i think is not effective if we are only use fibonacci indicators because in the crypto currency world we should use another indicators like how order buy and order sell for the coins, we need to analyze macd, and other. its good if we can use 2-4 indicators to analyze the coins so we can predicting or we can directly place the orders.
Fibonacci pointers are not the most proposed markers in the business. They are interesting in their working and comes about and can be exceptionally confounding, which can miss lead an apprentice. The speak to the focuses where the stock will either avoid off or break the through in the long run. Be that as it may, utilizing Fibonacci pointers with different markers they consolidated can turn into a capable single device in the exchanging business. So to utilize these Fibonacci markers isn't an awful thought on the off chance that you actualize is precisely and wisely. 
Topic: Fibonacci indicators (Read 1071 times)
I'm using but not on all tokens they works
i think is not effective if we are only use fibonacci indicators because in the crypto currency world we should use another indicators like how order buy and order sell for the coins, we need to analyze macd, and other. its good if we can use 2-4 indicators to analyze the coins so we can predicting or we can directly place the orders.
Fibonacci pointers are not the most proposed markers in the business. They are interesting in their working and comes about and can be exceptionally confounding, which can miss lead an apprentice. The speak to the focuses where the stock will either avoid off or break the through in the long run. Be that as it may, utilizing Fibonacci pointers with different markers they consolidated can turn into a capable single device in the exchanging business. So to utilize these Fibonacci markers isn't an awful thought on the off chance that you actualize is precisely and wisely. 
what i have noticed is traders in crypto usually do not respect the fibonacci levels if it bounce back on a certain level I think it is just a coincidence. I'm just new in crypto currency trading about 4 months now but i have been trading stocks and forex for a while . In stocks and forex usually the fibonacci levels are respected but in crypto I usually just use Support and resistance and sometimes support and resistance also don't work. Each platform has a different strategy to trade.
Thats the different between crypto trading and forex/stocks trading which fibonnaci levels are crucial indications on forex/stocks while on this cryptocurrency world it doesnt really work anytime and this is why i do make use only on seeing support and resistance level by making use of trend lines and i dont usually minding on using fibonnaci indicators on here. 
In forex trading Fibonacci indicator is a very effective tool when formed at s/r levels which reinforce price reversal especially on daily timeframe mostly at level 50% or 61.8% and also to be considered is the type of candlesticks formed at those level e.g pin bar, bullish or bearish engulfing bar, morning or evening star e.t.c.
As far as trading bitcoin is consigned there is no difference if trading with Fibonacci indicator and if Japanese candlesticks is to be considered and based on at least daily timeframe it going to work fine.
As far as trading bitcoin is consigned there is no difference if trading with Fibonacci indicator and if Japanese candlesticks is to be considered and based on at least daily timeframe it going to work fine.
Are you using Fibonacci indicator for charting. Is it effective?
Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules. As intriguing as it sounds, how do you get to the conclusion that fibonacci can get get your accuracy to 80%?
Are you using Fibonacci indicator for charting. Is it effective?
Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules. As intriguing as it sounds, how do you get to the conclusion that fibonacci can get get your accuracy to 80%?
I find fibonacci numers fascinating but don't know anyone who would use them for investing...still curious how you would use them...
There is no effective method of trading with indicators.But indicators which especially supported with math combinations can help you to detect current market trend.For example,high level line on macd indicator shows uptrend and prices maked upside movement from latest range.
Are you using Fibonacci indicator for charting. Is it effective?
Fibonacci indicators are very effective especially if you are using it to spot support and resistance level and spotting of trend. I have studying it in 2008 when I learned how to trade forex and stocks and since then I have been using it to confirm support and resistance level and it has been very effective. Though there is no any indicators that can accurately predict the market! Fib can get your accuracy near 80% if you follow it's rules.
I find fibonacci numers fascinating but don't know anyone who would use them for investing...still curious how you would use them...
Are you using Fibonacci indicator for charting. Is it effective?
I don't based on other replies that it is not helpful but in myself my trading i do also consider it as one of the trading analysis. I agree on them if they say no because i know every people has a same stratedgy use. 
For altcoin trading I think Fibonacci is more effective than other technical indicators but it depends on the time frame and the volume of the market. When we use fibonaci will be more effective on daily time frames and big market volumes. To be more accurate in technical analysis for the better make combination with other indicators such as RSI.
Fibonacci indicators are working for forex pairs and stock markets but it is not working for crypto market for me. I don't use it.
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i am not always using fibonacci indicators but sometimes i used it just to take a look what fibo said with the price. i think fibo can not apply in trading with correctly because fibo actually is not for crypto currency and the market is always changing. i always check for 5 minutes, 10 minutes, 30 minutes, 1 hour to see my chance in buying or selling and using macd is help too.maybe we an using fibo just to compare with the other so we can have more clue in trading.
what i have noticed is traders in crypto usually do not respect the fibonacci levels if it bounce back on a certain level I think it is just a coincidence. I'm just new in crypto currency trading about 4 months now but i have been trading stocks and forex for a while . In stocks and forex usually the fibonacci levels are respected but in crypto I usually just use Support and resistance and sometimes support and resistance also don't work. Each platform has a different strategy to trade.
Personally I don't find it useful, only a bit confusing. It's cost me more than it's saved me in the past - made me reconsider when I shouldn't have.
I think it's better to do the research into the coin, the team etc. and then HODL for development, news or whatever.
The numbers are just too unpredictable.
I think it's better to do the research into the coin, the team etc. and then HODL for development, news or whatever.
The numbers are just too unpredictable.
Are you using Fibonacci indicator for charting. Is it effective?
In a forex trading yes i used it, but not in crypto trading. For now i can not use fibonacci in crypto because there still not enough pattern in crypto, and also in crypto world the most important things is proof of concept of a coin. As long as i trade litecoin using fibonacci, it give me false result if i follow it i will lose my money
I am surprised by the answers of the other members For me fibonacci is the single most use tool for prediction of market movements retracments and sell points. I just put fibs and make targets buys and selss. You can search youtube there are few good videos about it with more details how to use. Practice is the key
If you are really a trader using fibonacci on crpytocurrency world i would bet that you would say that those indicators doesnt work anytime as they used too and i can really say such thing because i did make use this tool when i decide to trade on here and there are times that fibonacci works and sometimes it doesnt specially on low volume markets, as said above ^ this would be suited for high volume.Most certainly I agee. They do not work everytime and yes usually works with high volume markets. Together with other indicators for market streghnt it gives you nice apporoximation and safer projections usually work, depends how much risk are you willing to take for buy and sell orders..
Are you using Fibonacci indicator for charting. Is it effective?
In a forex trading yes i used it, but not in crypto trading. For now i can not use fibonacci in crypto because there still not enough pattern in crypto, and also in crypto world the most important things is proof of concept of a coin. As long as i trade litecoin using fibonacci, it give me false result if i follow it i will lose my money
I am surprised by the answers of the other members For me fibonacci is the single most use tool for prediction of market movements retracments and sell points. I just put fibs and make targets buys and selss. You can search youtube there are few good videos about it with more details how to use. Practice is the key
If you are really a trader using fibonacci on crpytocurrency world i would bet that you would say that those indicators doesnt work anytime as they used too and i can really say such thing because i did make use this tool when i decide to trade on here and there are times that fibonacci works and sometimes it doesnt specially on low volume markets, as said above ^ this would be suited for high volume. Jump to: