100.0% Bitcoin Fibo Extension Level

We use Fibonacci extension levels to estimate where the bitcoin crypto currency trend movement will get to. There are Two crucial Fibonacci extension levels: 61.8% Fib Extension Level and 100.0% Fib Expansion Level, these bitcoin fibonacci extension levels are used for setting bitcoin trading profit taking orders.

100.0 Fib Expansion Level

100.0 Fib Extension Level is not commonly used to set bitcoin profit booking orders when bitcoin trading using the Fibo Extension Indicator.

Most bitcoin traders will use the 61.8 % Fib Extension area.

To draw Fibo Extension levels bitcoin indicator on the btcusd chart we wait til the bitcoin price retracement is complete & the bitcoin price starts to move in the original direction of the trend. Where the bitcoin crypto currency price retracement reaches is used as bitcoin crypto chart point 3. Fib Extension Technical Indicator is plotted using three bitcoin chart points as shown on the Fibo Extension indicator example illustrated below of how to draw the Fibo Expansion Levels Indicator.

The Fibonacci extension bitcoin indicator example shown below the 3 Cryptocurrency Chart Points where the Fibo extension bitcoin indicator is drawn - marked as Cryptocurrency Chart point 1, Cryptocurrency Chart point 2 & Cryptocurrency Chart 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 retracement reached as illustrated on the Fibo Extension Areas Technical Indicator example pictured below.

The First Fibo Extension Level is the 61.8 % Fib Extension Level and the second is 100.0 Fib Extension Level depicted on the Fibo Extension indicator Below - These Fibo Expansion Levels are Used by Bitcoin Traders to Set TP Bitcoin Orders

How Do I Read 100.0% Fib Extension Level? - How to Read 100.0% Fib Extension Level

How Do I Read 100.0% Fib Expansion Level

Please note where these Fibo Extension areas are plotted on the btcusd chart - Fib Expansion levels are drawn above the Fibo Expansion technical indicator, these are the bitcoin crypto chart levels where a btcusd trader will set the btcusd crypto takeprofits using these Fib Expansion Levels - 100.0% Fibonacci Expansion Level is the second Fib Level.

Interpret 100.0% Fib Expansion Level

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100.0% Bitcoin Fibo Extension Level

100.0 Fib Expansion Level