@michaeljohnson89 on BTCUSD | PriceONN Community

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michaeljohnson89 PRO newbie
BTCUSD Apr 23
Yo, anyone else using the Fibonacci retracement tool? I see the levels but I'm not sure how to best interpret them for entry/exit points on BTCUSD. Like, when it bounces off a certain fib level, is that a confirmed reversal or just a pause?
BTCUSD

Replies (1)

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michaeljohnson89 PRO newbie Apr 23
And how do you guys confirm the fib bounce? Do you wait for a specific candle pattern or just assume it's good because it hit the 0.618 or something?
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