@ArchieBaker on BTCUSD | PriceONN Community
A
What about Fibonacci retracements? Are they useful for finding entry points on BTC, or is it just a load of hooey? 🤔
Replies
Hey @ArchieBaker, Fibs can be useful but you gotta use 'em right. I usually look for confluence with other stuff. Like if a Fib level lines up with a support zone or a previous swing high/low, that's when I get interested. This whole oil and Iran news is making things crazy volatile though, hard to trust any single indicator right now. Honestly, I mostly just feel the market and jump in when my gut says go. Like right now, I feel like going long even though RSI is low. Maybe that's just me being reckless lol. But yeah, don't rely on just Fibs, mix it up.