61.8% Bitcoin Fibo Projection Level

We use Fibonacci projection levels to estimate where the bitcoin trend price move will reach. There are two important Fibonacci projection levels: 61.8% Fib Projection Level and 100% Fib Projection Level - these fibonacci projection levels are used for setting bitcoin taking profit orders.

61.8 Fib Projection Level

61.8 Fibo Projection Level is the most commonly used bitcoin profit booking level when trading using the Fibo Projection Tool.

To draw Fibo Projection areas on the btcusd chart we wait til the bitcoin price retracement is complete and the bitcoin price starts to move in the original direction of the Bitcoin trend. Where the bitcoin crypto price retracement reaches is used as btcusd crypto chart point 3. Fib Projection Bitcoin Tool is drawn using three chart points as shown on the example illustrated below of how to draw the Fibo Projection Levels Bitcoin Tool.

The Fibonacci projection example illustrated below shows the 3 Cryptocurrency Chart Points where the Fibo projection bitcoin tool is drawn - highlighted as Cryptocurrency Point 1, Cryptocurrency point 2 and Cryptocurrency point 3.

Cryptocurrency Point 1 is where btcusd crypto trend started, Crypto Point 2 is where bitcoin price pulled back & retraced - Cryptocurrency Point 3 is where bitcoin price retracement reached as illustrated on the Fibo Projection Levels Bitcoin Tool example illustrated below.

The First Fibo Projection Level is the 61.8 Fibo Projection Level displayed on the Fibo Projection bitcoin tool example Below Used to Set Take Profit Bitcoin Orders

How Do I Read 61.8% Fib Projection Level? - How Do I Read 61.8% Fib Projection Level?

How Do I Read 61.8% Fib Projection Level - How to Analyze 61.8% Fib Projection Level?

Please note where these Fibo Projection areas are drawn on the chart - Fibo Projection levels are drawn above the Fibo Projection bitcoin tool - these are the btcusd chart levels where a trader will set the bitcoin take-profits using these fib Projection Levels - 61.8% Fibonacci Projection Levels.

Interpret 61.8% Fib Projection Level

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61.8% Bitcoin Fibo Projection Level

61.8 Fib Projection Level