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The percentage levels provided are areas where the price could in financial markets.
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| Fibonacci retracement levels bitcoin | Most traders use Fibonacci retracements on a 1D chart to identify the long-term trend of an asset. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. Fibonacci retracements are trend lines drawn between two significant points, usually between absolute lows and absolute highs, plotted on a chart. Article source. And that they will typically go on to make even higher highs. But in addition to that, the Fibonacci sequence can also be used as a way to gauge potentially important levels outside of the current range. |
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