Fibonacci indicators

[ethereumhunter]

i am not always using fibonacci indicators but sometimes i used it just to take a look what fibo said with the price. i think fibo can not apply in trading with correctly because fibo actually is not for crypto currency and the market is always changing. i always check for 5 minutes, 10 minutes, 30 minutes, 1 hour to see my chance in buying or selling and using macd is help too.maybe we an using fibo just to compare with the other so we can have more clue in trading.

[PAKYU]

Fibonacci indicators are working for forex pairs and stock markets but it is not working for crypto market for me. I don't use it.

[wayaneka]

For altcoin trading I think Fibonacci is more effective than other technical indicators but it depends on the time frame and the volume of the market. When we use fibonaci will be more effective on daily time frames and big market volumes. To be more accurate in technical analysis for the better make combination with other indicators such as RSI.

[--DarkSecrets--]

Are you using Fibonacci indicator for charting. Is it effective?

I don't based on other replies that it is not helpful but in myself my trading i do also consider it as one of the trading analysis. I agree on them if they say no because i know every people has a same stratedgy use.

[Astrilian]

I find fibonacci numers fascinating but don't know anyone who would use them for investing...still curious how you would use them...

[Idrisu]

Are you using Fibonacci indicator for charting. Is it effective?

Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules.

[tenakha]

I find fibonacci numers fascinating but don't know anyone who would use them for investing...still curious how you would use them...

There is no effective method of trading with indicators.But indicators which especially supported with math combinations can help you to detect current market trend.For example,high level line on macd indicator shows uptrend and prices maked upside movement from latest range.

[Astrilian]

Are you using Fibonacci indicator for charting. Is it effective?

Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules.

As intriguing as it sounds, how do you get to the conclusion that fibonacci can get get your accuracy to 80%?

[Astrilian]

Are you using Fibonacci indicator for charting. Is it effective?

Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules.

As intriguing as it sounds, how do you get to the conclusion that fibonacci can get get your accuracy to 80%?

[gabbie2010]

In forex trading Fibonacci indicator is a very effective tool when formed at s/r levels which reinforce price reversal especially on daily timeframe mostly at level 50% or 61.8% and also to be considered is the type of candlesticks formed at those level e.g pin bar, bullish or bearish engulfing bar, morning or evening star e.t.c.
As far as trading bitcoin is consigned there is no difference if trading with Fibonacci indicator and if Japanese candlesticks is to be considered and based on at least daily timeframe it going to work fine.

[Mahanton]

what i have noticed is traders in crypto usually do not respect the fibonacci levels if it bounce back on a certain level I think it is just a coincidence. I'm just new in crypto currency trading about 4 months now but i have been trading stocks and forex for a while . In stocks and forex usually the fibonacci levels are respected but in crypto I usually just use Support and resistance and sometimes support and resistance also don't work. Each platform has a different strategy to trade.

Thats the different between crypto trading and forex/stocks trading which fibonnaci levels are crucial indications on forex/stocks while on this cryptocurrency world it doesnt really work anytime and this is why i do make use only on seeing support and resistance level by making use of trend lines and i dont usually minding on using fibonnaci indicators on here.

[anga3636]

i think is not effective if we are only use fibonacci indicators because in the crypto currency world we should use another indicators like how order buy and order sell for the coins, we need to analyze macd, and other. its good if we can use 2-4 indicators to analyze the coins so we can predicting or we can directly place the orders.

Fibonacci pointers are not the most proposed markers in the business. They are interesting in their working and comes about and can be exceptionally confounding, which can miss lead an apprentice. The speak to the focuses where the stock will either avoid off or break the through in the long run. Be that as it may, utilizing Fibonacci pointers with different markers they consolidated can turn into a capable single device in the exchanging business. So to utilize these Fibonacci markers isn't an awful thought on the off chance that you actualize is precisely and wisely.

[Janush1]

I'm using but not on all tokens they works

[dunfida]

i think is not effective if we are only use fibonacci indicators because in the crypto currency world we should use another indicators like how order buy and order sell for the coins, we need to analyze macd, and other. its good if we can use 2-4 indicators to analyze the coins so we can predicting or we can directly place the orders.

Fibonacci pointers are not the most proposed markers in the business. They are interesting in their working and comes about and can be exceptionally confounding, which can miss lead an apprentice. The speak to the focuses where the stock will either avoid off or break the through in the long run. Be that as it may, utilizing Fibonacci pointers with different markers they consolidated can turn into a capable single device in the exchanging business. So to utilize these Fibonacci markers isn't an awful thought on the off chance that you actualize is precisely and wisely.

In STOCKS trading then yes,it would really be needed but seeing on the market of stocks volatility is very low which we can really apply Fibonacci but for this very volatile cryptocurrency market then these indicators wont really work out for sure just like been said above by some members it sometimes work but most of the time its not which means relying on those tools wont really be suggested or use it for your own risk.I can say such thing because I do trade on both fields and you can really tell the difference when you do make use on those indicators.