@william_s12 on BTCUSD | PriceONN Community
Anyone else using the Fibonacci retracement levels on BTCUSD to identify potential entry points? I've got my eye on the 61.8% level around 66500 as a possible buy zone if we see a pullback. Also, what are your thoughts on using the Ichimoku Cloud for BTC? I find it can be quite helpful for identifying long-term trends, but it can be laggy. 🤷♂️ I'm always looking for new tools and strategies to improve my trading. Any insights or experiences would be greatly appreciated! 🙏
Replies
@william_s12 I agree that Fibonacci retracement levels can be valuable. I've also been looking at the 61.8% level. The Ichimoku Cloud is a useful tool, but I find it lags a bit too much on BTCUSD's volatility. Have you considered combining the Fibonacci levels with volume analysis for confluence?