Educational Thread - Let's Dive In! 🔥

🧵 1/17 Fibonacci is a technical analysis (TA) tool used to pinpoint potential support and resistance levels on the chart

It operates on the premise that prices typically retrace a predictable percentage of their initial movement before resuming their original direction. 2/

I made a lot of mistakes while trading

And of course, I still make them, but less. It's a never ending learning curve📈

Here is a little thread with 10 (random) mistakes not to make 👇🧵

1/12 1. Not having a trading plan

Without a trading plan, it is very difficult to trade successfully. A trading plan should include your goals, risk tolerance, and strategies for both entry and exit

Don’t blindly start buying random shitcoins, even in current market conditions. Sure, sometimes it's time to blindly ape, don't get me wrong. But if you don't have a plan you'll lose your money in the end

2/

A fresh good old #Bitcoin thread 🧵

🟢Bitcoin cycles
🟢The Bull Market phase we’re in
🟢Supply shortage / HODL
🟢Wallets, accumulation & (fresh) demand
🟢Upcoming halving

TLDR; Bears, eat your heart out, LFG🔥

1/34 2/ Let’s start off with the HTF chart

The Bear Market bottom, which we all will remember for decades, was a year ago.

If we were to follow the classic Bull Market schedule, we’re at 1/3d timewise and have around 2 years of mostly upside left

My 2 cents: We do

Fibonacci retracement levels📈📉

An explanation, 6 tips and a sum up

Educational thread, let's go🔥

1/17 🧵 Fibonacci Retracement is a TA tool that can be used to identify possible support and resistance levels on a price chart.

Based on the idea that prices tend to retrace a predictable % of their original move, after which they continue in the original direction

2/

A good old $BTC thread, let’s go

🔵#Bitcoin cycles
🔵Capitulation
🔵A new phase
🔵HODL
🔵Momentum
🔵Wallets & demand
🔵Conclusion

TLDR; It’s only the start of a fresh Bull Market, imho

Let’s dive in 1/38 🧵 2/ First of all: in the end, all you read here is just my 2 cents. Please DYOR, NFA etc etc

Ok, let’s go

If you follow me for a while, you know that I think the Bear Market finished in Nov ‘22.

I think we did hit a bottom after the FTX drama

Fibonacci retracement levels📈📉

An explanation, 6 tips and a sum up

Educational thread, let's go🔥

🧵 1/17 Fibonacci is a TA tool that can be used to identify possible support and resistance levels on a price chart

Based on the idea that prices tend to retrace a predictable % of their original move, after which they continue in the original direction
2/